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ADDENDUM
1.3.3 Manner of purchase of Shares
Purchases of Shares may be made by way of:
(a)
market purchases (¡°
Market Purchase
¡±), transacted through the SGX-ST or, as the case may be, any other securities exchange on
which the Shares may for the time being be listed and quoted, through one or more duly licensed stockbrokers appointed by the
Company for the purpose; and/or
(b)
off-market purchases (¡°
Off-Market Purchase
¡±) (if effected otherwise than on the Catalist) in accordance with an equal access
scheme as defined in Section 76C of the Companies Act as may be determined or formulated by the Directors as they may consider
fit, which scheme(s) shall satisfy all the conditions prescribed by the Companies Act and the Listing Manual.
Under the Companies Act, an equal access scheme must satisfy all of the following conditions:
(a)
offers for the purchase or acquisition of Shares shall be made to every person who holds Shares to purchase or acquire the same
percentage of their Shares;
(b)
all of those persons shall be given a reasonable opportunity to accept the offers made to them; and
(c)
the terms of all the offers are the same, except that there shall be disregarded:
(i)
differences in consideration attributable to the fact that offers relate to Shares with different accrued dividend entitlements;
(ii)
(if applicable) differences in consideration attributable to the fact that offers relate to Shares with different amounts remaining
unpaid; and
(iii)
differences in the offers introduced solely to ensure that each person is left with a whole number of Shares.
In addition, the Listing Manual provides that, in making an Off-Market Purchase, the Company must issue an offer document to all
Shareholders which must contain at least the following information:
(a)
the terms and conditions of the offer;
(b)
the period and procedures for acceptances;
