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ADDENDUM
For the purposes of (b) above:-
¡°
day on which the Company makes an announcement of an offer
¡± means the day on which the Company announces its intention
to make an offer for the purchase or acquisition of Shares from the Shareholders, stating therein the relevant terms of the equal access
scheme for effecting the Off-Market Purchase.
1.4 Status of purchased shares under the Share Buy-back Mandate
A Share purchased or acquired by the Company is deemed cancelled immediately on purchase or acquisition (and all rights and
privileges attached to the Share will expire on such cancellation) unless such Share is held by the Company as a treasury share. Where
Shares purchased or acquired by a company are cancelled, such Shares will be automatically de-listed from the Catalist. Where applicable,
certificates in respect of such cancelled Shares will be cancelled and destroyed by the Company as soon as is reasonably practicable after
following the settlement of such purchase or acquisition. Accordingly, the total number of Shares will be diminished by the number of
Shares purchased or acquired by the Company and which are not held as treasury shares.
At the time of each purchase of Shares by the Company, the Directors will decide whether the Shares purchased will be cancelled or kept as
treasury shares, or partly cancelled and partly kept as treasury shares, depending on the needs of the Company and as the Directors deem
fit in the interests of the Company at that time.
1.5 Treasury shares
Under the Companies Act, Shares purchased or acquired by the Company may be held or dealt with as treasury shares. Some of the
provisions on treasury shares under the Companies Act are summarised below:
1.5.1 Maximum holdings
The number of Shares held as treasury shares cannot at any time exceed 10% of the total number of Shares at that time.
