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ADDENDUM
(iv)
number of such shares before and after such sale, transfer, cancellation and/or use;
(v)
percentage of the number of treasury shares against the total number of shares outstanding in a class that is listed before and after
such sale, transfer, cancellation and/or use; and
(vi)
value of the treasury shares if they are used for a sale or transfer, or cancelled.
1.6 Sources of funds for Share Buy-back
The Company may only apply funds for the purchase or acquisition of Shares in accordance with the Constitution and the applicable laws
and regulations in Singapore. The Company may not purchase or acquire its Shares for a consideration other than cash or for settlement
otherwise than in accordance with the trading rules of the SGX-ST.
Any purchase of Shares could only be made out of the Company¡¯s distributable profits that are available for payment as dividends, as well
as from its capital, provided that:
(a)
there is no ground on which the Company could be found to be unable to pay its debts and it will be able to pay its debts as they
fall due during the period of 12 months immediately after the date of the payment; and
(b)
the value of the Company¡¯s assets is not less than the value of its liabilities (including contingent liabilities) and will not, after the
purchase of Shares, become less than the value of its liabilities (including contingent liabilities).
The Company will use internal resources and/or external borrowings and/or a combination of both to finance purchases of Shares pursuant
to the Share Buy-back Mandate.
1.7 Financial effects of the Share Buy-back Mandate
The financial effects on the Company and the Group arising from the Share Buy-backs which may be made pursuant to the Share Buy-
back Mandate will depend on,
inter alia
, whether the Shares are purchased or acquired out of profits and/or capital of the Company,
the aggregate number of Shares purchased or acquired, the price at which such Shares are purchased or acquired, whether the Shares
purchased or acquired are held as treasury shares or cancelled and the amount (if any) borrowed by the Company to fund the purchase or
acquisition.
