General Announcement::NOTIFICATION OF INCLUSION ON THE WATCH-LIST DUE TO MTP ENTRY CRITERION W.E.F. 03/03/16

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 02-Mar-2016 18:07:57
Status: New
Announcement Sub Title: NOTIFICATION OF INCLUSION ON THE WATCH-LIST DUE TO MTP ENTRY CRITERION W.E.F. 03/03/16
Announcement Reference: SG160302OTHRCTHT
Submitted By (Co./ Ind. Name): HAN TOCK MUI KELLY
Designation: COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below): The Exchange has notified the Company that it would be placed on the watch-list due to the Minimum Trading Price ("MTP") Entry Criterion with effect from 3 March 2016.

The Exchange has advised that the Company must take active steps to meet the requirements of Listing Rule 1314(2) within 36 months from 3 March 2016, failing which the Exchange may either remove the Company from the Official List, or suspend trading of the listed securities of the Company with a view to removing the Company from the Official List.

Listing Rule 1314(2) states that the Company will be assessed by the Exchange for removal from the Watch-list if it has remained on the Watch-list for at least 6 months (this will exclude the time spent on the Watch-list due to the Financial Entry Criteria) and records volume-weighted average price of at least S$0.20 over the last 6 months prior to the date of the Exchange s review.