Placements::Completion of the Issuance and Transfer of Shares to Alibaba Investment Limited

Issuer & Securities

Announcement Title: Placements
Date &Time of Broadcast: 31-Jul-2014 19:26:08
Status: New
Announcement Sub Title: Completion of the Issuance and Transfer of Shares to Alibaba Investment Limited
Announcement Reference: SG140731OTHRV9QF
Submitted By (Co./ Ind. Name): Winston Paul Wong Chi Huang
Designation: Joint Company Secretary
Description (Please provide a detailed description of the event in the box below): Please refer to the attachment.

The "Capital Amount-Old" and the value of 33,312,000 treasury shares are based on the details as at 28 May 2014.

The "Capital Amount-New" was derived after adjusting for the following:-
(a) issuance of 6,274,000 new ordinary shares pursuant to the exercise of options since 28 May 2014;
(b) issuance of 190,096,000 new ordinary shares and transfer of 30,000,000 treasury shares to Alibaba Investment Limited (the "Investor") on 31 July 2014 pursuant to the Investment Agreement dated 28 May 2014; and
(c) balance of 3,312,000 treasury shares held by the Company immediately after the transfer of 30,000,000 treasury shares to the Investor as mentioned in paragraph (b) above.

Total size =229K