Response to Query Regarding Trading Activity::

Issuer & Securities

Issuer/ Manager: HYFLUX LTD
Securities: HYFLUX LTD - SG1J47889782 - 600
Stapled Security: No

Announcement Details

Announcement Title: Response to Query Regarding Trading Activity
Date &Time of Broadcast: 12-Apr-2018 10:47:04
Status: New
Announcement Reference: SG180412OTHRPGXJ
Response Submitted Date/ Time: 12-Apr-2018 10:47:04

Response Details

Response Submitted By (Co./ Ind. Name): Lim Suat Wah
Respondent's Designation: Group EVP and Group CFO
Response Description (Please provide a detailed description of the Response to Query in the box below): Hyflux Ltd (the "Company") set out below its response to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") dated 12 April 2018, regarding unusual price movements in the ordinary shares of the Company:

Question 1:
Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.

Response:
The Company is not aware of any information not previously announced concerning the Company or its subsidiaries which explain the trading today.

Question 2:
Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

Response:
The Company had previously announced on 27 February 2018 that it had been approached by several potential investors interested in strategic collaboration, with intention to inject additional funds for the Group's growth activities. The Company confirms that discussions are ongoing and no agreement has been reached at this time.

Question 3:
Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?

Response:
The Company confirms its compliance with the listing rules, in particular, Mainboard Rule 703.

The Board of Directors collectively and individually takes responsibility for the accuracy of the aforesaid replies to the queries raised by SGX-ST.

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