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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackMay 22, 2012
Part I
1. Date of notice to issuer 16/05/2012
2. Name of Substantial Shareholder Ng Eng Tiong
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Shareholding 16/05/2012
2. The change in the percentage level From 15.09 % To 14.98 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pursuant to the issue of 3,000,000 new ordinary shares in the capital of the Company.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 61,075,000 0
As a percentage of issued share capital 15.09 % 0 %
No. of shares held after the change 61,075,000 0
As a percentage of issued share capital 14.98 % 0 %
Footnotes (1) The percentage of shareholding interest before the change is calculated based on the Company's issued share capital of 404,693,000 shares before the new issuance of shares.

(2) The percentage of shareholding interest after the change is calculated based on the Company's issued share capital of 407,693,000 shares as at the date of this announcement.

The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGXST") on 28 October 2011. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement and has not drawn on any specific technical expertise in its review of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the
statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone: (65) 6229 8088.
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