VITATION IN RESPECT OF 52,000,000 NEW SHARES
COMPRISING:
(i)
2,500,000 Offer Shares at S$0.225 for each Offer Share by way
of public offer; and
(ii)
49,500,000 Placement Shares at S$0.225 for each Placement
Share by way of placement, comprising:
(a)
45,000,000 Placement Shares at S$0.225 for each Placement
Share; and
(b)
4,500,000 Reserved Shares at S$0.225 for each Reserved
Share reserved for subscription by our Directors,
employees and business associates who have contributed
to the success of our Group, payable in full on application.