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Renounceable Non-Underwritten Rights Issue ("Warrants Issue") Of Up To 31,728,024 Warrants ("Warrants") At An Issue Price Of S$0.06 For Each Warrant, Each Warrant Carrying The Right To Subscribe For One (1) New Ordinary Share ("New Share") In The Capital Of The Company At An Exercise Price Of S$0.10 For Each New Share, On The Basis Of Three (3) Warrants For Every Ten (10) Existing Ordinary Shares Held By Shareholders Of The Company As At The Books Closure Date, Fractional Entitlements Being Disregarded

RESULTS OF SUBSCRIPTION AND ALLOCATION OF WARRANTS. PLEASE SEE ATTACHMENT.