Placement Agents have agreed to procure subscriptions and payment for 306,546,000 new ordinary shares of HK$0.25 each (the “Placement Shares”) in the capital of the Company at a placement price of S$2.07 Placement Price The Placement Price represents a discount of approximately 6.77 per cent. to the price of S$2.22, being the weighted average price for trades done on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 3 March 2011, being the trading day on which the Placement Agreement was signed . Financial Impact The Placement Shares represent approximately 5.1 per cent. of the existing issued and paidup share capital of the Company as at the date of this Announcement, and will represent 4.8 per cent. of the enlarged issued and paid-up share capital on completion of the Placement. For illustration purposes only and assuming that the transaction had been completed on 1 January ......