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As at 15 March 2017

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Note:-

  1. Based on the issued share capital of the Company comprising 1,212,273,113 ordinary shares as at 15 March 2017.

  2. Master Resources International Limited ("Master Resources") is a company incorporated in the British Virgin Islands. The shareholders of Master Resources are Charles Antonny Melati (19.6%), Dhamma Surya (24.0%), Huang She Thong (12.6%), Richard Kennedy Melati (12.6%), Ng See Yong (12.6%), Yanto Melati (12.6%) and Darmin (6.0%). All of the foregoing shareholders are also directors of Master Resources.

    On 13 January 2017, Master Resources entered into an agreement with Tung Kum Hon for the transfer of 10,000,000 shares of the Company held by it for a consideration of S$1.00.

  3. The Company's Executive Director, Dhamma Surya, holds 24.0% of the shares in Master Resources. As such, Dhamma Surya is deemed to have interest in the 343,326,287 shares held by Master Resources by virtue of section 7 of the Companies Act (Chapter 50). In addition, Dhamma Surya has provided and undertaking, guaranteeing the obligations of Charles Antonny Melati under an agreement to grant a call option to James Beeland Rogers Jr over 2,000,000 shares of the Company (owned or to be owned by Charles Antonny Melati). The call option's exercise price is S$0.35 per share, with exercise period of 10 years, commencing 1 January 2015. The call option is exercisable in whole or in part and subject to conditions precedent. The number of shares under the call option is subject to adjustment provisions.

  4. Charles Antonny Melati has granted to James Beeland Rogers Jr a call option over 2,000,000 shares of the Company (owned or to be owned by Charles Antonny Melati). The call option's exercise price is S$0.35 per share, with exercise period of 10 years, commencing 1 January 2015. The call option is exercisable in whole or in part and subject to conditions precedent. The number of shares under the call option is subject to adjustment provisions.

PERCENTAGE OF SHAREHOLDING IN PUBLIC'S HANDS

Based on the information available to the Company as at 15 March 2017, approximately 37.68% of the Company's shares listed in the Singapore Exchange Securities Trading Limited ("SGX-ST") was held in the hands of the public. Accordingly, the Company has complied with Rule 723 of the Listing Manual of the SGX-ST.

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