The Exercise Price of S$0.51 represents a premium of approximately 10.9% to the last transacted price of S$0.46 per Share on the SGX-ST on 10 May 2007 (being the market day immediately preceding this announcement). For Full report, please goes to: http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/925080602f5f28b5482572d800187e1d?OpenDocumentproposed 106,264,162 warrants at an issue price of S$0.02 right to subscribe for one (1) new ordinary share at an exercise price of S$0.51 each, on the basis of one (1) Warrant for every four (4) existing shares held as at a books.