Placement Agreement?) with Lim & Tan Securities Pte Ltd as thePlacement Agent?). Pursuant to the Placement Agreement, the Company has agreed to allot and issue up to 584,375,930 new ordinary shares in thePlacement Shares? and each a ?Placement Share?) at an issue price of S$0.0065 (the ?Placement Price?) for each Placement Share (thePlacement?) and the Placement Agent has agreed, on a fully underwritten basis, to subscribe for and/or procure the subscription for, the Placement Shares at the PlacementCompany?) refers to its announcement on 26 August 2013 in relation to six conditional subscription agreementsSubscription Agreements?) with six individual investors (collectively the ?Subscribers?) for the subscription of an aggregate number of 584,375,930 new

signed a Novation Agreement and Sunrise replaced LTL as the party to the SPA. All the conditions of the agreement remained unchanged. The conditions precedent of the SPA has been fulfilled, and the

transaction is completed.

The Board of Directors of the Company wishes to announce that the Company and its subsidiaries (collectively ?the Group?) has accepted an offer (?the Offer?) from an individual (?the Purchaser?) to

acquire the Group?s 90% stake in EGL, for a total consideration of S$900,000.00 (?the Consideration?).