Number of shares 580,946,581

10% = 58,094,658 shares : Maximum number to be purchased under buy back program

At current price of 0.58 this would be S$ 33 million. Roughly 1 year profit.

SHARE BUY BACK

7. That:-

(a) the exercise by the Board of Directors or, as the case may be, Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued common shares of par value US$0.0001 (?Common Shares?) not exceeding in aggregate the Maximum Limit (as hereafter defi ned), at such price

or prices as may be determined by the Directors from time to time up to the Maximum Price (as hereafter defi ned), by way of market purchase(s) on the SGX-ST and/or any other stock exchange on which the Common Shares may for the time being be listed and quoted (?Other Exchange?), and otherwise in

accordance with Book 2 of the Civil Code of the Netherlands Antilles, the Company?s Articles of Association and all other laws and regulations and rules of the SGX-ST or, as the case may be, Other Exchange as may for the time being be applicable, be and is hereby authorised and approved generally and

unconditionally (the ?Share Purchase Mandate?);

(b) unless varied or revoked by the general meeting of shareholders of the Company, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of

this Resolution and expiring on the earlier of:

(i) the date on which the next Annual General Meeting of the Company is held; and

(ii) the date by which the next Annual General Meeting of the Company is required by law to be held;

(c) in this Resolution:

?Average Closing Price? means the average of the last dealt prices of a Common Share for the fi ve consecutive market days on which the Common Shares are transacted on the SGX-ST or, as the case may be, Other Exchange immediately preceding the date of market purchase by the Company and deemed to

be adjusted, in accordance with the listing rules of the SGX-ST, for any corporate action which occurs after the relevant fi ve-day period;

?Equity? means the sum of the following components in the capital of the Company:

(a) the Nominal Capital;

(b) the additional paid-in share capital;

(c) the paid-up share premium; and

(d) retained earnings and other reserves,

less the losses, if any, of the Company, in so far as such losses have not yet been deducted from the reserves;

?Nominal Capital? means the sum of the nominal values of the Common Shares in issue from time to time;

?Maximum Limit? means that number of issued Common Shares representing 10% of the total number of issued Common Shares as at the date of the passing of this Resolution, provided that the Equity of the Company at the time of the acquisition at least equals the Nominal Capital and as a result of the

acquisition the Equity will not fall below the Nominal Capital; and

?Maximum Price? in relation to a Common Share to be purchased or acquired by way of a market purchase, means the purchase price (excluding brokerage, commission, applicable goods and services tax and other related expenses) which shall not exceed 105% of the Average Closing Price of the Common

Shares.

(d) the Directors of the Company and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) as they and/or he may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this