ADDVALUE TECHNOLOGIES LTD

(Incorporated in the Republic of Singapore)

(Company Registration No. 199603037H)

EXTENSION OF TRADING HALT

The Board of Directors of the Company (the "Board") would like to inform that the Company has on 24 May 2018 halted the trading of its shares (the "Trading Halt") in anticipation of the execution of a material contract with a customer followed by an announcement on the details of the contract (including material terms). However, as the customer has requested for additional amendments to certain key terms of the contract and parties are still in negotiations over the same, the execution of the contract has been delayed. The Company has consulted the Singapore Exchange and at the Company's request, the Singapore Exchange has granted an extension of the trading halt by one day (i.e., the trading halt may be lifted no later than 9 a.m. on 31 May 2018).

The Company will update Shareholders in due course on the progress of the finalisation of the above-mentioned material contract.

BY ORDER OF THE BOARD

Dr Colin Chan Kum Lok Chairman and CEO

30 May 2018

1

Attachments

  • Original document
  • Permalink

Disclaimer

Addvalue Technologies Limited published this content on 30 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 May 2018 00:47:01 UTC