Canaccord Genuity Singapore Pte. Ltd., after having interviewed Ms Chuah, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Chuah. In the interim during the search for the head of finance, Mr Low Chee Wee, the Executive Director, will assume the responsibility of the Chief Financial Officer with immediate effect.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr Alex Tan, CEO, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.
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