Surface Mount Technology (Holdings) Ltd. - News
Pursuant to Rule 1311 of the Listing Manual, the Board of Directors of SURFACE MOUNT TECHNOLOGY (HOLDINGS) LIMITED (the "Company") wishes to announce that the Company has been notified on 2 June 2011 by the Singapore Exchange Securities Trading Limited (the "SGX-ST") that the Company will be placed on the Watch-List with effect from 3 June 2011.

The Company would be required to meet the requirements of Rule 1314 of the Listing Manual within 24 months from 3 June 2011, failing which, the SGX-ST would delist the Company or suspend trading in the Company's shares with a view to delisting the Company. Listing Rule 1314 states that an issuer may apply for its removal from the Watch-List if it satisfies any one of the following requirements:

(i) records consolidated pre-tax profit for the most recently completed financial year (based on the latest full year consolidated audited accounts, excluding exceptional or non-recurrent income and extraordinary items) and has an average daily market capitalisation of S$40 million or more over the last 120 market days on which trading was not suspended or halted for a full market day; or

(ii) satisfies the SGX Mainboard admission criteria, either under Listing Rule 210(2)(a) or Listing Rule 210(2)(b).

The Company would like to notify all its shareholders and business partners that the Group's business shall continue as usual.

By Order of the Board

PROFESSOR CHAN KEI BIU

Chairman and Senior Managing Director

2 June 2011