The board of directors of Sinwa Limited intends to make an initial distribution of approximately SGD 67,000,000 to Shareholders by way of a special dividend, on a pro rata basis based on the number of Shares held by Shareholders as at a date to be determined. The Board announced that the amount to be distributed to Shareholders by way of the special dividend is approximately SGD 64,805,000 after taking into account the impairment of the Intercompany Loans.