Annual Report 2016
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at any time and upon such terms and conditions and for such purposes and to such persons as the
Directorsmay in their absolute discretion deem fit; and
b.
(notwithstanding theauthorityconferredby thisResolutionmayhaveceased tobe in force) issueShares
in pursuance of any Instrumentsmade or granted by theDirectors while this Resolutionwas in force,
provided that:
(1)
the aggregatenumber of Shares tobe issuedpursuant to thisResolution (includingShares tobe issued
in pursuance of Instrumentsmade or granted pursuant to thisResolution) shall not exceed 50% of the
total number of issued shares (excluding treasury shares) in the capital of theCompany (as calculated
in accordance with sub-paragraph (2) below), of which the aggregate number of Shares (including
Shares to be issued in pursuance of Instruments made or granted pursuant to this Resolution) to be
issued other than on a pro rata basis to existing shareholders of the Company shall not exceed 20%
of the total number of issued shares (excluding treasury shares) in the capital of the Company (as
calculated in accordancewith sub-paragraph (2) below);
(2)
(subject to such manner of calculation as may be prescribed by the SGX-ST) for the purpose of
determining the aggregate number of Shares that may be issued under sub-paragraph (1) above, the
total number of issuedShares (excluding treasury shares) shall be basedon the total number of issued
shares (excluding treasury shares) in the capital of theCompany at the time thisResolution is passed,
after adjusting for:
(i)
newSharesarising from theconversionorexerciseofanyconvertiblesecuritiesorshareoptions
or vesting of share awards which are outstanding or subsisting at the time this Resolution is
passed; and
(ii)
any subsequent bonus issue, consolidation or subdivision of Shares;
(3)
inexercising theauthorityconferredby thisResolution, theCompany shall complywith theprovisions
of the ListingManual of the SGX-ST for the time being in force (unless such compliance has been
waived by theSGX-ST) and theConstitution of theCompany; and
(4)
(unless revoked or varied by the Company in a general meeting) the authority conferred by this
Resolution shall continue in force until the conclusion of the next Annual General Meeting of the
Companyor thedatebywhich thenextAnnualGeneralMeetingof theCompany is requiredby law to
be held, whichever is earlier.
(Resolution 8)
ByOrder of theBoard
NgaKoNie
CompanySecretary
Singapore, 7April 2017
Noticeof
Annual General Meeting
