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(b) (notwithstanding the authority conferred by this Resolution may have ceased to be in force)
issue shares in pursuance of any Instruments made or granted by the Directors while this
Resolution was in force,
provided that:
(1)
the aggregate number of shares to be issued pursuant to this Resolution (including shares to
be issued in pursuance of Instruments made or granted pursuant to this Resolution) shall not
exceed 50% of the total number of issued shares (excluding treasury shares and subsidiary
holdings) in the capital of the Company (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 and subsidiary holdings) in the capital of
the Company (as calculated in accordance with 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 issued shares (excluding treasury shares and subsidiary holdings)
shall be based on the total number of issued shares (excluding treasury shares and subsidiary
holdings) in the capital of the Company at the time of the passing of this Resolution, after
adjusting for:
(i)
new shares arising from the conversion or exercise of any convertible securities or
share options or vesting of share awards which are outstanding or subsisting at the
time of the passing of this Resolution; and
(ii)
any subsequent bonus issue, consolidation or subdivision of shares;
(3) in exercising the authority conferred by this Resolution, the Company shall comply with
the provisions of the Listing Manual of the SGX-ST for the time being in force (unless such
compliance has been waived by the SGX-ST) and the Constitution of the Company; and
(4) unless revoked or varied by the Company in a general meeting, such authority shall continue
in force until the conclusion of the next Annual General Meeting of the Company or the date
by which the next Annual General Meeting of the Company is required by law to be held,
whichever is earlier.
(Resolution 8)
By Order of the Board
Nga Ko Nie
Company Secretary
Singapore, 10 April 2019
Notice of
Annual General Meeting