Appendix 13.1 Notice of 3 Consecutive Years' Losses

Past version: Effective from 01 Mar 2016 to 31 May 2020

(Cross-referenced from Rule 1312 and Practice Note 13.2)

Name of Issuer:_________________________ hereby gives notice that:

(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts; and
(ii) its latest 6-month average daily market capitalisation as at ______________ is ______ .

The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.

Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.

Amended on 1 March 20161 March 2016.