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If an issuer is placed on the watch-list, it must:—

(1) immediately announce the fact through the SGXNet; and
(2) for the period in which it remains on the watch-list, provide the market with a quarterly update on its efforts and the progress made in meeting the exit criteria of the watch-list, including where applicable its financial situation, its future direction, or other material development that may have a significant impact on its financial position. If any material development occurs between the quarterly updates, it must be announced immediately.

Amended on 1 March 20161 March 2016.