Subject to Rule 606, the Exchange may, in its absolute discretion, approve an application by an issuer to delist from the Exchange, provided that the issuer has:

(1) complied with all applicable U.S. securities rules, regulations and laws, as well as all applicable laws and regulations of its jurisdiction of incorporation, in relation to its proposed delisting from the Exchange; and

(2) provided the Exchange and shareholders with sufficient notice of its intent to delist before the date of proposed delisting date to allow for an orderly transition.

The Exchange may, in its absolute discretion, remove an issuer from its Official List (without the agreement of the issuer) if:

(1) the issuer ceases to maintain its primary listing on the Nasdaq Global Select Market;

(2) the issuer is unable or unwilling to comply with, or contravenes, a Rule;

(3) in the opinion of the Exchange, it is necessary or expedient in the interest of maintaining a fair, orderly and transparent market;

(4) the issuer has no listed securities on the Exchange; or

(5) in the opinion of the Exchange, it is appropriate to do so.

(1) Where the issuer applies to be delisted or is delisted from the Exchange under Rules 604 or 605 and the issuer remains listed on Nasdaq or another exchange, the issuer must:

(a) at the issuer’s expense, make arrangements for transferring the issuer’s listed securities from CDP to the relevant depository for continued trading on Nasdaq or such other exchange; and

(b) promptly make an SGXNET announcement setting out the detailed procedures for transferring the issuer’s listed securities from CDP to the relevant depository for continued trading on Nasdaq or such other exchange, including:

(i) the specific process and timelines for the transition;

(ii) the procedural actions for shareholders, including exit options and implications to shareholders who do not transfer or sell their holdings by the specified deadline; and

(iii) the designated communication channels to coordinate with and assist shareholders with the process.

(2) The Exchange may impose additional conditions or requirements on the delisting as it considers it appropriate.