Securities Transactions

The Company has adopted the requirements in SGX-ST’s Rule 1207(19) applicable to dealings in the Company’s securities by its directors, Management and officers. Directors, Management and officers of the Group who have access to price-sensitive, financial or confidential information are prohibited to deal in the Company’s shares during the period commencing two weeks before the announcement of the Company’s financial statements for each of the first three quarters of its financial year and one month before the announcement of the Company’s full year financial statements.

Directors, Management and officers of the Group are also advised to observe insider trading provisions under the Securities and Futures Act 2001 at all times even when dealing in the Company’s securities within the permitted trading periods. In addition, the directors, Management and officers of the Group are discouraged from dealing in the Company’s securities on short-term considerations.