The Board of Directors of the Company wishes to announce that Knusford Ventures Pte Ltd (“KVPL”), an indirect wholly-owned subsidiary of the Company, had on 13 May 2019 applied to the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) for striking off pursuant to Section 344A of the Companies Act, Chapter 50 of Singapore (“Proposed Striking Off”).

The details are set out in the attachment.

This announcement is dated 13 May 2019.