Dividend

The Company has not formalised a dividend policy. It is in the interest of the Company that dividend shall be proposed by management and recommended to the Board for consideration, prior to any such declaration by the Board after taking into consideration the Group's business expansion and development plans, its financial performance, capital commitments, projected financial position and available resources as well as other relevant factors from time to time. Declaration of dividends, if any, are clearly communicated to Shareholders and in the event where dividends are not recommended or declared, explanations are given to the Shareholders too. Such communications with Shareholders are made via SGXNET announcements.