final output

USE OF PROCEEDS
We expect to receive net proceeds of approximately $5.1 million after deducting estimated offering
expenses, from the issue of 30,000,000 New Shares. We intend to use the proceeds of the offering
for the following specific purposes:-
(i) approximately $4.0 million to finance business expansion as elaborated on page 56 of this
Prospectus;
(ii) approximately $0.5 million to finance the upgrading of warehousing facility and the installation
of the hardware and software for our inventory tracking system (our current inventory management
system is set out on page 40 of this Prospectus); and
(iii) the balance of $0.6 million to be used for working capital purposes.
Pending the deployment of the net proceeds for the purposes mentioned above, the proceeds from
the subscription of the New Shares may be deposited with banks or financial institutions or invested
in short term money market instruments, or used as working capital, as our Directors may in their
absolute discretion deem fit.
26