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GENERAL AND STATUTORY INFORMATION<br />

30. No property has been purchased or acquired or proposed to be purchased or acquired by our<br />

Company or its subsidiary which is to be paid for wholly or partly out of the proceeds of the<br />

issue of the New Shares or the purchase or acquisition of which has not been completed at the<br />

date of the issue of this Prospectus, other than property, the contract for the purchase or<br />

acquisition whereof was entered into in the ordinary course of business of our Company or its<br />

subsidiary, the contract not being made in contemplation of the Invitation nor the Invitation in<br />

consequence of the contract.<br />

31. The estimated amount of expenses in connection with the Invitation, including underwriting<br />

commission, placement commission, brokerage, management fee and other expenses in relation<br />

to the Invitation, is approximately $3.2 million. The underwriting commission, placement<br />

commission, Internet payment gateway fee and brokerage are payable by our Company. The<br />

other expenses in relation to the Invitation, including the management fee, the listing fee and<br />

other incidental fees payable to the SGX-ST for the listing application, are payable by our<br />

Company.<br />

32. No amount of cash or securities or benefit has been paid or given to any promoter within the<br />

two years preceding the date of this Prospectus or is proposed or intended to be paid or given<br />

to any promoter at any time.<br />

33. The Directors are not aware of any material information, including trading factors or risks,<br />

which are not mentioned elsewhere in this Prospectus, which is unlikely to be known or<br />

anticipated by the general public and which could materially affect the profits of our Company<br />

and its subsidiary.<br />

34. Save as disclosed in this Prospectus, the financial condition and operations of the Group are<br />

not likely to be affected by any of the following:-<br />

(a) known trends or demands, commitments, events or uncertainties that will result in or are<br />

reasonably likely to result in the Group’s liquidity increasing or decreasing in any material<br />

way;<br />

(b) material commitments for capital expenditure;<br />

(c) unusual or infrequent events or transactions or any significant economic changes that<br />

materially affected the amount of reported income from operations; and<br />

(d) known trends or uncertainties that have had or that the Group reasonably expects will<br />

have a material favourable or unfavourable impact on revenues or operating income.<br />

35. No Shares shall be allotted on the basis of this Prospectus later than six months after the date<br />

of this Prospectus.<br />

36. Our Company currently has no intention of changing the auditors of our Company and its<br />

subsidiary after the listing of our Company on SGX-ST.<br />

153

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