| Part I |
| 1. |
Date of notice to issuer |
16/05/2012 |
| 2. |
Name of Director |
Lin Xiang Xiong |
| 3. |
Notice Type |
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
|
| Part II |
| 1. |
Date of change of Deemed Interest |
16/05/2012 |
| 2. |
Name of Registered Holder |
Innovation (China) Limited |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Pursuant to the issue of 3,000,000 new ordinary shares in the capital of the Company. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
138,862,500 |
| As a percentage of issued share capital |
34.31 % |
| No. of Shares which are subject of this notice |
0 |
| As a percentage of issued share capital |
0 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Shares held after the change |
138,862,500 |
| As a percentage of issued share capital |
34.06 % |
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Director, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
138,862,500 |
| As a percentage of issued share capital |
0 % |
34.31 % |
| No. of shares held after the change |
0 |
138,862,500 |
| As a percentage of issued share capital |
0 % |
34.06 % |
| Footnotes |
(1) The percentage of shareholding interest before the change is calculated based on the Company's issued share capital of 404,693,000 shares before the new issuance of shares.
(2) The percentage of shareholding interest after the change is calculated based on the Company's issued share capital of 407,693,000 shares as at the date of this announcement.
(3) The shareholders of Innovation (China) Limited is Professor Lin Xiang Xiong (65%) and his wife, Tan Swee Ngin (35%). As such, Professor Lin Xiang Xiong is deemed interested in all the shares held by Innovation (China) Limited by virtue of his shares in Innovation (China) Limited under Section 7 of the Companies Act.
The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 28 October 2011. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement and has not drawn on any specific technical expertise in its review of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone: (65) 6229 8088. |
|
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