In addition to the announcement made on 26 August 2013, the Board of Directors of PESTECH wishes to clarify the following:-
(i) The par value of the ordinary shares of SET is AUD1.00 per ordinary share.
(ii) The financial information of SET as at 30 June 2012 was extracted from SET's financial report prepared by a Certified Practicing Accountant in Australia. There is no statutory audit requirement for SET in accordance to the Australian Corporations Act 2001.
(iii) The first installment payment of the Subscription Price to SET is due on 29 August 2013 and the last installment payment is due on 15 June 2015. The installment payments are on bi-monthly intervals.
(iv) The Board, save for the interested Directors, Mr. Lim Ah Hock, Mr. Lim Pay Chuan and Mr. Detlef Raddatz, after having considered all aspects of the Subscription, is of the opinion that the Subscription is in the best interest of PESTECH Group.
This announcement is dated 28 August 2013.