Reference is made to the announcement by the Company on 29 July 2015, as well as the replies to queries announced by the Company on 31 July 2015 and 3 August 2015 in relation to the Proposed Acquisition.

Unless otherwise stated, defined terms used in this reply shall have the same meanings as those used in the abovementioned announcements.

The Company announced on 29 July 2015 that the Definitive Agreement will be entered into between the Parties within three (3) months from the HOA (i.e. by 29 October 2015), subject to the Parties’ mutual agreement in writing to extend the HOA Cut-Off Date. The Proposed Acquisition is subject to the satisfactory outcome of the Due Diligence Exercise and negotiations of all terms and conditions.

In relation to the above, the Company wishes to announce that the Parties have mutually agreed to extend the HOA Cut-Off Date by three (3) months to 29 January 2016, for the satisfactory completion of the Due Diligence Exercise and negotiations of all terms and conditions, taking into consideration the recent and current market development.

This announcement is dated 23 October 2015.