Common use of SHAREHOLDING STRUCTURE Clause in Contracts

SHAREHOLDING STRUCTURE. Assuming the maximum number of Consideration Shares are allotted and issued to the Vendors, the shareholding structure of the Company before and after the Completion of the Proposed Transactions is set out as follows: Direct Interest Deemed Interest Direct Interest Deemed Interest No. of Shares % No. of Shares % No. of Shares % No. of Shares % Ip ▇▇▇▇ ▇▇▇▇ (1) 74,319,300 36.88 61,601,150 30.57 74,319,300 23.11 61,601,150 19.16 ▇▇▇ ▇▇▇▇ ▇▇ 61,601,150 30.57 74,319,300 36.88 61,601,150 19.16 74,319,300 23.11 ▇▇▇▇▇ (1) ▇▇ ▇▇▇▇▇ - - - - - - - - ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ - - - - - - - - ▇▇▇▇ ▇▇ - - - - - - - - Limjoco Substantial Shareholders Vendors) [Nil] - - - - - - - - persons ▇▇▇▇ - - - - 35,294,118 10.98 - - Xinmeng (2) ▇▇▇ ▇▇▇▇ (2) - - - - 35,294,118 10.98 - - ▇▇▇▇ (2) - - - - 49,411,764 15.37 - - ▇▇▇▇ ▇▇▇▇▇▇▇▇ (2) - - - - - - 49,411,764 15.37 (3) Existing 65,614,826 32.55 - - 65,614,826 20.41 - - Public (1) ▇▇ ▇▇▇▇ ▇▇▇▇ and ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ are deemed interested in Shares held by the other by virtue of their relationship as spouses. (2) The information in respect of the Vendors and related persons was provided by the Vendors and is subject to further updates including, inter alia, information ascertained in the course of the Company’s due diligence. (3) ▇▇▇▇ ▇▇▇▇▇▇▇▇ holds 83% of the issued share capital of ▇▇▇▇ and is therefore deemed interested in the Shares held by ▇▇▇▇.

SHAREHOLDING STRUCTURE. Assuming all of the maximum number of Consideration illustrative 250,000,000 Conversion Shares and 15,000,000 Introducer Shares are allotted and issued to the VendorsInvestor and the Introducer respectively, the shareholding structure of the Company before and after the Completion completion of the Proposed Transactions (assuming that the Proposed Scheme is carried out in accordance with its terms) is set out as follows: Before the completion of the Proposed Transactions After the completion of the Proposed Transactions Direct Interest Deemed Interest Direct Interest Deemed Interest No. of Shares % No. of Shares % No. of Shares % No. of Shares % Ip ▇▇▇ ▇▇▇ Man (1) 3,000,000 7.49 11,895,750 29.71 3,000,000 0.98 11,895,750 3.90 ▇▇▇ ▇▇▇▇ Hin, ▇▇▇▇▇▇▇ (2) - - 4,300,000 10.74 - - 4,300,000 1.41 ▇▇▇▇ ▇▇▇▇▇ Fai (1) 74,319,300 36.88 61,601,150 30.57 74,319,300 23.11 61,601,150 19.16 3,000,000 7.49 11,895,750 29.71 3,000,000 0.98 11,895,750 3.90 Hor Siew Fu - - - - - - - - ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇ 61,601,150 30.57 74,319,300 36.88 61,601,150 19.16 74,319,300 23.11 ▇▇, ▇▇▇ (1) ▇▇ ▇▇▇▇▇ - - - - - - - - Substantial Shareholders Konkin Limited (1) 11,895,750 29.71 - - 11,895,750 3.9 - - Winmark Investments Pte. Ltd. (2) 1,000 0.00 4,299,000 10.74 1,000 0.00 4,299,000 1.41 ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ - - - - - - - - ▇▇▇▇ ▇▇ - - - - - - - - Limjoco Substantial Shareholders Vendors) [Nil] - - - - - - - - persons ▇▇▇▇ - - - - 35,294,118 10.98 - - Xinmeng (2) ▇▇▇ ▇▇▇▇ (2) - - 4,300,000 10.74 - 4,300,000 1.41 Ang Kong Hua (3) - - 35,294,118 10.98 4,587,748 11.16 - - ▇▇▇▇ (2) 4,587,748 1.50 Investor - - - - 49,411,764 15.37 250,000,000 81.95 - - Introducer - - - - 15,000,000 4.92 - - Existing Public 22,149,443 55.31 - - 22,149,443 7.27 - - Total 40,046,193 100.0 305,046,193 100.0 (1) ▇▇▇ ▇▇▇ Man and ▇▇▇▇ ▇▇▇▇▇▇▇▇ (2) - - - - - - 49,411,764 15.37 (3) Existing 65,614,826 32.55 - - 65,614,826 20.41 - - Public (1) ▇▇ ▇▇▇▇ ▇▇▇▇ and ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ are deemed interested in Shares held by the other by virtue of their relationship as spouses. (2) The information in respect of the Vendors and related persons was provided by the Vendors and is subject to further updates including, inter alia, information ascertained in the course of the Company’s due diligence. (3) ▇▇▇▇ ▇▇▇▇▇▇▇▇ holds 83% of the issued share capital of ▇▇▇▇ and is therefore deemed interested in the Shares held by ▇▇▇▇▇▇ Limited (“Konkin”) by virtue of their shareholdings of 50% each in Konkin. (2) ▇▇▇ ▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ and his wife, ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇ are deemed to be interested in the Shares held by Winmark Investments Pte. Ltd. (“Winmark”) by virtue of their shareholdings of 50% each in Winmark. ▇▇▇▇▇▇▇ has direct interests of 1,000 Shares and is deemed interested in 4,299,000 Shares held by Raffles Nominees (Pte) Limited. (3) ▇▇▇ ▇▇▇▇ ▇▇▇ is deemed interested in 2,130,000 shares held by Raffles Nominees (Pte) Limited and 2,457,748 shares held by DBS Nominees Pte Ltd.