Voluntary delisting appoved by shareholders, the Company will focus on building a single listing platform in Hong Kong

The Company held Extraordinary General Meeting in Singapore on 17th, Jan, on which the shareholders approved the voluntary delisting from SGX with 98.24% high approval rate. Once the delisting is completed, the Company will become a single listed company on the Main Board of the Stock Exchange of Hong Kong Limited (“HKEX”). It is expected that it will result in a consolidation in liquidity and will also make management resources more flexible. We believe that Hong Kong's social background will be more in line with the Company’s business development. In the future, the Company will strive to achieve better results in new Urbanization area.