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Bank Certificate of Deposit of Paid-Up Capital

SEC Memorandum • Securities and Exchange Commission • Memoranda • Jul 20, 2012

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July 20, 2012 SEC MEMORANDUM FOR : The Company Registration & Monitoring Dept. SUBJECT : Bank Certificate of Deposit of Paid-Up Capital Per your request quoted hereunder is the excerpt from the minutes of the Commission Meeting held on 13 July 2012, which reads, to wit: cSDHEC "SEC RES: NO. 331, s. of 2012 RESOLVED, To DISPENSE with the requirement of submission of a Bank Certificate in the registration of stock corporations whose subscription is paid in cash." (SGD.) C. A. GERARD M. LUKBAN Commission Secretary

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