| Resignation Details | |
| Name Of Person | Tan Ong Huat |
| Age | 47 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 20/02/2012 |
| Detailed Reason(s) for Cessation | Mr Tan has resign due to personal reasons and his desire to concentrate on his other business ventures. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 20/01/2012 |
| Job Title | Non-Executive and Non-Independent Director |
| Role and Responsibilities | Non-Executive Director |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 2 (including this cessation) |
| Shareholding in the listed issuer and its subsidiaries | Direct interest of 7,550,000 ordinary shares Deemed interest of 3,450,000 ordinary shares Deemed interest of 5,000,000 outstanding warrants |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NA |
| Other Directorship | |
| Past Directorship (for the last five years) | Fongnam Machinery & Trading Pte Ltd RES Holdings Pte Ltd |
| Present Directorship | Sindo Resources Pte Ltd FN Resources Pte Ltd |