Conversion of Irredeemable Convertible Unsecured Loan Stock to Ordinary Shares by Singapore Aerospace Manufacturing Pte Ltd ("SAM Singapore")
Singapore Precision Engineering Limited ("SPE") and SAM Singapore are wholly owned subsidiaries of Accuron Technologies Limited ("Accuron") which is a wholly owned subsidiary of Temasek. Accordingly, Temasek is deemed by virtue of Section 6A of the Companies Act, 1965 to have an interest in the shares held by SPE and SAM Singapore. SPE, SAM Singapore and Accuron are independently managed Temasek portfolio companies. Temasek is not involved in their business or operating decisions, including those regarding their position in SAM Engineering & Equipment (M) Berhad.