1.

The net book value of the Farm Lands and Farm Assets based on PASB’s latest audited financial statements.

2.

The direct and/or indirect shareholdings of the shareholders of PASB in PASB.

3.

Breakdown of the sources of funding for the Proposed Acquisition between bank borrowing and internally generated fund.

4.

a) The basis of arriving at the total purchase consideration, other than on a “willing buyer willing seller” basis. If it was based on net book value, the year the net book value were taken into consideration, quantifying the net book value and stating whether it was based on audited financial statements; and

(b) the justification for the total purchase consideration.

5.

A brief description of the buildings and structures, i.e., number of units, number of storeys, approximate area etc. and in respect of the  buildings, the following:

(a) the amount of lettable space;

(b) the amount of lettable space available for letting and the occupancy; and

(c) the percentage of occupancy.

6.

A brief description of the plant and machinery, equipment and motor vehicle, i.e. type, number of units each, etc.

7.

The approximate age of the buildings and structures, plant and machinery, equipment and motor vehicle.

8.

Whether any valuation was carried out on the Farm Lands; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

9.

The production/output of the prawn farm in the past 3 years.

10.

The estimated time frame to complete the Proposed Acquisition.

11.

To state the prospect of the Farm Land and Farm Assets.

12.

To state the amount transacted with Mr. Melvin Lim Chin Woei in the past 12 months.

13.

Proposed usage of the Farm Lands and Farm Assets.