3. RATIONALE AND JUSTIFICATIONS FOR THE PROPOSED BONUS ISSUE
The Board intends to undertake the Proposed Bonus Issue to reward the existing Shareholders
in the form of Bonus Shares for their loyalty and continuing support as the Proposed Bonus
Issue serves to increase the number of UP Shares held by the Shareholders without any cash
outlay by them, while maintaining their percentage of equity shareholding held in the Company.
In addition, the Proposed Bonus Issue may:-
(i) potentially result in an improved trading liquidity of UP Shares traded in the market at
an affordable share price without affecting the size of the market capitalisation of the
Company; and
(ii) encourage greater participation by investors as well as potentially broadening the
shareholder base of the Company

8. ESTIMATED TIME FRAME FOR COMPLETION
Barring any unforeseen circumstances and subject to all required approvals being obtained,
the Proposed Bonus Issue is expected to be completed in the 1
st quarter of 2025.

B11. Dividend
No dividend was proposed or declared for the current quarter under review.
On 6 July 2021, the Board of Directors proposed a final single tier dividend of 19.75 sen per
share in respect of the financial year ended 31 March 2021 which is subject to the approval of
the shareholders at the forthcoming Annual General Meeting scheduled on 7 September 2021.
If the final dividend is approved, it will be paid on 8 October 2021 to the depositors registered
in the Record of Depositors at the close of business on 24 September 2021.