44,283 23.0 8.1 Real Estate Development 23,782 11.7 21,276 11.0 11.8 SMEs loan 24,086 11.8 23,007 11.9 4.7 Corporate Lending 20,196 9.9 15,807 8.2 27.8 Special Asset Management loan 604 0.3 607 0.3 (0.4

9.0 Housing loan 13,051 6.4 11,252 5.8 16.0 Commercial Lending 47,868 23.5 44,283 23.0 8.1 Real Estate Development 23,782 11.7 21,276 11.0 11.8 SMEs loan 24,086 11.8 23,007 11.9 4.7 Corporate Lending

loans, real estate development loans and housing loans while hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19

Phase 2 through Dream Islands Development Private Limited (“Developer”) which is a subsidiary of SPM SG, and SPM SG indirectly holds 95 percent of shares in the Developer. With the expertise in real

area and also from the decline in construction material sales in line with the slowed down in the real estate sector. Additionally, investment in machinery and equipment also contracted as exhibited by

from the decline in construction material sales in line with the slowed down in the real estate sector. Additionally, investment in machinery and equipment also contracted as exhibited by the decline in

. which is real estate development business and AIR Pte. Ltd. which having income from holding shares in other companies (Holding Company). FKRMM will sell the above 2 subsidiaries before NDR will acquire

cash flow (“DCF”) and Guideline public company method (“GPCM”) when determine the fairness of valuation is reasonable to be between 1 : 5.44 and 1 : 5.92 (details as shown in attachment 1), therefore

transaction size (1) Book Value of net tangible assets method (NTA) Transaction size = NTA of investment in the Company x The disposition proportion x 100 NTA of the Company = (19.96 X 99.99996%) X 100 191.61

Audited financial statement of Eureka Automation Company Limited for year ended December 31,2018. The calculation of transaction size (1) Book Value of net tangible assets method (NTA) Transaction size