Business Times Article Dated 21 January 2020
22 Jan 2020

The Company refers to the article entitled “Minority Shareholder Objects to Darco’s Share Placement” in The Business Times on 21 January 2020 relating to the proposed share placement exercise to raise S$6,545,000 in gross proceeds as announced by the Company on 13 January 2020.

Placement of 18,700,000 New Ordinary Shares
13 Jan 2020

At S$0.35 for Each Placement Share.