ADVANCE SCT LIMITED

(Company Registration No. 200404283C)


PROPOSED SUBSCRIPTION OF 584,375,930 NEW SHARES IN ADVANCE SCT LIMITED

1. INTRODUCTION
The Board of Directors (the "Board") of Advance SCT Limited (the "Company") refers to its previous announcement dated 28 October 2013 in relation to the engagement of Lim & Tan Securities Pte Ltd to subscribe for and/or procure the subscription of 584,375,930 new ordinary shares in the capital of the Company at the issue price of S$0.0065 per share (the "Previous Announcement").
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meaning as ascribed to them in the Previous Announcement.
2. RECEIPT OF APPROVAL IN-PRINCIPLE
Further to the Previous Announcement, the Board wishes to announce that the Company has on 24
December 2013 received the approval in-principle (the "AIP") from the SGX-ST for the listing and quotation of the 584,375,930 Placement Shares on the Mainboard of the SGX-ST.
The AIP received from the SGX-ST is subject to the following:
(a) compliance with the listing requirements of the SGX-ST; and
(b) a written undertaking from the Company that it will comply with Rule 704(30) and Rule
1207(20) of the Listing Manual in relation to the use of the proceeds from the proposed placement of shares and where proceeds are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company's announcements on use of proceeds and in the annual report;
(c) a written undertaking from the Company that it will comply with Rule 803 of the Listing Manual; (d) a written confirmation from the Company that it will not issue the Placement Shares to persons
prohibited under Rule 812(1) of the Listing Manual; and
(e) a written confirmation from the Placement Agent that the Placement Shares will not be placed out to persons under Rule 812(1) of the Listing Manual.
Please note that the AIP received from the SGX-ST is not to be taken as an indication of the merits of the
Placement, the Placement Shares, the Company and/or its subsidiaries.
By Order of the Board
Advance SCT Limited
Simon Eng
Executive Chairman
24 December 2013

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