Tan Kim Liang, Alex, Deputy Managing Director of Wing Wah Industrial Services Pte. Ltd. entered into a sale and purchase agreement to acquire an additional 3% stake in Wing Wah Industrial Services Pte. Ltd. from Mun Siong Engineering Private Limited (SGX:MF6) for SGD 0.06 million on December 31, 2012. Under the terms of the deal, Tan Kim Liang, Alex will acquire 0.02 million shares of Wing Wah Industrial for SGD 2.83 each. In a related transaction, Mun Siong Engineering Private Limited (SGX:MF6) agreed to acquire the remaining 20% stake in Wing Wah Industrial Services Pte. Ltd. from Lim Hock Heng, Lok Peng Kan, Tan Boon Kiat, Tan Khim Yong, David Loke Lye Khiong and Tan Kim Liang, Alex for SGD 0.5 million. Mun Siong Engineering will be entitled to buy back 3% stake if Tan Kim Liang, Alex ceases his employment with Wing Wah Industrial within 2 years of the agreement.

Tan Kim Liang, Alex, Deputy Managing Director of Wing Wah Industrial Services Pte. Ltd. completed the acquisition of an additional 3% stake in Wing Wah Industrial Services Pte. Ltd. from Mun Siong Engineering Private Limited (SGX:MF6) on January 1, 2013.