Epicentre

Epicentre: The Company further wishes to announce that the Group is expected to report a loss for 1H13. The expected loss is attributed to, amongst others, losses arising from the PRC operations. Due to market and operating conditions in the PRC, the Group has decided to cease operations in the PRC, and close all its PRC outlets. The Group is in the process of winding down its PRC operations and is in discussions on its PRC vendors and landlords relating to its PRC operations. The Group will focus on operations in Singapore and Malaysia, as well as its EpiLife business segment which the Company believes potentially offers higher returns and long term growth. Company is currently trading at 28.6x P/E.