SCINTRONIX CORPORATION LTD. (Incorporated in the Republic of Singapore) (Company Registration No. 199901719E) UPDATE ON USE OF PROCEEDS FROM SHARE PLACEMENT


Further to the announcements of 14 August 2013 and 22 August 2013, the Board of Directors of Scintronix Corporation Ltd. (the "Company") wishes to provide an update on use of the net proceeds raised from the share placement of 814,371,793 new ordinary shares in the capital of the Company on 23 November 2012.
As at 30 December 2013, the Company has utilized the net proceeds in the following manner:

Description (S$'000) (S$'000) Net proceeds 10,724

Repayment of shareholder's loan (2,000)
Working Capital:

Staff cost, directors' fee & admin expenses (1,510) Audit, legal & other professional expenses (381) Legal & professional fee for corporate exercises (114)
(2,005)

Balance to be utilised 6,719

The utilisation of share placement proceeds is in accordance with the intended use as stated in the previous announcements.
The Company will provide further update on the use of net proceeds when they are materially disbursed.
By Order of the Board
SCINTRONIX CORPORATION LTD.
Yuan Boyin
Executive Chairman
30 December 2013

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