Pteris Global Ltd To Acquire Entire Stake In Shenzhen CIMC-TianDa Airport Support Ltd

Pteris Global Ltd announced that it has on February 6, 2013, entered into a memorandum of understanding (the MOU) with China International Marine Containers (Hong Kong) Ltd. (CIMC) and Shenzhen TGM Ltd. (the Management Co) and/or their nominees (collectively the Vendor(s)) in connection with the proposed acquisition by the Company of the entire issued share capital of Shenzhen CIMC-TianDa Airport Support Ltd (the Target). The Target is a company incorporated in Shenzhen, the People’s Republic of China (the PRC) and is principally involved in the design, development, manufacture, installation and maintenance of passenger boarding bridges, ground support equipment and baggage handling systems. Pursuant to the MOU, the consideration for the Proposed Acquisition (representing 9.5 times the audited net profit after taxation and minority interests (PATMI) of the Target for the financial year ended December 31, 2012, shall be an indicative amount of approximately SGD 112 million based on CIMC's current estimate of the Target's FY2012 PATMI (the Consideration).