SCINTRONIX CORPORATION LTD. Registration No: 199901719E (Incorporated in Singapore) (The "Company") QUARTERLY UPDATE PURSUANT TO RULE 1313(2) OF THE SGX-ST LISTING MANUAL


The Company was placed on the watch-list pursuant to Rule 1311 of The Singapore Exchange
Securities Trading Ltd ("SGX-ST") Listing Manual on 5 December 2011.
Pursuant to Rule 1313(2) of the SGX-ST Listing Manual, the Board of Directors of the Company wishes to provide the following updates relating to the financial situation of the Company and its subsidiaries (collectively, the "Group") for the year ended 31 December 2013 ("FY2013") and the outlook and future plans to exit from the watch-list.

Financial Situation

The Group recorded a loss after tax of (S$3.28 million) from its continuing operations and a profit of S$0.15 million from its discontinued operations for FY 2013.
The gross loss was mainly attributable to the loss of some key customers in Malaysia. The decrease in administrative expenses were due to the lower operating expenses and provisions incurred]- TMF: This part of the statement does not seem to make sense. The profit from discontinued operations was due to the reversal of impairment for trade receivables provided for in previous year. The reversal was due to cash collection during the year under review. Please refer to the Company's full year results announcement released on 27 February 2014 for a more detailed discussion on the results of the Group for FY2013.

Outlook and Future Direction

The Company was given till 5 December 2013 ("Deadline") to meet the requirements of SGX-ST to be removed from the watch-list.
On 2 December 2013, the Company submitted an application to SGX-ST to extend the Deadline for another six months as the Company has identified a suitable new business for the Group and will require more time to finalise the necessary arrangements.
On 6 December 2013, the Company re-submitted an application to SGX-ST to extend the
Deadline for three months instead of the six months.
On 13 December 2013, SGX-ST informed the Company that it has no objection to granting the
Company an extension of time of three months up to 5 March 2014.
The Group will make necessary announcements as and when there are material developments on this matter.
By Order of the Board
SCINTRONIX CORPORATION LTD.
Mr.Yang Weimin
Executive Chairman
27 February 2014

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