The Board of Directors of ICP Ltd. announced that the company has incorporated a wholly-owned subsidiary in Singapore known as ICP Marine Pte. Ltd. with an issued and paid-up share capital of SGD 1. The principal activity of ICP Marine Pte. Ltd. is that of investment holding.

ICP Ltd. announced unaudited group earnings results for the six months ended December 31, 2012. For the period, the company reported revenue of SGD 1,419,000 compared to SGD 3,105,000 a year ago. Operating loss was SGD 802,000 compared to SGD 2,481,000 a year ago. Loss before income tax was SGD 789,000 compared to SGD 2,491,000 a year ago. Loss attributable to owners of the company was SGD 815,000 compared to SGD 2,115,000 a year ago. Net cash used in operating activities was SGD 503,000 compared to SGD 1,502,000 a year ago. Purchase of property, plant and equipment was SGD 10,000 compared to SGD 10,000 a year ago. Basic and diluted loss per share was 0.011 cents compared to 0.037 cents a year ago. The group's revenue reduced due to lower demand from the semiconductor customers of the Group's electroplating services.

ICP Ltd. announced that it has appointed Ong Kok Wah as Independent Director, effective January 21, 2013. Ong was Executive Director /CEO & Director /Non- Executive Director - CH Offshore Ltd. from 1987 to 2010.