Linair Technologies Limited, Annual General Meeting, Apr 29, 2013., at 10:00 Singapore Standard Time. Location: Hotel Royal, 36 Newton Road, Royal Room 1. Agenda: To receive and adopt the audited financial statements for the year ended 31 December 2012 together with the reports of the Directors and the Auditors thereon; to re-elect Mr. Wong Kok Chye, a Director retiring under Article 88 of the Articles of Association of the company; to re-elect Mr. Tan Hup Foi @ Tan Hup Hoi, a Director retiring under Article 89 of the Articles of Association of the company; to re-elect Mr. Teo Beng Teck, a Director retiring under Article 89 of the Articles of Association of the company; to approve payment of Directors' fee of SGD 204,000.00 for the financial year ended 31 December 2012; to re-appoint PKF-CAP LLP as auditors of the company and to authorize the Directors to fix their remuneration; to consider authority to allot and issue shares; to consider renewal of the share buy back mandate; and to consider renewal of performance bonus share plan.

Linair Technologies Limited reported unaudited group earnings results for the full year ended December 31, 2012. For the year, the company reported revenue of SGD 33,933,000, loss before taxation of SGD 2,650,000, loss attributable to shareholders of SGD 2,619,000 or 0.75 cents per basic and diluted share, net cash used in operating activities of SGD 2,730,000, purchase of property, plant and equipment of SGD 46,000 compared to revenue of SGD 49,006,000, profit before taxation of SGD 1,580,000, profit attributable to shareholders of SGD 1,225,000 or 0.35 cents per basic and diluted share, net cash from operating activities of SGD 1,102,000, purchase of property, plant and equipment of SGD 542,000 over the same period last year. The decrease in revenue of approximately SGD 9.83 million in the Singapore engineering segment in financial year 2012 as compared to financial year 2011 due to completion of two large projects, (ii) the decrease in revenue of SGD 1.47 million from China manufacturing sector due to slowdown of China economy, (iii) the decrease in revenue of SGD 3.37 million from Singapore and Malaysia manufacturing sector due to increased competition from new entrants to its market in Singapore, and (iv) the decrease in revenue of SGD 0.41 million from distribution sector as a result of decrease in customer demands.

The Board of Directors of Linair Technologies Ltd. announced that Mr. Tan Chee Meng William has given advance notice of his intention not to renew his service agreement when it expires on July 31, 2013. Mr. Tan cited the reason that with the near completion of the restructuring of the company, he would like to focus on outside opportunities. Consequently, the Board has identified a suitable replacement. After some discussions between the Board and Mr. Tan, it was agreed that he will step down as group Chief Executive Officer and Executive Director on January 7, 2013. In his place, the company has appointed Mr. Wong Kok Chye as group Chief Executive Officer and Executive Director with effect from January 7, 2013. Mr. Wong Kok Chye is also currently the chief executive officer for the company's Environmental Products division where he is responsible for the operations, growth and profitability of the group's manufacturing and distribution businesses.