|
ANNAIK LIMITED
(Company Registration No. 197702066M)
(Incorporated in Singapore)
--------------------------------------------------------------------------
CHANGE IN CORPORATE TAX RATE FOR
PROPOSED FIRST & FINAL DIVIDEND AND SPECIAL DIVIDEND
---------------------------------------------------------------------------
The Board of Directors of AnnAik Limited (the "Company") refers to the Full Year Financial Statement and Dividend Announcement released to the SGX-ST on 15 February 2007 (the "Announcement").
The Announcement had referred to the proposed First & Final Dividend and Special Dividend for the financial year ended 31 December 2006 of 0.80 cents per ordinary share and 1.45 cents per ordinary share (collectively the "Dividends") respectively less corporate tax of 20%.
Following the announcement of the Singapore Budget 2007 on 15 February 2007, the corporate tax rate was reduced from 20% to 18% with effect from Year of Assessment 2008. Accordingly, the payment of the Company's Dividends will now be net of 18 % corporate tax instead of 20%.
All other information in relation to the said Dividends remains unchanged.
BY ORDER OF THE BOARD
Tan Choon Huat
Director
13 March 2007
|
