Subscription Of 50 Million New Ordinary Shares At S$0.105 Each
ecoWise Holdings Limited wishes to announce that it has entered into a subscription agreement dated 20 February 2012 with Lim Chye Huat @ Bobby Lim Chye Huat, Cheong Gim Kheng, Chew Lee Choo, Tan Sze Seng, Tan Tiong Beng, Lau Chee Herng, Joyce Ng E-Ming, Lee Seng Chuan and Yong Chor Ken. The Company will be seeking the authority of the shareholders of the Company at the annual general meeting to be held on 28 February 2012 for a general share issue mandate, and will be allotting and issuing the Subscription Shares pursuant to such Share Issue Mandate.

Brief: EcoWise (SGX Symbol: 5CT) has resumed trading from trading halt.