Investor Relations

We refer to the announcement dated 24 May 2011 in respect of the Proposed Consortium Agreement (“Announcement”).
Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the Announcement.
YHB would like to further announce that the Consortium is in the negotiation stage with PTSC to secure the Bareboat Charter and in the event that the Consortium is successful in securing the Bareboat Charter, YHB will undertake to form a Joint Venture with PTSC to perform the contractual obligations of the Bareboat Charter. Upon successfully securing the Bareboat Charter, YHB will announce details of the charter and joint venture and YHB will seek shareholders’ approval for the Proposed Consortium Agreement.