Aurionpro Solutions Ltd. — Capital/Financing Update 2018

Oct 17, 2018

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a)b)c)
	Nameofthetargetentity,details Inbriefsuch as**size,**turnoveretc.	SCSoftPTELTD**("SCSoft")**Is a SingaporeHeadquartered company IncorporatedunderthelawsofSingapore havingitsRegisteredOfficeat100G, Pasir Panjang Road,#06-31,Interlocal Centre, Singapore118523.SCSoftwas founded In2009.SCSoftis havingitsoffices in Canada,IndiaandMalaysia andhas ateamofmorethanhundred peoplehavingItis own R&DcenterandwithaconsolidatedturnoverofS$4.2Million as on31stDecember2017.
	Whethertheacqu1s1t1onwould fallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanies haveanyinterestintheentitybeing acquired?Ifyes,natureofinterestanddetailsthereofandwhetherthesameis doneat"armslength"	The proposed acquisitiondoesnotfall withinthe relatedpartytransactions and noneofthepromoter/promotergroup/groupcompanieshaveanyInterest Intheentitybeing acquired.
	Industrytowhichtheentitybeingacquired belongs	InformationTechnology(AutomatedFareCollection System,basedon open looptechnoloav)
d)	Objectsandeffectsofacquisition(Includingbutnotllmltedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusiness isoutsidethemainlineofbusinessofthelistedentitv)	The acquisitionwillestablish Aurionpro as anendtoendproviderofautomatedfare systemand willstrengthenIts leadership Inthemarket.
e)	Briefdetailsofanygovernmentalorregulatoryapprovals requiredfortheacauisttion	Nogovernmentalorpriorregulatoryapprovalsare requiredfortheacquisition.
f)	Indicativetimeperiodforcompletionoftheacquisition	51 %ofEquity Shares CapitalofSCSofttobeacquired in oneormoretranchesuptoDecember2019.Currentlysubscribingtothe619,500numberofnewshares issued whichwilltake effectiveholdingofAurionproto26.70%ofthetotalequity.The transactionisexpectedtobe completedbyendofDecember2019
g)	Natureofconsideration - whethercash considerationorshare swap anddetailsofthesame	Cash ConsiderationbywayofsubscriptiontothefreshequitytobeissuedbySC Soft.
h)	Costofacquisitionorthepriceatwhich the shares are acou1red	USO5 Million towards acquisitionof51%stake
i)	Percentageofshareholding / controlacquired and /ornumberofsharesacauired	51%ofEquityShare Capita IofSCSoftisproposedtobe acquiredinoneormoretranches.

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proprietaryfrontendhardwareand softwarecomponents requiredfortheAFCand paymentsolutionfortheIndustry.SCSofthasalsoformed partnerships and alliances In variousmarketsand hasactiveparticipationinOSPTallianceformasspublictransportation.	proprietaryfrontendhardwareand softwarecomponents requiredfortheAFCand paymentsolutionfortheIndustry.SCSofthasalsoformed partnerships and alliances In variousmarketsand hasactiveparticipationinOSPTallianceformasspublictransportation.
ThedetailsofTurnoverforlast3years:
Financial Year endedon	Amount
31stDec 2017	5$4.2Million
31stDec2016	S$2.36Million
3151Dec2015	~~5$~~1.65Million

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