A Catalist issuer may apply to the Exchange in writing for transfer to SGX Mainboard. The Exchange may allow the transfer if an issuer meets the following requirements:—

(1) It has been listed on SGX Catalist for at least two years;
(2) It meets the minimum quantitative requirements below and any other listing requirements that the Exchange may prescribe (either generally or in any particular case)
(a) Rule 210(2)(a) and Rule 210(3); or
(b) Rule 210(2)(b) and Rule 210(3); or
(c) Rule 210(2)(c) and Rule 210(4)(a)
When determining whether the issuer complies with the market capitalisation requirement in Rule 210(2)(b) or Rule 210(2)(c), the Exchange will take into account the issuer's average daily market capitalisation for one month preceding the application date.
(3) It provides the Exchange with an undertaking to comply with all the Exchange's requirements and policies applicable to issuers listed on the SGX Mainboard. The undertaking must be in the form set out in Appendix 2.3.1.

Amended on 10 August 201210 August 2012.