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Update - Subscription of HK$80,000,000 Convertible Note in Jollify Limited by PSC Investment Pte Ltd
Posted: 3 November 2010

Further to the announcements dated 23 January 2009, 3 February 2009, 9 February 2009 and 19 January 2010, the Board of Directors of PSC Corporation Ltd wishes to announce that the Company's wholly-owned subsidiary, PSC Investment Pte Ltd has agreed with Jollify Limited and Mr Chung Kwok Cheung to further vary the Terms of the Convertible Note by extending the maturity of the Convertible Note from 30 September 2010 to 30 December 2010, a date mutually agreed by all parties, or the completion of the Jollify Project, whichever is earlier.

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