You have been engaged by the ABC Pte Ltd (‘ABC’ or ‘the company’) to determine the fair
market value of 100% issued shares of the company as at 31 December 2018 (‘valuation
date’). The purpose of the valuation is to assist the company in its deliberation of the
prospective sale of the equity stakes to new strategic investor. The deliverable for this
valuation engagement will be in the form of a valuation report, documenting the entire
valuation process, to be issued to the company.