11. Did the IDC hold a board meeting to approve this transaction, and if yes, who chaired the said board meeting? A: As per IDC policy, all investments are subjected to the approval of the respective governance structures, including the Investments Committee of the Board and the Board of Directors. 12. How much has IDC paid for this transaction? A: The total consideration has since been fulfilled. 13. Was the payment made to the company (Marcopolo Tiles Company Limited) or to the personal accounts of individual shareholders? A: Payment was made to the company and to the original shareholders to the extent that they were selling down to accommodate the entry of new shareholders. 14. If the money was paid to individuals, how will property transfer tax be settled? A: The PTT is settled by the vendors as per standard practice and this was done prior to effecting the changes in shareholding at PACRA.