We have been informed by Unichamp that, despite the extension of the deadline by another month, PK Lime had not fulfilled its commitments to secure the Government of Lao approvals of the necessary amendments to the Company’s Concession Registration Certificate allowing MCS Thailand to become a shareholder of Unichamp Lao nor to obtain the Government of Lao approvals for the setting-up of a lime plant at the Thakhek factory land and to grant a tax free holiday for a period of five years to Unichamp Lao pursuant the article 2.5.2 (iv-v) of the further amended and restated joint venture agreement signed on the 21st November 2014