UPDATE ON THE RESTRUCTURING EFFORTS OF THE GROUP – STEPS TAKEN TO RECOMMENCE FINANCIAL REPORTING OF THE GROUP
1. Introduction 1.1 The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to refer to previous announcements made in relation to the restructuring efforts of the Group, and in particular the announcements made on 31 August 2017 and 2 October 2017 in connection with the application to the High Court of the Republic of Singapore (the "Court") under section 211(B)(1) of the Companies Act (Chapter 50) by the Company and its wholly-owned subsidiaries, Emas Offshore Pte Ltd and Emas Offshore Services