| (1) |
Estimated
solely for the purpose of calculating the registration fee pursuant to Rule 457(o) of the
Securities Act of 1933, as amended (the “Securities Act”), based on an estimate
of the proposed maximum aggregate offering price. Pursuant to Rule 416 under the Securities
Act, the securities being registered hereunder include such indeterminate number of additional
shares of common stock as may be issued after the date hereof as a result of share sub-divisions,
share capitalization or similar transactions.
Includes
$240,000 of shares of common stock that may be issued upon exercise of a 45-day option granted to the underwriters solely to cover
over-allotments, if any.
The
shares of common stock being registered hereunder are in addition to the $9,200,000 of shares of common stock registered pursuant
to the Registrant’s Registration Statement on Form F-1 (File No. 333-290242). |
| (3) |
Represents
common stock issuable upon exercise of the Representative Warrants equal to 6.0% of the aggregate
number of shares of common stock being offered in this offering, at an exercise price equal
to 115% of the public offering price per share of common stock. Estimated solely for the
purpose of calculating the registration fee pursuant to Rule 457(o) of the Securities Act,
the proposed maximum aggregate offering price is $126,960, which is equal to 115% of $110,400
(6.0% of the proposed maximum aggregate offering price of $1,840,000). Pursuant to Rule 416
under the Securities Act, the securities being registered hereunder include such indeterminate
number of additional common stock as may be issued after the date hereof as a result of share
sub-divisions, share capitalization or similar transactions. Pursuant to Rule 416 under the
Securities Act, the securities being registered hereunder include such indeterminate number
of additional shares of common stock as may be issued after the date hereof as a result of
share sub-divisions, share capitalization or similar transactions.
The
shares of common stock being registered hereunder are in addition to the $634,800 of shares of common stock issuable upon exercise
of the Representative Warrants registered pursuant to the Registrant’s Registration Statement on Form F-1 (File No. 333-290242). |