JES International Holdings Limited

(Company Registration No.: 200604831K)

EXTENSION OF TIME TO COMPLY WITH RULE 705(1) OF THE LISTING MANUAL

IN RESPECT OF THE ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS

FOR THE FULL YEAR ENDED 31 DECEMBER 2011

The Board of Directors of JES International Holdings Limited (the “Company”) wishes to

announce that pursuant to an application made by the Company to the Singapore

Exchange Securities Trading Limited (SGX-ST), the SGX-ST has confirmed that it has

no objection to the Company’s application for an extension of time (the “Extension of

Time”) until 15 March 2012 to comply with Rule 705(1) of the Listing Manual for the

Company to announce its unaudited financial results for the full year ended 31

December 2011 (the “Results Announcement”).

The approval from the SGX-ST is subject to:

(i) the Company announcing the period of extension granted, the reasons for

seeking the extension of time and the conditions as required under Listing

Rule 107 and

(ii) Submission of a written confirmation from the Company that it is not aware of

any information that will have a material bearing on Investors’ decision which

has yet to be announced by the Company.

The reasons for the Extension of Time are as follows:

(i) the current business environment facing the shipbuilding industry and the

operational conditions in the shipyard, the Company needs more time to collect

information and consider the need and adequacy of provision for liquidated and

ascertained damages as the delivery of certain vessels are delayed or expected

to be delayed beyond its respective due delivery dates and

(ii) the Company requires more time to reconcile and ensure the accuracy of the

work-in-progress accounts as there were differences between the numbers from

general ledger and the detailed worksheet

Baring unforeseen circumstances, the Company will announce its Results

Announcement no later than 15 March 2012.

In relation to condition (ii) above, the Company and the Board confirm that to the best of

their knowledge, they are not aware of any information that will have a material bearing

on Investors’ decision which has yet to be announced by the Company.

By Order of the Board

Jin Xin

Chairman and Chief Executive Officer

JES International Holdings Limited

(Company Registration No. 200604831K)

UNAUDITED FINANCIAL STATEMENTS FOR THE FULL YEAR ENDED

31 DECEMBER 2011

The Board of Directors of JES International Holdings Limited (the “

announce that due to (i) the current business environment facing the shipbuilding

industry and the operational conditions in the shipyard, the Company needs more time to

collect information and consider the need and adequacy of provision for liquidated and

ascertained damages as the delivery of certain vessels are delayed or expected to be

delayed beyond its respective due delivery dates and (ii) the Company requires more

time to reconcile and ensure the accuracy of the work-in-progress accounts as there

were differences between the numbers from general ledger and the detailed worksheet

in order to finalise the unaudited financial statements for the full year ended 31

December 2011.

The Company has notified the Singapore Exchange Securities Trading Ltd (“SGX-ST”)

on the aforesaid matter and has applied to SGX-ST on 29 February 2012 for an

extension of time in relation to Rule 705(1) of the Listing Manual which relates to the

requirement of the Company to announce its results for the full year ended 31 December

2011 to no later than 15 March 2012.

The Company will update on the outcome of the application to the SGX-ST.

For and on behalf of the Board

Jin Xin

Chairman and Chief Executive Officer