Regn. No. 200301838G

QUERIES FROM SGX ON THE SURGE IN SHARE PRICE & VOLUME TRADE

The Board of Directors of A-Sonic Aerospace Limited (the â??

was a surge in the trading of the Companyâ??s shares (â??Sharesâ??) on Monday, 9 September 2013.

Share price increased 107.9% to close at 13.1 cents today, compared to 6.3 cents as at the close on

last Friday, 6 September 2013.

The volume of Shares traded today was 103,567,000 Shares.

As a result of the surge in Share price and volume trade, the Stock Exchange (â??SGXâ??) raised the

following queries:Companyâ??) wishes to announce that there

SGX Query 1:

Are you aware of any information not previously announced concerning you (the issuer), your

subsidiaries or associated companies which, if known, might explain the trading?

- If yes, the information must be announced immediately.

Companyâ??s Response 1:

No, we are not aware of any information not previously announced concerning the Company, its

subsidiaries or associated companies.

SGX Query 2:

Are you aware of any other possible explanation for the trading?

Companyâ??s Response 2:

We are not aware of any information that had not been previously announced on 2 September 2013

regarding the aircraft leasing business. The seven (7)-paged announcement contained a

comprehensive explanation on the aircraft leasing business. The possible explanations could be the

following:

(a) The market has taken some time to evaluate, assess and understand the aircraft leasing

activity of the Company and its subsidiaries (the â??

(b) After evaluation and assessment, the market might have particularly taken into consideration

the following points:

(i) The A-Sonic Groupâ??s aircraft leasing business is unique in that it starts from the

acquisition of pre-owned airframe, assembling, retrofitting and/or upgrading of the

interior and systems, into airworthy and serviceable aircraft

(ii) To the best of our knowledge, there is no competitor in Singapore that engages in the

aircraft leasing of the aircraft type which includes the assembly of the airframe, the

aircraft engines, and the retrofit of the aircraft that the A-Sonic Group is involved in

(iii) The A-Sonic Group had fully financed the acquisition of airframe, aircraft engines and

components through internal resources. This indicates that cash out-flow has been

accounted for, and hence the leases should result in positive cash flow for the two (2)

aircraft which have been leased out

(iv) Another two (2) aircraft are at the final stage of being leased out

(v) With letters of intent signed to acquire another seven (7) airframes, one (1) aircraft and

three (3) aircraft engines, these indicate potentially that, the A-Sonic Group may have

the capability to sustain the aircraft leasing business and develop the economies of

scale

(vi) The future potential spin-off from the aircraft leasing business includes the following:

- One of our lessees has appointed us as an exclusive vendor and provider for aircraft

parts and system (â??

- To be one of the pre-qualified logistics and reverse-logistics service providers for our

lessees in respect of their logistics requirement for the aircraft engines and Aircraft

Parts & Systems.A-Sonic Groupâ??) Aircraft Parts & Systemsâ??) and

SGX Query 3:

Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Companyâ??s Response 3:

Yes, we confirm compliance with the listing rules and, in particular, listing rule 703.

ISSUED BY ORDER OF THE BOARD

Oh Seok Boon

Joint Company Secretary

9 September 2013