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NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

BackMar 26, 2008

Part I

Date of notice to issuer

26/03/2008

Name of Substantial Shareholder

Dr Tiong Ik King

Notice Type

Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.

Part II

Date of change of Deemed Interest

25/03/2008

Name of Registered Holder

Surreyville Pte Ltd

Circumstance(s) giving rise to the interest or change in interest

# Others

Pursuant to the placement agreement dated 17 March 2008 between the Company, HL Bank (the "Placement Agent") and Surreyville Pte Ltd ("Surreyville"), which was announced on 17 March 2008:-

(a) On 24 March 2008, Surreyville had lend 40,000,000 Shares by way of transferring to the end-placees to facilitate the early settlement of the new shares to end-placees procured by the Placement Agent; and

(b) On 25 March 2008, the Company had issued 40,000,000 new ordinary shares to Surreyville to complete the placement exercise.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	207,889,486
As a percentage of issued share capital	88.91 %
No. of Shares which are subject of this notice	0
As a percentage of issued share capital	0 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Shares held after the change	207,889,486
As a percentage of issued share capital	-

Part III - Not Required

Part IV

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	207,889,486
As a percentage of issued share capital	0 %	88.91 %
No. of shares held after the change	0	207,889,486
As a percentage of issued share capital	0 %	75.92 %
Footnotes	a) The percentage of issued share capital before change is based on the issued share capital of 233,821,443 shares (before Placement). b) The percentage of issued share capital after change is based on the enlarged share capital of 273,821,443 shares as at 25 March 2008. c) Dr Tiong Ik King's deemed interest arises from his shareholding in Woodsville International Limited, the holding company of Surreyville.