| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 03/04/2008 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | Woodsville International Limited | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. | ||||||||||||||||||
| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Deemed Interest | 01/04/2008 | ||||||||||||||||||
| 2. | The change in the percentage level | From 75.92 % To 68.62 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others (a) Pursuant to the engagement letter dated 16 March 2008 between Surreyville Pte Ltd and Tiong Kiew Chiong, Francis, engaging Tiong Kiew Chiong, Francis as the advisor to Tan Sri Datuk Tiong Hiew King to assist in the corporate development, strategic planning and/or new business or project management relating to the Company, Surreyville Pte Ltd has transferred 5,000,000 ordinary shares in the Company to Tiong Kiew Chiong, Francis. (b) Pursuant to the engagement letter dated 16 March 2008 between Surreyville Pte Ltd and Lam Pak Cheong, engaging Lam Pak Cheong as the advisor to Tan Sri Datuk Tiong Hiew King to assist in the corporate development, strategic planning and/or new business or project management relating to the Company, Surreyville Pte Ltd has transferred 5,000,000 ordinary shares in the Company to Lam Pak Cheong. (c) Pursuant to the engagement letter dated 13 March 2008 between Surreyville Pte Ltd and Wellmax Consultants Ltd, engaging Wellmax Consultants Ltd as the advisor to Surreyville Pte Ltd to assist in the implementation and execution of the proposed acquisition of Kingworld Resources Ltd, as announced on 14 March 2008, Surreyville Pte Ltd has transferred 10,000,000 ordinary shares to Chan Cheuk Wah, as directed by Wellmax Consultants Ltd. |
||||||||||||||||||
| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | A series of transactions. | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
|
||||||||||||||||||||