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News

Clarification Announcement

We refer to the announcement made by the Company on 2 December 2009 (No. 00055) with regards to the Proposed Debt Conversion. We wish to add that the announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Collins Stewart Pte. Limited for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Collins Stewart Pte. Limited has not independently verified the contents of the announcement. The announcement has also not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of the announcement, including the correctness of any of the statements or opinions made or reports contained in the announcement.

The contact person for the Sponsor is Mr Alex Tan, Managing Director, Corporate Finance, Collins Stewart Pte. Limited at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

By Order of the Board

Ding Zhiying
Executive Director and Chief Executive Officer

3 December 2009