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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackApr 14, 2010
Part I
1. Date of notice to issuer 13/04/2010
2. Name of Substantial Shareholder Ye Qin
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 09/04/2010
2. The change in the percentage level From 9.57 % To 8.99 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Dilution of shareholdings as a result of a change in the Company's issued ordinary shares from 2,057,838,480 to 2,190,561,272.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in the percentage level is the result of the above.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 196,918,959
As a percentage of issued share capital 0 % 9.57 %
No. of shares held after the change 0 196,918,959
As a percentage of issued share capital 0 % 8.99 %
Footnotes (i) Ye Qin is deemed to be interested in the shares held by Litebay Pte. Ltd. in the Company as Ye Qin owns 100% issued and paid-up capital of Chedington Limited which in turn owns 100% issued and paid-up share capital of Litebay Pte. Ltd.

(ii) The percentage level (before the change) is calculated based on the Company's share capital of 2,057,838,480 as at 22 February 2010.

(iii) The percentage level (after the change) is calculated based on the Company's enlarged share capital of 2,190,561,272 shares as at 9 April 2010.


Note:

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Huong Wei Beng (tel: 65-6221 5590) at 79 Anson Road #15-03 Singapore 079906.