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26 Nov 2009

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

Part I
1. Date of notice to issuer 26/11/2009
2. Name of Substantial Shareholder CMIA China Fund III L.P.
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 Interest 26/11/2009
2. The change in the percentage level From 13.43 % To 23.56 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

To facilitate the placement of 253,200,000 new shares of the Company, J.P. Morgan (S.E.A.) Limited ("JPM") entered into a share lending agreement dated 18 November 2009 with Leap Forward Holdings Limited ("LFH"), pursuant to which JPM had borrowed 253,200,000 existing shares from LFH for delivery to the placees, in settlement of the shares subscribed by the placees.

The Company has subsequently allotted and issued 253,200,000 new shares to LFH at the direction of JPM for the purpose of returning the borrowed shares to LFH. CMIA China Fund III Limited is deemed interested in the shares of the Company held by LFH by virtue of the provision of Section 7 of the Companies Act (Cap. 50).
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 256,330,634
As a percentage of issued share capital 0 % 13.43 %
No. of shares held after the change 0 509,530,634
As a percentage of issued share capital 0 % 23.56 %
  Direct Deemed
No. of shares held before the change 0 256,330,634
As a percentage of issued share capital 0 % 13.43 %
No. of shares held after the change 0 509,530,634
As a percentage of issued share capital 0 % 23.56 %