Shareholdings

Extracted from the Annual Report 2007

* Transpac Nominees Pte Ltd ("TNPL") is a wholly-owned subsidiary of Transpac Capital Pte Ltd ("TPC"), which is a direct investment manager based in Singapore. TNPL acts as the nominee for funds under the management of TPC. TNPL holds shares beneficially for Transpac Capital 1996 Investment Trust, Transpac Capital 1996 Parallel Investment Trust and Transpac Managers III Limited, which are funds that are managed by TPC.

TPC is deemed interested in all shares held by TNPL. TPC is owned by Techno-Ventures Hong Kong Limited and Bastion Associates Limited ("BAL") and through his shareholdings in BAL, Dr Christopher Leong Ka Cheong is deemed to be interested in all shares over which TPC has a deemed interest.

Percentage of Shareholdings in Hands of the Public

Based on information available to the Company as at 17 March 2008, approximately 51.66% of the issued ordinary shares of the Company is held by the public and, therefore, Rule 723 of the Listing Manual issued by the Singapore Exchange Securities Trading Limited is complied with.