Announcement Of Resignation Of Chief Financial Officer

Resignation Details
Name	I Shu Te
Age	46
Effective Date of Resignation	01/05/2008
Detailed Reason(s) for resignation	Removed by the Board on the following grounds: - He is incompetent in carrying out his duties as a Chief Financial Officer ("CFO") of the Company; - He is uncooperative and has shown unwillingness in carrying out his duties as a CFO of the Company; and - He hampered the job and functions of the Chief Executive Officer and other management personnel and/or Directors.
Date of Appointment to current position	01/03/2008
Job Title	Chief Financial Officer
Role and responsibilities	Overseeing the Group's accounting and finance functions.
Does the AC have a minimum of 3 members (taking into account this resignation)?	Yes
Number of Independent Directors currently resident in Singapore (taking into account this resignation)	Two
Number of Resignations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months	Six
Other Directorship
Past Directorship (for the last five years)	Nil
Present Directorship	Nil
Shareholding in the listed issuer and its subsidiaries	Nil
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nil
Other Notes
Footnotes	Following Mr I Shu Te's removal, he does not represent the Company and/or the Group. The Board is actively sourcing for a suitable candidate with appropriate financial knowledge to assume the role of Chief Financial Officer. In the interim, the Finance Manager, Ms Wu Ai Ping, will oversee the Group's accounting and finance functions. The Chief Executive Officer, Ms Chan Fung Lan, will ensure the smooth discharge of duties of the Group's accounting and finance duties by Ms Wu Ai Ping during this transition period.