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

BackAug 24, 2009
Part I
1. Date of notice to issuer 24/08/2009
2. Name of Substantial Shareholder Salim & VAN (Shanghai) Investment Ltd ("SVIL")
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 20/08/2009
2. The change in the percentage level From 26.00 % To 45.38 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Restructuring involving companies in the Salim group, pursuant to which Parallax Venture Partners XXX Ltd ("PVP") shall acquire or has acquired shares in the Company representing 19.38% of the Company's total issued capital.

SVIL and its related corporation, Success Medal International Limited, hold more than 20% of the capital of Salim Wanye (Shanghai) Enterprises Co.,Ltd, which in turn has an interest in 100% of PVP's capital. Accordingly, SVIL is deemed to be interested in the said shares of the Company in which PVP is interested.
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 level 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 0 627,293,350
As a percentage of issued share capital 0 % 26.00 %
No. of shares held after the change 0 1,094,759,988
As a percentage of issued share capital 0 % 45.38 %
Footnotes Percentage is computed based on the Company's total issued capital of 2,412,482,556 shares as at 24 August 2009 and rounded to 2 decimal places.