| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 12/12/2008 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | Ren Jinhua | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Interest | 12/12/2008 | ||||||||||||||||||
| 2. | The change in the percentage level | From 5.38 % To 5.05 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others Transfer of the 228,000,000 treasury shares to Neptune Worldwide Holdings Financial Ltd dilutes the existing percentage of shareholding by Almond Beach Resources Corporation. By virtue of Section 7 of the Companies Act (Chapter 50 of Singapore), Ren JinHua is deemed to have an interest in the Shares held by Almond Beach Resources Corporation. |
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| 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 : | |||||||||||||||||||
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