STATEMENT
BY DIRECTORS
In the opinion of the directors, the accompanying balance sheets, consolidated profit and loss statement, statements of changes in equity and consolidated cash flow statement together with the notes thereto are drawn up so as to give a true and fair view of the state of affairs of the Group and of the Company as at 31 December 2008, and of the results of the business, changes in equity and cash flows of the Group and changes in equity of the Company for the year ended on that date. At the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due.


On behalf of the board of directors:

Lim Chee Onn
Chairman
Singapore, 2 February 2009

Reggie Thein
Director