New Success in IPO Listings

CCIF was the reporting accountant for the successful listing of Rainbow Brothers Holdings Limited (stock code: 33) and Pan Asia Environmental Protection Group Limited (stock code: 556) on the Main Board of the Hong Kong Stock Exchange on 19 November 2007 and 21 December 2007, respectively. We congratulate both the companies and their Board of Directors on their successful listing.

Listing of Rainbow Brothers Holdings Limited
Listing of Pan Asia Environmental Protection Group Limited

Mr. Hugo Hui Kwan Wah, Chairman (middle),
Mr. Ng Chi Man, Director (second left), of Rainbow Brothers Holdings Limited, and Mr. Nickson Kwok,
Director of our company (second right)

Mr. Jiang Quanlong, Chairman and Executive Director of
Pan Asia Environmental Protection Group Limited (second left), Mr. Charles Chan, Managing Director (second right), and
Mr. Alan Wan, Associate Director (first right), of our company