New Engagements

Neo-China Land Group (Holdings) Limited ("Neo-China Land") (stock code: 563) is a large corporation engaging in real estate developments in China. Neo-China Land was founded in 1999. It became listed in 2003 on the main board of the Stock Exchange of Hong Kong. Neo-China Land has since become one of the major real estate operators in China, ranking 10th in profitability in 2007 among China's Top 100 Real Estate Enterprises and top ten same year in China's Mixed-ownership Real Estate Company Brand. Neo-China Land has developed over 20 large real estate projects in Shanghai, Beijing, Tianjin, Shenzhen, Chongqing, Xian, Changsha, Chengdu, Shenyang and Zhuhai, with total areas under development and in reserve reaching 15 million square metres. It has won over 20 prizes.

China Rare Earth Holdings Limited ("China Rare Earth") (stock code: 769) is one of the leading rare earth and refractory products manufacturers in China. It began its business in 1987 in the city of Yixing in Jiangsu Province as a rare earth separating factory. It has grown rapidly to become a recognised rare earth and refractory products manufacturer. It obtained the ISO9002 quality certification in January 1999. China Rare Earth was listed on the Stock Exchange of Hong Kong in October 1999. It is the first Chinese private enterprise engaging in the manufacture of rare earth and refractory products listed outside the Mainland. Its annual production capacity reaches 6,500 tonnes rare earth products and 100,000 tonnes refractory products. Fluorescent materials, polishing agents and high temperature ceramics are other major product lines of the group.

New Smart Energy Group Limited ("New Smart Energy") (stock code: 91) is principally engaged in the sale and distribution of piped natural gas in Mainland China and technology-related business. Natural gas business contributed 56% of the group's 2007 turnover, mainly from gas connection fee, sales of natural gas and sales of gas appliances. Technology-related business contributed 44% of the group's turnover, mainly from sales of electronic components. New Smart Energy is actively seeking opportunities for investments in coal-bed methane business and other energy-related businesses in Mainland China.

China Force Oil & Grains Industrial Holdings Co., Ltd. ("China Force") (stock code: 1194) is principally engaged in the production and sale of small pack edible oil and trading of edible oil and related products. It was founded in 1999 and listed on the main board of the Stock Exchange of Hong Kong in October 2004. It undertook a major business rationalisation exercise in 2007. In the foreseeable future, China Force aims to consolidate and develop pack oil business, and launch new brands and product lines at the right time so as to meet demands from different markets.