Change of Audit Committee

The Company announces that with effect from 27 January 2005, the composition of the Audit Committee will comprise:-

Mr Lee Ek Tieng (Chairman)
Mr Stephen Lee
Mr Nicky Tan Ng Kuang

All three directors are independent directors as defined in Clause 704(8) of the Listing Manual.

Submitted by Anthony Cheong Fook Seng, Company Secretary on 27 January 2005 to the SGX.