Proposed Change of Auditors Of The Company

We act for and on behalf of Hua-An.

We wish to inform that Hua-An had on 24 March 2010 received a Notice of Nomination of Auditors and would like to seek shareholders' approval on the following proposed change of auditors of the Company at the forthcoming Fourth Annual General Meeting ("4th AGM"):-

"That Messrs. Morison Anuarul Azizan Chew be and are hereby appointed as Auditors of the Company in place of the retiring Auditors, Messrs. Anuarul Azizan Chew & Co. to hold office until the conclusion of the next Annual General Meeting at a remuneration to be agreed between the Directors and the Auditors."

The Auditors, Messrs. Anuarul Azizan Chew & Co. (an independent member of Morison International), retire at the forthcoming AGM and do not wish to seek re-appointment. The Company has received a nomination to appoint the firm under another name Messrs. Morison Anuarul Azizan Chew, as Auditors for the ensuing year. Messrs. Morison Anuarul Azizan Chew have expressed their willingness to accept nomination as Auditors and a motion to resolve their appointment will be tabled at the forthcoming AGM.

Approval Required

The proposed change of auditors of the Company is conditional upon the approval of the shareholders of the Company at the forthcoming 4th AGM of the Company.

Statement by Board of Directors

The Board having taken into consideration all matters relating to the proposed change of auditors of the Company is of the opinion that the aforesaid change of auditors is in the best interest of the Company.

This announcement is dated 24 March 2010.