Proposed Shareholders' Ratification for Transations Already Entered Into From 26 March 2007 , I.e. the Date of Listing of the company Until Its Forthcoming Second Annual General Meeting -Proposed Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue Or Trading Nature -Proposed Authority to Purchase up to 10% of the Issued And Paid Up Ordinary Share Capital of the company - Proposed Amendments To the Articles of Association Of The Company

Announcement Details :

The Board of Directors of HUA-AN wishes to announce that the Company will be seeking approval from its shareholders for the following proposals at the forthcoming SecondAnnual General Meeting:-

a) Proposed shareholders' ratification for transactions already entered into from 26 March 2007, i.e. the date of listing of the Company until its forthcoming Second Annual General Meeting ("Proposed Ratification");

b) Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("Proposed Mandate");

c) Proposed authority to purchase up to 10% of the Issued and Paid-Up Ordinary Share Capital of the Company ("Proposed Share Buy-Back Authority"); and d) Proposed Amnedments to the Articles of Association of the Company ("Proposed Amendments").

A circular setting out the details of the Proposed Ratification, Proposed Mandate, Proposed Share Buy-Back Authority and Proposed Amendments will be dispatched to the shareholders of the Company in due course.

This announcement is dated 30 April 2008.