Update On China Property Division

Building works commencement ceremony attended by Changshu Lion Management, its consultants and main contractor, with Mr Loke Mun Kit, Changshu Lion General Manager and Mr Shen Yong Qing, Legal Representative of Main Contractor (6th and 5th from left respectively).

8 June 2009 marked the official commencement date of building works for "D’ Venice Residence" project in Changshu City, China by its main contractor, M/s Suzhou Yong Chun Construction Development Co., Ltd.

On 16 June 2009, an agreement for Main Building Contract was signed between Changshu Lion and Suzhou Yong Chun represented by the respective companies’ General Manager, Mr Loke Mun Kit (2nd from right) and Legal Representative, Mr Shen Yong Qing (2nd from left).

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