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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackDec 08, 2009
Part I
1. Date of notice to issuer 07/12/2009
2. Name of Substantial Shareholder (1) Bastion Associates Limited (2) Techno-Ventures Hong Kong Limited
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 04/12/2009
2. The change in the percentage level From 14.22 % To 13.99 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Exercise of warrants by other third parties.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in the percentage level is the result of a series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 20,422,670
As a percentage of issued share capital 0 % 14.22 %
No. of shares held after the change 0 20,422,670
As a percentage of issued share capital 0 % 13.99 %
Footnotes (i) Before the Change - the percentage of the Shares is calculated based on 143,626,148 Ordinary Shares issued as at 1 December 2009.
(ii) After the Change - the percentage of the Shares is calculated based on 145,961,804 Ordinary Shares issued as at 4 December 2009.
(iii) Bastion Associates Limited own 71% of Transpac Investments Limited ("TIL") and Techno-Ventures Hong Kong Limited own 29% of TIL. TIL is a substantial shareholder of Transpac Industrial Holdings Limited.