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

BackApr 28, 2011
Part I
1. Date of notice to issuer 28/04/2011
2. Name of Substantial Shareholder Ng Choi Hong
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 Interest 21/04/2011
2. The change in the percentage level From 65.91 % To 64.99 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issue of 1,317,400 new shares pursuant to the exercise of warrants by warrantholders.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 6840000 54720000
As a percentage of issued share capital 7.32 % 58.59 %
No. of shares held after the change 6840000 54720000
As a percentage of issued share capital 7.22 % 57.77 %
Footnotes (1) The percentage of shares held before the change is calculated based on 93,400,000 issued shares of Old Chang Kee Ltd. (the "Company").

(2) The percentage of shares held after the change is calculated based on 94,717,400 issued shares of the Company.

(3) The change in interests is due to an increase in the Company's issued share capital to 94,717,400 as at 21 April 2011, due to the issue of 1,317,400 new shares pursuant to the conversion of warrants.

This announcement has been prepared by the Company and its contents have been reviewed by the company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Foo Quee Yin.
Telephone number: 6221 0271