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

BackJan 17, 2008

Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest *

* Asterisks denote mandatory information

Name of Announcer *	OLD CHANG KEE LTD.
Company Registration No.	200416190W
Announcement submitted on behalf of	OLD CHANG KEE LTD.
Announcement is submitted with respect to *	OLD CHANG KEE LTD.
Announcement is submitted by *	CHEW MEI LI
Designation *	COMPANY SECRETARY
Date & Time of Broadcast	17-Jan-2008 17:54:23
Announcement No.	00077

>> Announcement Details

The details of the announcement start here ...

>> PART I

1. Date of notice to issuer * 17-01-2008

2. Name of Substantial Shareholder * Ng Choi Hong

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Interest 16-01-2008

2. The change in the percentage level From 10.00 % To 7.32 %

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Change in percentage of interest held after the Initial Public Offering ("IPO") of Old Chang Kee Ltd. ("Old Chang Kee").

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in the percentage level is not the result of a transaction or 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	6,840,000	54,720,000
As a percentage of issued share capital	10.00 %	80.00 %
No. of shares held after the change	6,840,000	54,720,000
As a percentage of issued share capital	7.32 %	58.59 %

Footnotes

(1) The percentage of shares held before the change is calculated based on 68,400,000 issued shares before the IPO of Old Chang Kee.
(2) The percentage of shares held after the change is calculated based on 93,400,000 issued shares after the IPO of Old Chang Kee.
(3) The IPO of the shares in the capital of Old Chang Kee was sponsored by Westcomb Capital Pte Ltd. Westcomb Capital Pte Ltd assumes no responsibility for the contents of this announcement.