ACCEPTANCE OF OFFER TO OPERATE A FOOD COURT AT THE GARDENS, MID VALLEY CITY LOCATED IN KUALA LUMPUR, MALAYSIA

The Company is pleased to announce that its wholly owned subsidiary T&W Food Junction Sdn Bhd has accepted the offer from Mid Valley City Gardens Sdn Bhd to operate a food court on the third floor of The Gardens located in Kuala Lumpur, Malayisa.

Mid Valley City, located on a 50-acre site along the Klang River, is a one-stop destination for shopping, dining, business and leisure catering to the sophisticated consumers from both Kuala Lumpur's city centre and south-western suburbs. Served by one light rail transit system, two railway lines and five regional road systems, Mid Valley has become a major nodal point in KL's urban framework and is superbly positioned to tap the on-going growth and fast-developing infrastructure of the region.

Mid Valley The Megamall a 4.5 million sq. ft. shopping centre complex in Mid Valley City. Since 1999, Mid Valley has been enhanced by the opening of the three-star Cititel Hotel, four-star Boulevard Hotel, Northpoint Mid Valley City (a development comprising office suites and residences) and the offering of one million sq. ft. of office space. The Megamall alone draws over 30 million visitors annually. Recent additions to The Megamall are two office towers right next to Menara IGB. On the pipeline, a convention centre with leisure and entertainment amenities will be added to Mid Valley City.

The Gardens is a new addition to Mid Valley City that contributes another six million sq. ft. of mixed-use development, encompassing hospitality, business, retail and leisure amenities. This is a five-star development that comprise of a high-end shopping centre, two luxury office towers, an All-suite Hotel and a five-star Gardens Hotel. The Gardens Hotel and The Gardens shopping centre are already opened for business. The Gardens is connected to The Megamall, and transforms Mid Valley City into a totally self-sustaining and vibrant city centre, and represents the most integrated mixed-use development in Malaysia and possibly the largest retail destination in Southeast Asia.

The Group operates a food court (approximately 17,000 sq.ft.) in The Megamall for the last 8 years since December 2000 and has been performing very well. The acceptance of another food court space in The Gardens with a floor area of approximately 17,000 sq ft will enhance Food Junction's presence in Mid Valley City. The Group expects the food court to be opened for business in the last quarter of 2008.

None of the Directors (and their associates) has any interest, direct or indirect, in the transaction. Neither are the Directors aware of any substantial shareholders having interest, direct or indirect, in the transaction.

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