尊敬的股东，投资者和合作伙伴们: |
Dear Customer, On 16 June 2009, Combine Will International's Board of Directors announced that the Group's Moulds and Tooling business segment, through Altrust, is seeking a listing on the Korean Securities Dealers Automated Quotations or Korea Composite Stock Price Index (KOSDAQ). The proposed listing, which is expected to complete by first quarter of 2010, will be done through an initial public offering (IPO) of the shares of a newly-incorporated, wholly-owned subsidiary of Combine Will (the "Principal Subsidiary"), which will be constituted as the holding company of the Moulds and Tooling business segment. We believe that the proposed listing will add to the value and growth potential of our Moulds and Tooling business segment as it has reached a sufficient scale to justify a separate listing on KOSDAQ. Moreover, investors will also be able to evaluate the financial performance of this business unit more readily, and have the opportunity to invest directly in this business unit. We believe that our proven track record as one of the largest leading suppliers of plastic injection and die-casting moulds in Southern China will appeal to investors in South Korea. With a listing in Korea, our moulds and tooling business will be able to gain financial autonomy and directly access the capital markets in Korea to fund its existing operations and future expansion. With a higher profile, we believe that our moulds and tooling business will also be in a more strategic position to tap business opportunities in Korea as well, particularly, the heavy and light industries there. Please be assured that all this is done with our stakeholders' interests in mind. We would like to take this opportunity to thank all of you for your unwavering support, and we look forward to serving you better even as Altrust positions itself to achieve higher levels of growth. Yours faithfully, Koulman Zheng Executive Director Combine Will International Holdings Limited |