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Subscription Of Shares In Soon Lian Hardware (M) Sdn. Bhd.

The Board of Directors of Soon Lian Holdings Limited (the “Company”) wishes to announce that the Company has subscribed for 500,000 ordinary shares of MYR 1/- each, fully paid in the share capital of Soon Lian Hardware (M) Sdn. Bhd. (“SLM”), a wholly-owned subsidiary of the Company for cash consideration. The said subscription is funded from IPO proceeds.

Subsequent to the said subscription, the issued and paid-up capital of SLM is MYR 1,000,000/- divided into 1,000,000 ordinary shares of MYR 1/- each.

The aforesaid transaction is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the financial year ending 31 December 2008.

None of the directors or substantial shareholders of the Company has any interest direct or indirect, in the above transaction.

By Order of the Board

Tan Yee Chin
Chairman and CEO

The initial public offering of the Company’s shares is sponsored by Phillip Securities Pte Ltd.

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