UOBVM leads US$5.5 million financing round for Unionmet (Singapore) Pte Ltd

Liuzhou, Guangxi, China, 25 November 2005
Unionmet (Singapore) Pte Ltd ("Unionmet"), a leading indium producer in PRC has closed a financing round totaling US$5.5 million. The investment was led by UOB Venture Management ("UOBVM"). UOBVM, through its ASEAN China Investment Fund ("ACIF") invested US$4 million of the financing round. Mr. Seah Kian Wee, Managing Director of UOBVM, has joined the company's Board of Directors.

Unionmet has 2 operating wholly-owned subsidiaries in Liuzhou, Guangxi, PRC; Guangxi Intai Technology Co., Ltd ("Intai") and Liuzhou Union Zinc Industry Co., Ltd ("Union Zinc"). Intai is an Indium producer and Union Zinc manufactures largely Zinc Oxide.