UOBVM invests US$6 million in Sun International Holdings Pte Ltd

Chenjiagang, Jiangsu, China, 5 August 2005
Sun International Holdings Pte Ltd ("SUN"), a leading acrylic acid ("AA") & acrylic ether ("AE") manufacturer in PRC has closed a financing round totaling US$13 million. UOBVM, through its ASEAN China Investment Fund ("ACIF") invested US$6 million in the financing round. Other investors include SEAVI Advent and ICH Capital Private Limited. Mr. Seah Kian Wee, Managing Director of UOBVM, has joined the company's Board of Directors.

Sun International Holdings Pte Ltd has an operating subsidiary, Jiangsu Jurong Chemical Co. Ltd ("JJC") in Chenjiagang, Jiangsu. The funding injected will be used for Phase 3 of the expansion plan in the subsidary. SUN is expected to realize its vision to be one of the biggest AA & AE manufacturers in China by 2006 with the completion of the expansion plan.