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News

Reduction In Authorised And Registered Capital Of Wholly Owned Foreign Enterprise

The Board of Directors of HLN Technologies Limited (the "Company" or "Group"), after considering the required working capital in HLN Metal (Suzhou) Co Ltd, a wholly owned subsidiary of HLN Metal Centre Pte. Ltd., deems it appropriate and would like to announce that the authorised and registered capital of HLN Metal (Suzhou) Co Ltd. has been reduced from US$1,000,000 each to US$700,000 and US$500,000 respectively in January 2009.

The reduction is not expected to have any material impact on the Group's revenue and profitability for the financial year ending 31 December 2009.

By order of the Board



Wa Kok Liang
Group CEO / Executive Director
4 February 2009