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News

Incorporation Of Wholly-Owned Subsidiary

Further to our announcement dated 18 August 2009, the Board of Directors of HLN Technologies Limited ("the Company") wishes to announce that Sheung Ho (Singapore) Pte Ltd ("Sheung Ho (Singapore)"), a wholly owned subsidiary of the Company has incorporated Sheung Ho (Hong Kong) Company Limited ("Sheung Ho (Hong Kong)") on 26 August 2009. Sheung Ho (Hong Kong) is a wholly owned subsidiary of Sheung Ho (Singapore).

The issued and paid up capital on incorporation of Sheung Ho (Hong Kong) is HKD 2,500,000.00 and the principal activity is investment holding. The incorporation of Sheung Ho (Hong Kong) is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the year ending 31 December 2009.

No director or substantial shareholder of the Company has an interest, direct or indirect, in the investment.


By order of the Board


Cheong Weixiong
Group Chief Executive Officer