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Increase In Investment In Wholly-Owned Subsidiary

The Board of Directors of HLN Technologies Limited (the "Company") refers to the announcement released on 18 August 2009 and 14 September 2009 and wishes to announce that the Company had increased its investment in its wholly owned subsidiary, Sheung Ho (Singapore) Pte. Ltd. ("Sheung Ho (Singapore)") through the subscription of 999,998 ordinary shares, fully paid, for a total cash consideration of SGD 999,998.

Following the aforesaid subscription of shares, the issued and paid up capital of Sheung Ho (Singapore) has increased from SGD2 to SGD1,000,000.

The additional investment by the Company in Sheung Ho (Singapore) is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the current financial year.

None of the directors or controlling or substantial shareholders of the Company has any interest, direct or indirect, in the above transactions other than through their shareholdings in the Company.


By order of the Board


Cheong Weixiong
Group Chief Executive Officer