ORCODA LIMITED — Major Shareholding Notification 2007

Nov 21, 2007

Form 603

Corporations Act 2001.
Section 6718

Notice of initial substantial holder

To Company Name/Scheme	SmartTrans Holdings Limited (SmartTrans)
ACN/ARSN	009.065.650
I. Details of substantial holder (1) Name	China Alarm Holdings Limited, a company incorporated under the laws of the British Virgin Islands (China Alarm), Ing Alexander Yim Leung (Alexander Ing), Slornaway Enterprises Limited and each of the entities listed in Annexure "A" (Stornaway Enterprises Limited Group Entities)
ACN/ARSN (If applicable).	NА
The holder became a substantial froider on	The 20th day of November, 2007

2. Datalls of voting power

The lotal humber of what allactied to all the volting shares in the company or volting interest in the scheme that the substantial holder or an associate (2) had a
(elevant interest (3) in on the date the sobstantial holde

Class of securities (4)	Number of securities	Person's votes (5)	Valing power (6)
Ordinary shares.	83,000,000	89,000,000	12.78% (based on. 649,644,711 ordinary shares on issue)

B. Detalls of relevant interests.

The nature of the relevent interest the substantial holder or an associate had in the following volling securities on the date the substantial holder became a substantial holder
are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
China Alarm	Relevant interest under section 608(1) of the Corporations Act 2001, being a relevant interest arising through China Alarm. being the registered holder and beneficial owner of the shares.	83,000,000 ordinary shares
Alexander Ing:	Relevant interest under section 608(3)(b) of the Corporations Act 2001, being a relevant interest held through a body corporate (China Alarm) that Alexander ing controls.	83,000,000 ordinary shares.
	Alexander ing is not entitled to be registered as the holder of the shares and his ability to vote or dispose of the shares is qualified accordingly.

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		Page 2/2 604.	15 July 2001
Stornaway Enterprises Limited	Relevant interest under section 608(3)(b) of the Corporations Act 2001, being a relevant interest held through a body corporate (China Alarm) that Stornaway Enterprises Limited controls.	83,000,000 ordinary shares
	Stornaway Enterprises Limited is not entitled to be registered as the holder of the shares and its ability to vote or dispose of the shares is qualified accordingly.
Each Stornaway Enterprises Limited Group Enlity	Relevant interest under section 608(3)(a) of the Corporations Act 2001, being a relevant interest held through a body corporate (China Alarm) in which the voting power of the relevant Stornaway Enterprises Limited Group Entity is more than 20%.	83,000,000 ordinary shares
	No Stornaway Enterprises Limited Group Entity is entitled to be registered as the holder of the shares and the ability of each Stornaway Enterprises Limited Group Eutity to vote or dispose of the shares is qualified accordingly.

1. Details of present registered holders
   The parsons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant inlerest	Registered holder of securities	Person entitled to be- registered as holder (8)	Class and number of securilles.
China Alarm, Alexander Ing, Sfornaway Enterprises Limited and each Stornaway Enterprises Limited Group Entity	China Alarm.	China Alam	83,000,000 ordinary -shares

1. Cönsideration
   The consideration paid for each relevent interest referred to in paragraph Setrove, and acquired in the four months prior to the day that the substantial holder become a substantial
   holder is as follows:

Consideration (9) Holder of Date of acquisition relevant interest				Class and number of securities
		'Cash	Non-cash
China Alarm	20/11/07	A\$0.038 per share	NI	83,000,000 ordinary shares
Alexander Ing	20/11/07	Nil	N u	83,000,000 ordinary shares
Stomaway Enterprises Limited	20/11/07	Nil	ŃІ	83,000,000 ordinary shares
Each. Stomaway Enterprises Limited Group Entity	20/11/07	Nil	Ni!	83,000,000 ordinary shares

604 Page 3/3 15 July 2001

1. Associates
   The reasons the persons named in paragraph 3 apove are associates of the substantial holder are as rollows:

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Neme and ACN/ARSN (if applicable)	Nature of association
China Alarm, Stornaway Enterprises Limited and each Stomaway Enterprises Limited Group Entity	These entities are all associates of each other by virtue of section 12(2)(a) of the Corporations Act 2001 as the entitles are related bodies corporate of each other.

1. Addresser
   The addresses of persons named in this form are as follows:

Name	Address
China Alarm	14/F Golden Centre, 188 Das Voeux Road, Central Hong Kong
Alexander Ing	Care of: 14/F Golden Centre, 188 Des Voeux Road, Central Hong Kong
Stomaway Enterprises Limited	Care of: 14/F Golden Centre, 188 Des Voeux Road, Central Hong Kong
Each Stomaway Enterprises Limited Group Entity	Care of: 14/F Golden Centre, 188 Des Voeux Road, Central Rong Kong

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	22.NOV.2007	12:21	FREEHILLS L36 61 2 93224000	.			NO 769	P.4
						-904	Páge 4/4	15 July 2001
	Signature	print name Raymond Chui				capacity Authorised Agent
		л sign here			date 20/11/2007
				DIRECTIONS
(Ĥ	form.		If there are a number of substantial holders with similar or related relevant linerests (eg. a composible and fis related corporations, or the manager and trusted of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group fi the membership of each group, with the names and addresses of members is deally set out in paragraph. 7 of the
(2)			See the definition of "associate" in section 9 of the Corporations Act 2004.
(8)			See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)			The volling shares of a company constitute one class unless divided into separate classes.
$\langle 5 \rangle$		The tolat number of voles altached to all the voling shares in the company or voling intensits in the scheme (if any) that the person or an associate has a fellowni Interest in
(5)			The person's votes divided by the fotal votes in the body corrorate or scheme multiplied by 100.
$\langle \vec{v} \rangle$	include datails of: any relevant agreement or offier circumstances by which the relevent interest was acquired. It subsection 671B(4) spolles, a copy of any document setting out (a) the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, schome or arrangement, must accompany this form, logether with a written statement certifying this contract, scheme or anangement, and
	(h)		any qualification of the hower of a parson to exercise, control the exercise of or influence the exercise of, the volting powers or dispessi of the securities to which the relevant inferest relates (indicating clearly the particular securities to which the qualification applies).
			See the delinition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8)			If the substantial holder is unable to determine the identity of the parson (eg. If the relevant interest anses because of an option) write "unknown".
(8)		the relevant interest was acquired.	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired hes, or may, bocome entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the trappening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not petrolivedly to the person from whom

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Annexure "A"

This is Annexure "A" of 1 page referred to in the Form 603 (Notice of Initial Substantial Holder), signed by me and dated 20 November 2007.

Raymond Chui

A

Stornaway Enterprises Limited Group Entities