Richly Field China Development Limited — M&A Activity 2008

Jul 22, 2008

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Website: http://unitedpacific.quamir.com

ANNOUNCEMENT IN RELATION TO DISCLOSEABLE ACQUISITION

Pursuant to Rule 13.09 of the Listing Rules, the Board is pleased to announce that Jade Technologies Holdings Limited obtained the unanimous approval of its shareholders for the proposed sale of Jade Precision Engineering Pte. Ltd. to the Company at its extraordinary general meeting held on 21 July 2008. The closing of the transaction is scheduled to be held on 28 July 2008.

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Reference is made to the circular of United Pacific Industries Limited (the “Company”) dated 20 March 2008 (the “Circular”) in relation to the Company’s discloseable proposed acquisition (“Proposed Transaction”) of the entire issued share capital in Jade Precision Engineering Pte Ltd (“JPE”). Capitalised terms used herein have the same meaning as used in the Circular unless otherwise defined herein or the context otherwise requires.

The Board is pleased to announce that Jade Technologies Holdings Limited (“JTH”) obtained the unanimous approval of its shareholders for the Proposed Transaction at its extraordinary general meeting held on 21 July 2008. The closing of the Proposed Transaction is scheduled to be held on 28 July 2008.

The Company will issue a further announcement regarding the closing in due course.

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At the date of this announcement, the Executive Directors of the Company are: Mr Brian C Beazer, Mr David H Clarke, Mr Simon N Hsu, Mr William Fletcher and Mr Patrick Dyson; the Non-Executive Director is: Mr Teo Ek Tor; and the Independent Non-Executive Directors are: Dr Wong Ho Ching, Chris, Mr Henry W Lim, Mr Ramon Sy Pascual and Mr Robert Machinist.

By order of the Board United Pacific Industries Limited Mr Brian C Beazer Executive Chairman

22 July 2008, Hong Kong

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