Walnut Capital Limited — Net Asset Value 2005

Jul 13, 2005

HAYWOOD INVESTMENTS LIMITED

(Incorporated in the Cayman Islands with limited liability) (Stock code : 905)

As at 30 June 2005, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.0919.

By order of the Board Haywood Investments Limited Mr. Tsun Kok Chung, Richard Executive Director

Hong Kong, 13 July 2005

At the date of this announcement, the Board is comprised of Mr. Zhou Chao, Mr. Tsun Kok Chung, Richard, Mr. Tai Ah Lam, Michael, Mr. Phang Yul Cher Yeow, as executive directors, Ms. Huang Song as non-executive director, Mr. Liu Wing Ting, Stephen, Mr. Hsieh Dominick and Ms. Lam Lin Chu as independent non-executive directors.

Please also refer to the published version of this announcement in The Standard.

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