Walnut Capital Limited — Net Asset Value 2006

Sep 15, 2006

APEX CAPITAL LIMITED

(Incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as Apex Ding Yang Capital Limited)

(Stock Code: 905)

As at 31 August 2006, the unaudited consolidated net asset value per share of Haywood Investments Limited was approximately HK$0.058.

By order of the Board Haywood Investments Limited Huang Song Executive Director

Hong Kong, 15 September 2006

As at the date of this announcement, the Board is comprised of: Executive directors Mr. Zhou Chao, Mr. Phang Yul Cher Yeow, Ms. Huang Song and Mr. Chu Kin Wang Peleus; Non-executive directors Mr. Fong Chi Hou and Mr. Wang Yao Dong; Independent non-executive directors Mr. Liu Wing Ting Stephen, Ms. Lam Lin Chu and Ms. Tse Po Chu.

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

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