The Board of Directors of Sinwa Limited ("the Company") is pleased to announce that listing of the shares of the Company on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX") will take effect from 9 a.m. on 13 January 2006 (the "Main Board listing").

The Company will be listed and quoted on the official list of the Main Board of SGX under the name "Sinwa" and cease to be quoted on the official list of the Stock Exchange of Singapore Dealing and Automated Quotation System ("SESDAQ") with effect from 13 January 2006.

Settlement for trades in shares of the Company will continue to be effected by book entries in the securities account which the buyers and sellers must continue to maintain with the Central Depository (Pte) Limited.

As at the date of this announcement, the Company have an authorised share capital of S$50,000,000 comprising of 1,000,000,000 ordinary shares of S$0.05 each, and an issued and paid up share capital of S$6,382,979.90 comprising of 127,659,598 ordinary shares of S$0.05 each.

The Main Board listing will have no effect on the financial position of the Company and its subsidiaries.