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TCEM has an authorized capital of RM100,000/- made up of 100,000 shares of RM1/- each and an issued and paid-up capital of RM2/- made up of 2 ordinary shares of RM1/- each.

The above formation has no material effect on the earnings and net tangible assets of the Group for the financial year ending 31 December 2006.

None of the directors or substantial shareholders has an interest, direct or indirect, in the formation of the new company.

This announcement is dated 10 July 2006.