The Group’s improved performance in FY2008 reflects the dedicated commitment of the entire Kian Ann team in bringing the Group to greater heights.

Sustainability of growth will remain a key business objective. In FY2009, we will build on strong foundation which we have laid in FY2008.

While global economic growth has begun to slow down from the robust levels in FY2008, we are optimistic that the key sectors we serve should continue to show sustainable demand. In particular, we expect continuous demand for our parts from the mining and infrastructure sectors, in the rapidly developing economies of China, India, Indonesia, Middle East, Russia and South America.

Looking ahead, we will continue to focus on leveraging our sourcing abilities and broadening our product offerings. We will also intensify our efforts to retain existing customers, expand our current market share in more than 50 countries that we are distributing to, and tap in other emerging markets in Asia. We will also continue to seek synergistic investment opportunities to complement our existing core business.

Overall, barring unforeseen circumstances, we expect our business prospects in FY2009 to be positive, as we continue to focus on excellent execution of our operations and cost management while leveraging on the economies of scale and our unique core competencies.