| Part I | 
 
   
   | 1. | Date of notice to issuer | 24/09/2009 | 
 
   
   | 2. | Name of Director | Lee Chong Min | 
 
   
   | 3. | Notice Type | Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. 
 | 
 
   
   | Part II | 
 
   
   | 1. | Date of change of Interest | 22/09/2009 | 
 
   
   | 2. | Name of Registered Holder | Leap Forward Holdings Limited | 
 
   
   | 3. | Circumstance(s) giving rise to the interest or change in interest | # Others 
 Mr Lee Chong Min ceased to be deemed interested in the shares of Ying Li International Real Estate Limited held by Leap Forward Holdings Limited by virtue of Section 7 of the Companies Act as both Lee Chong Min and CMIA Capital Partners Pte Ltd no longer exercise control over Leap Forward Holdings Limited.
 | 
 
   
   | 4. | Information relating to shares held in the name of the Registered Holder | 
 
   
   |  |  
     
       
       | No. of Shares held before the change | 509,530,634 |   
       | As a percentage of issued share capital | 26.69 % |   
       | No. of Shares which are subject of this notice | 509,530,634 |   
       | As a percentage of issued share capital | 26.69 % |   
       | Amount of consideration (excluding brokerage and stamp duties) per share paid or received | 0 |   
       | No. of Shares held after the change | 0 |   
       | As a percentage of issued share capital | 0 % |  | 
   
   | Part III - Not Required | 
   
   | Part IV | 
 
   
   | 1. | Holdings of Director, including direct and deemed interest : | 
 
   
   |  |  
     
       
       |  | Direct | Deemed |   
       | No. of shares held before the change | 0 | 509,530,634 |   
       | As a percentage of issued share capital | 0 % | 26.69 % |   
       | No. of shares held after the change | 0 | 0 |   
       | As a percentage of issued share capital | 0 % | 0 % |  |