1H08 net profit decreased by 21.9% to $3.1m on the back of an 18.6% rise in
revenue to $258.5m. In 1H07, net profit was $4m and the group had a $7.1m one time gain on its sale of its interests in Wintech Microelectronics while there was no such gain in 1H08.

�� Therefore, 1H08 actually did better than 1H07 if this one time gain was removed. On the other hand, 2H07 revenue was $258.2m and net profit was $3.3m.

�� The acquisition of Bull Will and increased stakes in several subsidiaries last year contributed to the expansion of product lines and range, new markets and customer base.

Business Outlook
The current state of the world economy is likely to affect the semiconductors and components distribution industry. Competition is very intense and proper
management of operating costs will continue to remain the key to success.