The Board of Directors of Chuan Hup Holdings Limited wishes to inform
shareholders that the financial results for the Second Quarter ended 31 December
2008 and Half Year ended 31 December 2008 will show a significant loss.

The Group is expected to report a significant loss for the Second Quarter ended
31 December 2008 and Half Year ended 31 December 2008 primarily due to loss
on disposal of investments and mark-to-market devaluation of its investments in
quoted and unquoted securities. This is mainly attributable to the ongoing global
financial crisis.

Further details of the Group’s financial performance will be disclosed when the
Company announces its results on 13 February 2009.