Singapore Today

• Singapore Airlines achieved a 1.7% YoY growth in systemwide passenger carriage (in revenue passenger
kilometres) while capacity (measured in available seat kilometres) reduced by 1.4% in June 2007. This led to
an overall improvement in passenger load factor of 2.5 ppt to 82.4%. The number of passengers carried rose
by 3.9% over the same month last year to 1.57 million. Overall cargo traffic (measured in freight tonne
kilometres) continued to register growth of 3.1%, which outpaced the systemwide capacity growth of 2.1%.
This resulted in a modest growth in cargo load factor of 0.6 ppt.

• ITE Electric Co has entered into a conditional sale and purchase agreement to acquire the entire issued and
paid-up share capital of Fanwo Electronic Company Limited, for an aggregate purchase consideration of
S$101,983,138, which is to be satisfied by the company issuing and allotting to the Vendors 7,656,391,710
new ordinary shares at an issue price of S$0.01332. Fanwo is principally engaged in the provision of IT and IT
related systems integration services and consultancy work in China. Upon Completion, the Vendors and their
concert parties will, in aggregate, hold approximately 99% of the enlarged issued and paid-up share capital of
the company.

• GMG Global guided that following a preliminary review of its performance, it does not expect the existing level
of performance in 2006 to be maintained in 2007 due to (1) lower yield and field production caused by
extremely bad weather conditions prevailing in 1H FY07, which had adversely affected sales and revenue; and
(2) higher operating costs as a result of higher Euro currency and the strengthening of the Singapore Dollar –
the reporting currency. The company will disclose further details when it announces its 1H FY07 results before
14 August 2007.

• EDMI Limited guided that during 1H FY07, it experienced the following issues, which have resulted in lower
sales and profitability: (1) delay in finalisation of significant orders from Thailand, Malaysia and the United
Kingdom - these orders have since been concluded and are in the process of execution at the close of 1H
FY07; and (2) design and supply issues delayed the production of the new single phase Mk 7 and the modified
Mk 10D. As of the close of 1H FY07, these problems have mostly been addressed and resolved. In view of the
above issues, the company’s sales and profits for 1H FY07 would be lower than that of 1H FY06. However, it
will remain profitable for FY07. The company will disclose further details when it announces its 1H FY07
results on 13 August 2007.

• MFS Technology guided that its sales for the third quarter ended 30 June 2007 ("3Q FY07") is expected to be
about 37% lower than the same period last year, primarily due to the decrease in orders from its major
customers in the flexible printed circuits business. As a result of the lower sales, the net loss for the 3Q FY07
is expected to be in the range of $2.5 million to $3.0 million. The declining backlog orders will have a negative
impact on the business prospect in the next quarter. The company however expects to remain profitable for
the full year ending 30 September 2007. It is scheduled to be release its 3Q FY07 results on 13 August 2007.

• Labroy Marine has signed two shipbuilding contracts worth US$23.6 million each with a German customer for
two units of 73.6 metres, 3,240 dwt platform supply vessels equipped with DP2 system. These vessels are
scheduled to be delivered in 2009. With these latest orders, the total outstanding order book value for 2007
onwards now stands at S$2.30 billion