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FABCHEM CHINA LIMITED

(Incorporated in Singapore)
(Company Registration Number 200413128G)


MISCELLANEOUS ANNOUNCEMENT

The Board of Directors (the "Board") of Fabchem China Limited (the "Company") wishes to update
the Shareholders that an exclusivity agreement has been entered into between the Controlling
Shareholders# of the Company with a third party in connection with a potential acquisition of shares in
the share capital of the Company.


The Controlling Shareholders of the Company have entered into final stages of negotiations with this
third party for the potential acquisition of shares amounting to not more than 29.9% of the shares in
the Company. Parties have agreed to reach an agreement on the terms of the acquisition by 16 January
2007, failing which the exclusivity agreement with this third party shall lapse.


The Company will make the appropriate announcement at the relevant time should circumstances
merit such an announcement. In the meantime, the Board wishes to make this announcement to avoid
the establishment of a false market in the Company's shares.


The Directors of the Company (including those who have delegated detailed supervision of this
announcement) have taken all reasonable care to ensure that the facts stated in this announcement are
fair and accurate and that no material facts have been omitted from this announcement, and they
jointly and severally accept responsibility accordingly.


The initial public offering for the shares of Fabchem China Limited was sponsored by HL BANK (the
"Manager"). The Manager assumes no responsibility for the contents of this announcement.


By Order of the Board


Dr Lim Seck Yeow
Non-executive Chairman

And in the weekend AFR Streettalk on page 45 the rumour is that its Dyno.