Alternative energy is another area that the Group has identified as being an important driver for its future growth. With the world’s consumption of fossil fuels running at an all time high, the Group has embarked upon an ambitious and far-reaching program that will lead to the construction of wind-powered electricity generating stations in Heilongjiang, Northeastern China. In May 2005, the Group invested approximately HK$64 million (64% share) in registered share capital for Phase One of the new project. In July 2005, the Group reaffirmed its confidence in the enormous potential of alternative energy by investing an additional HK$75 million (75% share) in registered share capital in Phase Two of the project.

Such strategic business moves are sure to form the basis for the Group’s ongoing success in the years to come.