Pine Agritech Ltd Transaction Overview Location Shandong, China Sector Food and biotechnology Date of Initial Investment October 2004 Type of Investment IPO restructuring exercise Date of IPO/Exchange May 2005/SGX Market Capitalization 1.2 billion USD Investment Status Current Exit Strategy Hold for medium to long-term capital gain Manufacturing and sale of soybean-based products, such as soy protein isolates, soy bean oil and soy oligosaccharide syrup. Head office is in PRC and has three products plants located in Linyi (Shangdong province), Fujin and Daqing (Heilongjiang province). Products are sold mainly to meat processing manufacturers, manufacturers of soybean oil, and retailers of soybean oil and soy oligosaccharide syrup. © Copyright 2007 Centurion Investment Management All Rights Reserved.