First Natural (1076) on the run

(The case of the Chairman in hiding).

Update from provisional liquidators.

18th Feb:

UPDATE ON THE RESIGNED DIRECTORS

As stated in the Announcement, Mr. Yang, Mr. Ni and Mr. Lu (the “Resigned Directors”) tendered

their resignations as the Directors for personal reasons with effect from 12th December 2008. In their

resignation letters, the Resigned Directors only cited personal reasons for their resignations and had not

specified whether they had any disagreements with the Board nor were there any matters that needed

to be brought to the attention of the shareholders of the Company (the “Shareholders”). As such, the

Company was only able to announce their resignations based on the content of their resignation letters.

Since the appointment as Provisional Liquidators of the Company, Messrs. Stephen Liu Yiu Keung and

David Yen Ching Wai of Ernst & Young Transactions Limited (the “Provisional Liquidators”) have been

trying to contact the Resigned Directors but without much success. The Provisional Liquidators did,

eventually, manage to contact Mr. Yang on 6th February 2009. However, Mr. Yang did not elaborate

on the reason of his resignation nor did he indicate if there were any disagreements with the Board and

any matters that needed to be brought to the attention of the Shareholders. Currently, the Provisional

Liquidators are still trying to contact the other two Resigned Directors.