The Board of Directors of Kingsmen Creatives Ltd. refers to the announcement dated 29 June 2004 in relation to, inter alia, the proposed acquisition of 10% of the entire existing issued and paid-up capital of Kingsmen Indochina Pte. Ltd. and wishes to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") has granted its in-principal approval for the listing and quotation of the Consideration Shares on the Official List of the SGX-ST. The Company will make a further announcement when the Consideration Shares are issued and allotted.
The SGX-ST's in-principal approval is not an indication of the merits of the above proposed acquisition.