22 JANUARY 2007)

IMPORTANT NOTE

This document is important. If you are in any doubt as to the action you should take, you should consult your

legal, fi nancial, tax or other professional adviser.

We have made an application to the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) for

permission to deal in and for quotation for all the existing Shares (the ?Shares?) in the capital of Unionmet

(Singapore) Limited (the ?Company?) and the new Shares (the ?New Shares?) which are the subject of this

Invitation. Such permission will be granted when our Company has been admitted to the Offi cial List of the

SGX-ST.

Acceptance of applications of the New Shares (as defi ned herein) will be conditional upon the SGX-ST

granting permission to deal in and for quotation for all of the existing issued Shares and the New Shares.

Monies paid in respect of any application accepted will, in the event such permission is not granted, be

returned to you at your own risk without interest or any share of revenue or other benefi t arising therefrom,

and you will not have any claim against our Company, the Manager, the Placement Agent or the Underwriter.

Quotation of and dealing in the Shares will be in Singapore dollars.

The SGX-ST assumes no responsibility for the correctness of any of the statements made, reports contained

or opinions expressed in this Prospectus. Admission to the Offi cial List of the SGX-ST is not to be taken as

an indication of the merits of the Invitation, our Company, our Subsidiaries, the existing issued Shares and

the New Shares.

A copy of this Prospectus has been lodged with and registered by the Monetary Authority of Singapore (the

?Authority?). The Authority assumes no responsibility for the contents of this Prospectus. Registration of this

Prospectus with the Authority does not imply that the Securities and Futures Act of Singapore, or any other

legal or regulatory requirements, have been complied with. The Authority has not, in any way, considered the

merits of the Shares and the New Shares, as the case may be, being offered for investment.

Investing in the Shares involves risks which are described in the section entitled ?Risk Factors? of

this Prospectus.

The PRC government announced the following regulations which adversely impact on our Group?s operations:- .

? On 14 September 2006, our export tax rebate of 13% was cut.

? On 19 December 2006, a 15% export tariff will be levied on our indium ingots exports with effect from

1 January 2007.

? On 22 December 2006, export permits are required for our indium ingots exports.

The cut on export tax rebate and the export tariff are expected to impact on our Group?s performance in

FY2007. Our Group?s profi t for FY2007 is expected to be signifi cantly lower than FY2005 and FY2006 if we

are unable to pass on most or all of the higher cost to our customers or generate suffi cient additional revenue

to make up for most or all of the higher cost.

The fi nancial impact in FY2005 and HY2006, assuming the regulations were effective during the fi nancial

periods, is set out on page 31 under the section ?Risk Factors? and page 100 under the section ?Prospects,

Business Strategy and Future Plans - Order Book and Trend Information?. Please refer to page 31 under

the section ?Risk Factors?, pages 99 and 100 under the section ?Prospects, Business Strategy and Future