Cheung Woh sees record net profit of $17.4m in FY11

CHEUNG WOH TECHNOLOGIES LTD

(Company Registration No. 197201205Z)

Incorporated in the Republic of Singapore

PROPOSED BONUS ISSUE (“BONUS ISSUE”) OF 52,180,800 NEW ORDINARY

SHARES IN THE CAPITAL OF CHEUNG WOH TECHNOLOGIES LTD (THE

“COMPANY”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5)

EXISTING SHARES IN THE CAPITAL OF THE COMPANY HELD BY THE

REGISTERED SHAREHOLDERS AS AT THE BOOKS CLOSURE DATE TO BE

DETERMINED

Unless otherwise defined, capitalised terms used here shall have the same meanings as defined

in the Announcement.

The Directors of Cheung Woh Technologies Ltd (the "

released on 22 April 2010 (the “

alia,

Directors of the Company to issue shares passed by way of ordinary resolution at the Annual

General Meeting of the Company held on 26 June 2009.

As announced by the Company on 23 June 2010, all the resolutions set out in the Notice of the

Annual General Meeting dated 2 June 2010 were duly approved and passed at the Company's

Annual General Meeting held on 23 June 2010 (“

As the Bonus Shares are to be issued only after 23 June 2010, the Directors of the Company

have decided to issue the Bonus Shares pursuant to the general mandate granted to the

Directors of the Company to issue shares passed by way of ordinary resolution at the AGM

instead. The Company will accordingly make an application to the SGX-ST shortly for approval

for the listing and quotation of the Bonus Shares.

All other terms and conditions of the Bonus Issue remain unchanged from the Announcement.

By Order of the BoardCompany") refer to the announcementAnnouncement”) whereby the Company had announced, interthat the Bonus Shares are to be issued pursuant to the general mandate granted to theAGM”).

Law Yu Chui

Director

23 June 2010