Investment in Amould Plastic Industries Pte Ltd

The Board of Directors of Jurong Technologies Industrial Corpn Ltd ("Jurtech") refers to the

announcement on 25 and 29 January 2007 concerning the entry into by Jurtech of the agreement

(the "S&P Agreement") to acquire, from Ang Poh Hee and Ang Hock Soon (the "Vendors"), all

of the issued share capital in Amould Plastic Industries Pte Ltd ("Amould") and wish to announce

the following matters:-

Terms of the Acquisition

Consequent upon due diligence, the final aggregate consideration for the acquisition of Amould

has been finalised at S$4,094,787. The consideration will be fully satisfied by the issue of

approximately 3,495,260 new shares in Jurtech (the "Consideration Shares"), based on an agreed

price of Jurtech shares of S$1.10, with Consideration Shares being issued in equal proportion to

each of the Vendors; and an additional cash consideration of S$250,000.

The parties agree that a directors loan of S$1,582,943 owed by Amould to the Vendors will be

paid through the issuance of shares in Jurtech, at the price of S$1.10 per share. These shares will

be issued concurrently with completion of the above sale and purchase. Accordingly, for

purposes of discharging this loan, an aggregate of 1,439,040 shares (?Loan Shares?) in Jurtech

will be issued the Vendors in proportion to their relative proportion of the loan owed to each

Vendor.

These Loan Shares shall be subject to the following periods of moratorium against sale, disposal,

transfer, charge, pledge, mortgage or any other encumbrance:

· 20% of the Loan Shares shall not be subject to any moratorium;20% of the Loan Shares shall not be subject to any moratorium;

· 15% of the Loan Shares shall be subject to a moratorim for a period of 6 months from

completion of the sale and purchase (?Completion?);15% of the Loan Shares shall be subject to a moratorim for a period of 6 months from

completion of the sale and purchase (?Completion?);

· 15% of the Loan Shares shall be subject to a moratorim for a period of 12 months from

Completion;15% of the Loan Shares shall be subject to a moratorim for a period of 12 months from

Completion;

· 20% of the Loan Shares shall be subject to a moratorim for a period of 18 months from

Completion; and20% of the Loan Shares shall be subject to a moratorim for a period of 18 months from

Completion; and

· the balance 30% shall be subject to a moratorim for a period of 24 months from

Completion.the balance 30% shall be subject to a moratorim for a period of 24 months from

Completion.