Company Profile For Lai Sun Development Co. Ltd.

Lai Sun Development Company Limited is a Hong Kong-based company. The Company operates in three business segments: property development and sales, which is engaged in property development for sale purpose and the sale of properties; property investment, which is engaged in the leasing of and sale of investment properties and property development for investment purpose, and hotel and restaurant operations, which is engaged in the operation of hotels and restaurants. Its subsidiaries include Gilroy Company Limited, Milirich Investment Limited, Oriental Style Limited, Starmate Team Limited and Transtrend Holdings Limited, among others.

BRIEF: For the fiscal year ended 31 July 2009, Lai Sun Development Company Limited's revenues decreased 21% to HK$649.7M. Net loss totaled HK$221M vs. an income of HK$1.01B. Revenues reflect decreased income from Hotel & restaurant operations segment and the absence of income from Property development & sales. Net loss reflects lower gross margins, the absence of gain on disposal of subsidiaries and decreased other income.