Further to the Company’s announcement on 25 March 2010 (Ref No. CU-100325-64003), the Board of Directors of the Company wishes to announce that its wholly-owned subsidiary, Icon Line (Malaysia) Sdn Bhd (“Icon Line”) together with Mr. Dang Anh Binh had incorporated a joint venture company in Ho Chi Minh City, Vietnam known as Icon Freight Services Company Limited (“JVCo”).

The value of capital contribution in Icon Freight Services Company Limited by Icon Line is Vietnam dongs Two Hundred Fifty Five Million (VND255,000,000) only, representing 51% of the capital of Icon Freight Services Company Limited while Mr. Dang Anh Binh held the remaining Vietnam dongs Two Hundred Forty Five Million (VND245,000,000) or 49% of the capital via his Company, Dang Anh Binh Company Limited .

The business activity of the JVCo is services of goods transport agency, clearance service and other services which include examine bills of lading, brokerage cargo services and preshipment inspection.

Financial effects on the Investment in Vietnam

The investment is not expected to have a material effect on the earnings and net assets of the Company but is expected to contribute positively in the future.

Approval Required

The investment is not subject to approval of any relevant government authorities or shareholders.

Directors’ and Major Shareholders’ Interest

None of the Directors, major shareholders of the Company and/or persons connected with them has any interest, direct and/ or indirect in the said investment.

Statement by Directors

The Board of Directors of the Company is of the opinion that the above investment is in the best interest of the Company. The Board is not aware of any departure from the Securities Commission’s Guidelines arising from the investment.

The announcement is dated 6 April 2010.