NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

* Asterisks denote mandatory information

Name of Announcer *
SUNSHINE HOLDINGS LIMITED
Company Registration No.
CT-140095
Announcement submitted on behalf of
SUNSHINE HOLDINGS LIMITED
Announcement is submitted with respect to *
SUNSHINE HOLDINGS LIMITED
Announcement is submitted by *
Foo Soon Soo
Designation *
Company Secretary
Date & Time of Broadcast
29-Jan-2007 12:14:40
Announcement No.
00020

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
PART I
1. Date of notice to issuer *
25/01/2007
2. Name of Substantial Shareholder *
Thousand Rainbow Limited
3. Please tick one or more appropriate box(es): *
PART II
1. Date of change of
Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of held before the change
As a percentage of issued share capital
% 
No. of which are subject of this notice
As a percentage of issued share capital
%
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital
%
PART III
1. Date of change of Interest
25/01/2007
2. The change in the percentage level
from 10 % to 9.3269 %
3. Circumstance(s) giving rise to the interest or change in interest
# Others
# Please specify details
Off market transaction
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
Change in the percentage level is a result of a transaction
PART IV
1.Holdings of Substantial Shareholder , including direct and deemed interest :
Direct
Deemed
No. of shares held before the change83,200,0000
As a percentage of issued share capital100
No. of shares held after the change77,600,0000
As a percentage of issued share capital9.32690
Footnotes
Total issue share capital is 832,000,000 ordinary shares as at 25/01/2007.

The Initial Public Offering of the Company's shares was sponsored by UOB Asia Limited
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