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
06-May-2006 14:41:59
Announcement No.
00004

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
PART I
1. Date of notice to issuer *
04/05/2006
2. Name of Substantial Shareholder *
FENG LI
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 Deemed Interest
28/04/2006
2. The change in the percentage level
from 45.00 % to 40.51 %
3. Circumstance(s) giving rise to the interest or change in interest
# Others
# Please specify details
IN RESPECT OF THE OVER-ALLOTMENT OPTION GRANTED BY MR GUO YINGHUI TO UOB ASIA LIMITED THAT HAS BEEN EXERCISED PARTIALLY, IN RESPECT OF 37,340,000 SHARES, SOLELY FOR THE PURPOSES OF COVERING THE BALANCE OF THE 37,440,000 SHARES WHICH HAD BEEN OVER-ALLOTTED IN CONNECTION WITH THE INVITATION, AND WHICH WERE NOT COVERED BY PURCHASES MADE ON THE OPEN MARKET UNDER THE PRICE STABILISING ACTION.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
NA
PART IV
1.Holdings of Substantial Shareholder , including direct and deemed interest :
Direct
Deemed
No. of shares held before the change116480000374400000
As a percentage of issued share capital14.0045.00
No. of shares held after the change116480000337060000
As a percentage of issued share capital14.0040.51
Footnotes
TOTAL ISSUED SHARE CAPITAL IS 832,000,000 ORDINARY SHARES AS AT 05/05/2006.
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