1. During the period under review, the Industrial Business unit achieved an increase in turnover of 52%($14.3 million) from $27.6 million in 2000 to $41.9 million in 2001. The increase of $14.3 million was contributed by:

i. the inclusion of $7.7 million turnover of its UK subsidiary, Servelec Group Limited ("Servelec"). Servelec was not included in the first half-year 2000 results as it was acquired by the Group in July 2000;

ii. an increase in turnover of $6.1 million from its USA subsidiary, W-industries Inc. W-industries Inc had set up new offices in Lafayette, New Orleans and Baton Rouge, USA in the second half-year of 2000;

iii. an increase in the turnover of $0.5 million from the business unit's Asian operations.

During the period under review, the Company's subsidiary, eBworx Limited, recorded a 7% growth in revenue from $4.2 million in 2000 to $4.5 million. The net increase of $0.3 million was contributed by:

i. an increase in turnover of S$0.6 million from its Malaysian operations;

ii. an increase in turnover of $0.4 million from its Philippines operations;

iii. a decrease in turnover of $0.7 million from its Taiwan operations.

The turnover in its Singapore operations remain unchanged.

2. The foreign exchange gain is a combination of transactional gain, revaluation of advances to overseas subsidiaries and revaluation of loans from banks.

The Group does not have a foreign exchange hedging policy.