Resolutions Approved At Annual General Meeting

The Board of Directors of Asia Enterprises Holding Limited ("the Company") is pleased to announce that:

(1) at the Annual General Meeting ("AGM") of the Company held on 18 April 2008, all the resolutions relating to the matters as set out in the Notice of the Annual General Meeting were duly passed.

(2) Mr Lee Choon Bok was re-elected as a Director of the Company at the AGM under Article 104 of the Company's Articles of Association.

(3) Mr Teo Keng Thwan was re-elected as a Director of the Company at the AGM under Article 104 of the Company's Articles of Association.

(4) Mr Wong Chin Huat, David was re-elected as a Director of the Company at the AGM under Article 104 of the Company's Articles of Association and will remain as a Chairman of the Remuneration Committee, a member of both the Audit Committee and Nominating Committee and is considered to be independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.