The Board of Directors of TWPH wishes to announce that the Company proposes to seek its shareholders' approval for a renewal of mandate as well as an additional mandate for TWPH and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature at the forthcoming Annual General Meeting to be convened. The aforementioned recurrent related party transactions are in the ordinary course of business and carried out on normal commercial terms which are not more favourable to the related parties than those generally available to the public.

A Circular to shareholders containing the information on the Proposed Shareholders' Mandate will be issued in due course.

This announcement is dated 29 April 2011.