The Board of Directors of TWPH wishes to announce that the Company proposes to seek shareholders’ approval for a new mandate for TWPH and its subsidiaries to enter into several recurrent related party transactions of a revenue or trading nature at the forthcoming Extraordinary 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. This Proposed New Shareholders’ Mandate is in addition to the previous mandate approved by the shareholders at the Annual General Meeting held on 15 June 2009.

A circular containing the information on the Proposed New Shareholders’ Mandate will be issued in due course.

This announcement is dated 10 November 2009.