Longcheer Holdings Ltd. reported unaudited earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported profit attributable to equity holders of the company was CNY 30.2 million or CNY 8.60 per basic share on revenues of CNY 897.0 million against profit attributable to equity holders of the company was CNY 48.9 million or CNY 13.06 per basic share on revenues of CNY 905.3 million for same period a year ago. Profit from operations for the period was CNY 41.1 million against CNY 51.7 million for same period a year ago. Profit before income tax for the period was CNY 42.6 million against CNY 55.0 million for same period a year ago. Net cash generated from operating activities for the period was CNY 85.0 million against CNY 119.1 million for same period a year ago. Purchase of property, plant and equipment for the period was CNY 2.2 million against CNY 5.2 million for same period a year ago.

The Board of Directors of Longcheer Holdings Ltd. announced the incorporation of a new subsidiary in China, known as Shanghai Mobell Technology Co., Limited. The principal activity of Mobell Shanghai is that of development, sales and distribution of mobile handsets, primarily to telecommunication service operators and other corporate users in China. The registered capital of Mobell Shanghai is CNY 30 million, with an initial paid-up capital of CNY 18 million. The remaining registered capital of Mobell Shanghai will be paid-up within the next 2 years.

Longcheer Holdings Ltd. announced that its annual general meeting of the company will be held on October 30, 2009 to declare a final dividend of SGD 0.018 per ordinary share, tax not applicable, for the financial year ended June 30, 2009. In 2008, the company has declared a final dividend of SGD 0.018 per ordinary share.