Chairman's Statement

Extracted from Annual Report 2008

I am pleased to present GMG Global Ltd’s Annual Report for FY2008. FY2008 has been a successful year for the Group and we have achieved the following major milestones

Sinochem became the major shareholder of the Group
Sinochem International Corporation (“Sinochem”), China’s leading natural rubber player, acquired a majority 51% stake in GMG through its whollyowned subsidiary, Sinochem International (Overseas) Pte. Ltd. Sinochem is a diversified international group specializing in the trading, manufacturing and transportation of chemicals, plastics, rubber and metallurgy products and has been listed on the Shanghai Stock Exchange since March 2000.

Upgraded to SGX Main Board
GMG upgraded to SGX Mainboard on November 4, 2008 to be in line with the Group’s plan to gain a broader platform for future growth and also to promote GMG to a more diverse group of investors who share the Group’s vision and excitement.

Looking Ahead
We believe that Asia will be the growth region and that GMG will derive economies of scale and increase competitiveness as the Group now has a ready-made access to a robust PRC market through Sinochem’s existing established network. GMG will also continue to engage cooperation with its current clients and partners, and to seek new niches in its European and American markets. GMG also seeks to grow and expand its operations by accelerating existing business plans and formulating new expansion plans in Africa and Asia, which include new land-bank and other developments in Africa as well as new investment opportunities for processing facilities in the South-East Asian region and Africa.

Dividend
I am very pleased to report that the Board has proposed a first and final onetier tax exempt dividend payout of 0.5 cents per ordinary share.

Appreciation
I would like to thank Mr. Yudson Gondobintoro, former Chairman of the Board, and Mr. Danny Lo, former board member, for their outstanding contributions to GMG. We are delighted to welcome Mr. Qin Hengde and Mr. Li Xuetao from Sinochem to the Board

Last but not least, to our shareholders, business partners, Board of Directors, management and staff, I thank you for your support and commitments.

Xian Ming
Chairman of the Board