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Extracted from Annual Report 2007

"Work hard, stay humble and stay abreast of the times."

Dear Shareholders,

I am delighted once again to address you, our valued shareholder, that ASL Marine has achieved another record year in FY2007. It has taken us 33 years of hard work and patience to reach the point where we are today.

As the founder, my best reward has been experiencing the company's transformation from its humble beginnings. When we were listed on 17 March 2003, our primarily objective was to raise funds and build a business to last. This would not have been possible without your trust and support in us. With this, let me express my sincere gratitude to all of you.

'Work hard, stay humble and stay abreast of the times', this statement sum up the foundations of our success. Together with the support of all our business associates and shareholders, we would continue to generate lasting value for years to come.


Ang Sin Liu
Founder and Advisor