Asset Management

DISCLOSURE OF DEALINGS 1. INTRODUCTION

Greenwoods Asset Management Limited ("Greenwoods") refers to the joint announcement by Synear Food Holdings Limited (the "Company") and Fortune Domain Limited (the "Offeror") on 15 October 2012 (the "Joint Announcement") in connection with the voluntary delisting of the Company from the Official List of the Singapore Exchange Securities Trading Limited pursuant to Rules 1307 and 1309 of the listing manual of the SGX-ST and the proposed exit offer (the "Exit Offer") by the Offeror to acquire all the issued ordinary shares in the capital of the Company ("Shares") held by all the Shareholders, other than those Shares already held, directly or indirectly, by the Offeror as at the date of the Exit Offer and Shares held by the Company as treasury shares.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement, unless otherwise expressly stated or where the context otherwise requires.

2. DEALINGS

Pursuant to Rule 12.1 of The Singapore Code on Take-overs and Mergers, Greenwoods wishes to announce the following dealings by Greenwoods in the Shares of Company on 14
January 2013:

(a)

Name

:

Greenwoods Asset Management

Limited

(b)

Total number of Shares Disposed

(% of issued capital of the Company)

:

76,044,440 Shares

(5.53%)

(c)

Consideration per Share (excluding

brokerage commission, clearing fees, stamp duty and GST)

:

S$0.1860

(d)

Resultant total number of Shares held by

Greenwoods Asset Management Limited (Resultant total % of issued capital of the Company)

:

6,612,560 Shares

(0.48%)

3. RESPONSIBILITY STATEMENT

The Directors (including any Director who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading. Where any information in this Announcement has been extracted or reproduced from published or publicly available sources or obtained from Greenwoods, the sole responsibility of the Directors has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, reflected or reproduced in this Announcement. The Directors jointly and severally accept responsibility accordingly.
BY ORDER OF THE BOARD

GREENWOODS ASSET MANAGEMENT LIMITED

Jinzhi JIANG Director
15 January 2013

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