Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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Tembusu Investments Limited (NOVA)

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Thursday 20 September, 2007

Tembusu Investments Limited

Half-yearly report

                           Tembusu Investments Limited
                           ("Tembusu" or the "Company")

               INTERIM REPORT FOR THE PERIOD ENDED 3OTH JUNE 2007

20 September 2007

CHAIRMAN'S STATEMENT

Dear Shareholder

I am very pleased to issue our first report to shareholders as a public company.
On  11  May  2007,  the shares of Tembusu Investments Limited were  admitted  to
trading on AIM, the "junior market" of the London Stock Exchange.  On Admission,
Tembusu  raised  £3  million  from Vantage Corporation  Limited,  an  investment
holding company, listed on the Singapore Stock Exchange.

Progress Since Admission

Our investment strategy is to identify and acquire quoted and unquoted financial
services  businesses  based in Asia (excluding Japan)  to  address  the  rapidly
growing  Far  Eastern  markets  for financial services.   Since  Admission,  the
Company  has been working hard on finding additional funds in order to  increase
the  potential size of acquisitions which can be targeted.  In the meantime, the
Board has also been actively searching for the right acquisition target that  it
believes will enhance shareholders' value in the Company.

Financial Results

The  financial statements in this interim report cover the interim period  ended
30  June  2007.   Most  of  our activities in this period  are  related  to  the
preparatory  work  for  the IPO and resultant closure of the  admission  process
which is reflected in the results.

Summary

I  would like to take this opportunity to thank all professionals, the Board and
other  people for their hard work to make the admission to AIM possible and  the
continuing contribution to the developments of the Company since its IPO.


Yun Zhang
Chairman and Chief Executive Officer

20 September 2007


For further information, contact:

Tembusu Investments Limited
Yun Zhang, Chairman and Chief Executive Officer   Tel:      + (65)6533 2233
Jonathan Rowland, Non-Executive Director          Tel:  +44 (0)20 7087 0780


ARM Corporate Finance Limited                     Tel:  +44 (0)20 7512 0191
Alan MacKenzie
Ian Fenn





TEMBUSU INVESTMENTS LIMITED
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30th JUNE 2007

                                                                From
                                                       Incorporation
                                                        to 30th June
                                                Notes           2007

                                                              £

Other operating expenses                                    (30,697)
                                                          _________
OPERATING LOSS                                              (30,697)
Bank interest receivable                                     25,259
                                                          _________
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION                  (5,438)
Taxation                                                          -
                                                          _________
RETAINED LOSS FOR THE FINANCIAL PERIOD                       (5,438)
                                                          =========
Loss per ordinary share (pence) - Basic           3           (0.01)
Loss per ordinary share (pence) - Diluted         3           (0.01)



TEMBUSU INVESTMENTS LIMITED
BALANCE SHEET AS AT 30th JUNE 2007

                                                           30th June
                                                                2007
                                                          (unaudited)
                                                 Notes
                                                               £

CURRENT ASSETS
Debtors                                                       7,102
Cash at bank and in hand                                  3,256,663
                                                          _________
                                                          3,263,765

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR             (127,642)
                                                          _________
NET ASSETS                                                3,136,123
                                                          =========
CAPITAL AND RESERVES
Called up share capital                                     600,000
Share premium account                                     2,541,561
Profit and loss account current year                         (5,438)
                                                          _________
EQUITY SHAREHOLDERS FUNDS                                 3,136,123
                                                          =========



TEMBUSU INVESTMENTS LIMITED
CASH FLOW STATEMENT FOR THE PERIOD ENDED 30th JUNE 2007

                                                                From
                                                       Incorporation
                                                        to 30th June
                                                                2007
                                                 Notes
                                                               £

Net cash inflow from operating activities          4         89,843
                                                          _________
Returns on investments and servicing of finance    5         25,259
                                                          _________
CASH INFLOW BEFORE FINANCING                                115,102

Financing                                          6      3,141,561
                                                          _________
INCREASE IN CASH IN THE PERIOD                            3,256,663
                                                          =========



RECONCILIATION OF MOVEMENTS IN EQUITY SHAREHOLDERS' FUNDS
FOR THE PERIOD ENDED 30th JUNE 2007

                                                                From
                                                       Incorporation
                                                        to 30th June
                                                                2007
                                               Notes
                                                               £

Loss for the period                                          (5,438)
Proceeds from issue of shares                             3,300,000
Costs of share issue written off to share
premium account                                            (158,439)
                                                          _________
Net addition shareholders' funds                          3,136,123
Opening equity shareholders' funds                                -
                                                          _________
Closing equity shareholders' funds                        3,136,123
                                                          =========



TEMBUSU INVESTMENTS LIMITED
NOTES TO THE INTERIM REPORT

1    The Company was incorporated in Bermuda on 21st March 2007 and was admitted
     to  the  AIM market of the London Stock Exchange ("AIM") on 11th May  2007,
     when  it  commenced its business.  The unaudited interim accounts  for  the
     period  ended  30th  June  2007 have been prepared  on  the  basis  of  the
     accounting  policies  expected to apply for the current  financial  period,
     under  the  historical  cost convention and in accordance  with  applicable
     accounting standards.

     The  financial  information contained in this report  does  not  constitute
     statutory accounts for the company within the meaning of section 240 of the
     Companies Act.

2    The directors do not recommend the payment of a dividend.

3    The  basic  and diluted earnings per share are based on the  loss  for  the
     financial period of £5,438 and the following weighted average number of shares
     in issue during the period ended 30th June 2007.

          Basic     60,000,000
          Diluted   60,000,000

4    Reconciliation of operating loss to net cash inflow from operating activities

                                                             £

     Operating loss                                       (30,697)
     Increase in creditors                                127,642
     Increase in debtors                                   (7,102)
                                                        _________
     Net cash inflow from operating activities             89,843
                                                        =========

5    Returns on investment and servicing of finance

                                                             £

     Bank interest                                         25,259
                                                        _________
     Net cash inflow from returns on investments and       25,259
     servicing of finance                               =========

6    Financing

                                                             £

     Proceeds from share issue                          3,300,000
     Costs of AIM flotation and share issue              (158,439)
                                                        _________
     Net cash inflow from financing                     3,141,561
                                                        =========

7    This  interim  statement  will  be sent to all  shareholders  and  is  also
     available from the company's head office at The Old Stables, Havilland Hall
     Estate, Rue a L'or, St Peter Port, Guernsey, GY1 1QG                                                                                                                                                               

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