Tat Seng Packaging G : The Proposed Investment To Acquire A 67% Equity Interest In The Registered And Paid-Up Capital Of A Joint Venture Company To Be Incorporated As A Sino-Foreign Joint Venture In The People's Republic Of China With Its Proposed Business Being Paper Boxes Production And Packaging

TAT SENG PACKAGING GROUP LTD Incorporated in the Republic of Singapore (COMPANY REGISTRATION NO.: 197702806M) (the "Company")

THE PROPOSED INVESTMENT TO ACQUIRE A 67% EQUITY INTEREST IN THE REGISTERED AND PAID-UP CAPITAL OF A JOINT VENTURE COMPANY TO BE INCORPORATED AS A SINO-FOREIGN JOINT VENTURE ("JV COMPANY 1") IN THE PEOPLE'S REPUBLIC OF CHINA WITH ITS PROPOSED BUSINESS BEING PAPER BOXES PRODUCTION AND PACKAGING (THE "JOINT VENTURE 1")

All capitalised terms used herein shall bear the same meaning as in the previous announcements dated 2 August 2011, 11 August 2011, 3 January 2012 and 20 January

2012 unless otherwise defined.

Further to the announcements dated 2 August 2011, 11 August 2011, 3 January 2012 and 20 January
2012 made by the Company in respect of the Joint Venture 1 and Joint Venture 2 between Shanghai
Yunyi Packaging Products CO., Ltd. (