Investor Relations

Contents :

We refer to you letter dated 7th March 2006 in respect of the aforesaid matter, and would like to respond as follows:

1. Net tangible assets ("NTA") of DOH based on the latest audited accounts

The NTA of DOH as per the latest audited accounts dated 31st January 2005 was RM1,872,865. The Vendors have indicated that the NTA of DOH at the date of the Agreement is approximately RM4.0 million. Further as stated in the Share Sale Agreement dated 3rd March 2006, the Vendors of DOH irrevocable and unconditionally jointly and severally guarantee for the benefit of the Company that the NTA as disclosed to the Company is true and accurate and in the event upon the accounts being audited there is a variance or discrepancy of more than 20% in the reduction of the NTA as disclosed, the Vendors shall make good the difference by way of cash.

2. Particulars of all liabilities to be assumed by the Company arising from the acquisition

There are no liabilities or contingent liabilities, save as the amount disclosed in the audited accounts dated 31st January 2005. Total liabilities and contingent liabilities which the Company will assumed amounts to RM4,151,628 and RM213,622 respectively. These comprises of trade payables, other payables and accrual, hire purchase payables, term loan, taxation and bank overdraft.

3. Approval from relevant government authorities

The Company is in the process of getting the necessary approval from the Foreign Investment Committee in respect of the acquisition. We shall do the necessary announcement once the approval has been obtained.

4. The prospects and risk factor of the business to be acquired

The Board is of the opinion that the prospects of the business are encouraging. We believe DOH’s strong position in the market which caters to the higher end tourists will further enhance the leisure and hospitality business unit of the FBO Group. This is due to the fact that DOH is long established in the industry since 1992. Barring any natural calamities like SARS and the bird flu, the profitability of DOH should be maintainable in light of the established networking. Nevertheless, the Company is covered by the 3 (three) years profit guarantee provided.

5. The estimated time frame for the completion of the acquisition

Upon getting the approval from Foreign Investment Committee, we estimate that the acquisition will be completed in 3 (three) months times.

Query Letter Contents :

We refer to your announcement dated 3 March 2006 in respect of the aforesaid
matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:

Net tangible assets of Discover Orient Holidays Sdn Bhd based on latest audited
accounts;
Particulars of all liabilities to be assumed by the Company arising from the
acquisition;
Whether the acquisition is subject to the approval of relevant government
authorities;
The prospects and risk factors of the businesses to be acquired; and
The estimated time frame for the completion of the acquisition.
Please furnish Bursa Securities with your reply within two (2) market days from
the date hereof.
Yours faithfully
CHEE KAI MUN
Manager
Issues & Listing
Group Regulations
THY
Copy to : Securities Commission (via fax) (En Chung Tin Fah)