The Board of Directors of I-Power wishes to announce that except for Resolution No. 4, all the other resolutions as per the Notice of 9th AGM of I-Power dated 8 December 2011 were duly passed at the 9th AGM held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur held on Friday, 30 December 2011.

The Resolution No. 4 pertaining the re-election of Mr. Leou Thiam Lai ("Mr. Leou") as director of I-Power was not tabled for voting to the shareholders because Mr. Leou has informed the Company that he does not wish to seek re-election as Director of I-Power and he, therefore, ceased to be a Director of I-Power with effect from the conclusion of the 9th AGM held on 30 December 2011.

This announcement is dated 30 December 2011.