Hong Leong Asia Ltd

The Board of Directors of Hong Leong Asia Ltd. (“HLA” or the “Company”) wishes to announce that Well Summit Investments Limited (“Well Summit”), a wholly-owned subsidiary of the Company, has purchased in the open market an aggregate of 299,007 ordinary shares of US$0.10 each in the capital of CYI (a company listed on the New York Stock Exchange), representing approximately 0.80% of the issued and paid-up share capital of CYI, for an aggregate cash consideration of US$4,448,808.90. The consideration was funded by a combination of internal funds and bank borrowings. Following the said purchases, the HLA group holds in aggregate 10,248,014 CYI shares (inclusive of 1 special share of US$0.10 in CYI) representing approximately 27.50% of the issued and paid-up share capital of US$3,726,767.40 comprising 37,267,673 ordinary shares and 1 special share of CYI as at 30 March 2010.