The Group is delighted to officially commission the new ShanDong golf club manufacturing facility, which will enable it to operate an enhanced platform designed specifically to meet the requirements of top tier golf clients. At the initial phase of operation, the new golf club manufacturing facility will start up mainly with the production of golf club heads. The shaft production and assembly operation will then follow during the second half of 2008. By end of 2008, productivity is anticipated to reach 100,000 units per month. Productivity will further be stepped up in the following year to achieve the targeted monthly capacity of over 200,000 units.