AGM Statement

    RNS Number : 9525A
  Natsun Holdings Limited
  08 August 2008
   

 For Immediate Release  8 August 2008


    Natsun Holdings Limited
    ("Natsun" or "the Company")

    Annual General Meeting : 2008
    & Trading Update

    Natsun Holdings Limited, (AIM:NTS), the integrated worsted fabric and garment producer, held its Annual General Meeting at Nanshan
Industrial Park, Longkou, China earlier today. All resolutions put to shareholders were duly passed.

    During the Annual General Meeting Mr. Song Jianbo, Natsun's Chairman, made the following comments: 

    "The flotation of Natsun marks a leap in the Company's development as we evolve further as a global supplier of quality textiles. Our
status as an AIM quoted company with improved corporate governance and financial controls has helped raise our profile with customers,
suppliers and employees and our new worsted wool factory will make us one of the leading compact spinning fabric manufacturers in China. We
have been able to market our brand name internationally, particularly in Europe, provide new funding capacity to expand the Company's
production facilities, and to incentivise key employees through the introduction of a share option plan. Our key focus will be to create
greater value for our shareholders going forward.

    "Although 2007 was a demanding year for us, particularly due to the increased wool prices, with the joint efforts of all staff, and the
support of our customers, we met our financial targets. 

    "As reported at the time of our full year results, announced in June, 2008, the current financial year continues to be demanding as the
challenges faced in 2007 such as cost demands continue. Whilst management are striving to take measures to alleviate these pressures over
the next few months the first half trading up to the end of June 2008 has been disappointing. The Company was loss making for the first 5
months of the financial year; however it expects to have fully reversed these losses during the month of June. The Board therefore expects
the Company to achieve a breakeven position for the six month period ended June 2008.

    "Natsun is due to announce its Interim results in September 2008. At this time the Board expects to provide a full update on current
trading and full year expectations."

    For further information please contact:

 EVOLUTION SECURITIES LIMITED         Tel No: [phone]
 (Nominated adviser)
 Bobbie Hilliam

 EVOLUTION SECURITIES CHINA LIMITED    Tel No: [phone]
 (Financial adviser and broker)
 Barry Saint 
 Esther Lee

 BUCHANAN COMMUNICATIONS               Tel No: [phone]
 Lisa Baderoon
 Mary-Jane Johnson
 Robin Haddrill


This information is provided by RNS
The company news service from the London Stock Exchange
 
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