BURSA ANNOUNCEMENTS

Further to the Company’s announcements on 16 March 2009, 21 December 2009 and 6 May 2010, the Board of Directors of Taliworks wishes to announce that its subsidiary company, Puresino Guanghan had on 27 March 2013 received a Civil Judgement dated 26 January 2013 from the Sichuan Province High Court.
The High Court’s judgement are as follows:-
1. The Sichuan Deyang Intermediate People’s Court Civil Judgement (2010) No. 61 is overruled.
2. The management fees of RMB496,020 shall be borne by Puresino Guanghan and the 2^nd Defendant and payment shall be made within 10 days from the effective date of the said judgement to CESE3. If payment obligations are not fulfilled in accordance with the deadline of the judgement, double interest on the overdue shall be paid in accordance with the stipulation of Article 253 of the Civil Procedure Act of the People’s Republic of China.
3. All other claims by CESE3 and the Plaintiff are dismissed.
4. The first instance fee amounting to RMB77,885 consists of court fee of RMB72,885 and other litigation fees of RMB5,000. The aforesaid fees shall be paid as follows:-

(i) The plaintiff and Watson Environmental shall jointly bear the sum of RMB70,000;
(ii) Puresino Guanghan and 2^nd Defendant shall jointly bear the sum RMB7,000; and
(iii) CESE3 shall bear the sum of RMB885.

5. The second instance fee amounts to the sum of RMB72,885 and shall be paid as follows:-

(i) The plaintiff and Watson Environmental shall jointly bear the sum of RMB67,000;
(ii) Puresino Guanghan and 2^nd Defendant shall jointly bear the sum of RMB5,200; and
(iii) CESE3 shall bear the sum of RMB685.

The decision of the Court is final and is not expected to have a material financial impact on the financial results of the Group for the financial year ending 31 December 2013.

This announcement is dated 28 March 2013.