GLOBAL

We have been consistently recognised by the GNC Group for our growth rate and the quality of ourservice. In this regard, our subsidiary, Victoria House, has received the following awards for itssuccessful retailing efforts:±(i) ``Top Beat-Last-Year Store'' Award (1998)Awarded to Victoria House in respect of our GNC retail outlet located at Tampines Mall, forachieving BLY (Beat Last Year) of 135% (which represented a 135% growth in sales over theyear before).(ii) ``Store of the Year'' Award (1999)Awarded to Victoria House in respect of our GNC retail outlet located at Wisma Atria, for beingthe most outstanding GNC retail outlet internationally, in 1999.(iii) ``Million Dollar Store'' Award (2000)Presented to Victoria House in respect of our GNC retail outlet located at Wisma Atria, forachieving retail sales in excess of US$ 1 million for the relevant 12-month period assessed bythe GNC Group.(iv) ``Country of the Year'' Award (2001)Presented to Victoria House for being the greatest overall contributor to the GNC InternationalSystem by delivering the highest store sales, superior store merchandising and best customerservice in Singapore. It also opened the largest number of new stores in any one country forthe relevant 12-month period assessed by the GNC Group.(v) ``Highest Beat-Last-Year Country'' Award (2001)Presented to Victoria House at the May 2002 GNC Convention in Las Vegas. This award was inrecognition of Victoria House's good sales performance.SIGNIFICANT MILESTONES IN THE HISTORY OF OUR GROUPThe key milestones in the development of our Group are highlighted chronologically below:±1994 Victoria House was incorporated1995 Awarded the GNC franchise for SingaporeOpened our first GNC retail outlet in Singapore at Forum, The Shopping Mall1997 Nutri-Active was incorporated to commence the wholesale and distribution of nutraceuticalproductsStarted to develop and sell our proprietary brand, L.A.C., nutraceutical products1998 Awarded the exclusive distributorship of INC Pycnogenol in Singapore2000 Entered into a Development Agreement and exclusive Distribution Agreement with GNC Incin relation to MalaysiaEntered into a strategic alliance with the Dairy Farm Group to open GNC retail outlets inoutlets established by the Dairy Farm Group companiesOpened our first GNC store-in-store retail outlet at the Guardian Pharmacy outlet located atMalacca Centre2001 Opened our first GNC retail outlet in Malaysia in Mid Valley Mega MallEntered into a Development Agreement with GNC Inc in relation to BruneiMoved into our own premises at Ubi Crescent68