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China XLX Fertiliser Ltd

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INDEPENDENT AUDITORS’ REPORTTo the Members of <strong>China</strong> <strong>XLX</strong> <strong>Fertiliser</strong> <strong>Ltd</strong>.OpinionIn our opinion,(i)(ii)the consolidated financial statements of the Group and the balance sheet and statement of changes inequity of the Company are properly drawn up in accordance with the provisions of the Act and SingaporeFinancial Reporting Standards so as to give a true and fair view of the state of affairs of the Group and ofthe Company as at 31 December 2008, and the results, changes in equity and cash flows of the Group andthe changes in equity of the Company for the year ended on that date; andthe accounting and other records required by the Act to be kept by the Company have been properly keptin accordance with the provisions of the Act.Ernst & Young LLPPublic Accountants andCertified Public AccountantsSingapore31 March 2009Annual Report 200840

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