letter from dr gao, page-5

Cheers Dave,

I am in total agreement regards race and colour. It is the results and achievement which weigh more than the name of background. Working in Asia myself, I am very much aware that the Pauleen hanson factor years ago is still a topic of conversation, as well as how expensive Australia is for Asians these days. Come to think of it Australia is even expensive for Aussies...

I am concerned about lack of shareholders at AGM, and the lack of interest in asking questions. Many seem to forget it is their money at risk. Personally I like to know the ins and outs and ups and downs to the point it becomes annoying. My money..my self assurance.

Sorry to hear the food was not up to scratch.

On the voting issue, I hope there is no backlash for YTC holders. Personally I was comfortable with the past governance and already understood the Chinese representation was just that.

As for the company itself, I am quite happy and would love a pullback to low 40s to get more, but that is me being selfish and not realistic. If is did get to that it is because of European woes and not company itself.

At present...I feel they have a huge mammoth rather than an obese elephant, and one day the rest of the market will be wishing they were onboard. My target, once production begins is $2 per share or higher, but my only fear is YTC to be taken out within next 12 months. Hope I am wrong, as if it is taken out, that would only be around 70 to 80 cent region. (based on recent range) Hopefully too many large stakeholders for that.