Appendix S – Law Suit by the former Chairman Bio-Treat Technology Ltd. Appoints Allen & Gledhill to Fight Suit by Former Chairman 10/27/2007 Bio-Treat Technology Ltd. announced that it has received the claim brought by former chairman Wing Hak Man in the High Court and has appointed Allen & Gledhill (A&G) to represent the company in the matter. It will now review the claim with A&G and will take steps to defend the allegations robustly. Mr Wing has made good on his threat to sue the company, filing papers against Bio-Treat and three of its officers, on the grounds that they conspired to defraud him of his shares in the company. He is suing for a potential loss of some $400 million, as well as interest, costs and damages to be assessed and has named Bio-Treat, former independent director Jerry Yip, current chief executive officer and executive director Dennis Chan as well as current independent director Kwok Chi-Shing as defendants in the lawsuit. Mr Wing is alleging that the defendants conspired to defraud him of his 30% stake in the company - which he estimates to have a market value of $400 million - through a complex series of actions. Among his claims, Mr Wing alleged that he was tricked by Mr Yip into signing documents later used to set up the Wing Family Trust that was used to fraudulently transfer Mr Wing's shares away from him and that his signature was forged on several notices which effected the transfer of his shares to some of the nominee companies in the trust structure. The suit also claims that Bio-Treat lodged false and misleading announcements with the Singapore Exchange, which gave the impression that Mr Wing knowingly divested his stake in the company and that his signature was forged to effect his resignation last October. Source: http://investin ...