Hyflux Ltd.

Hyflux Ltd. is engaged in investment holding and manufacturing of membrane systems. The principal activities of its subsidiaries comprised water, which includes seawater desalination, raw water purification, wastewater cleaning and ultra pure water production, and the design, build and sale of water/wastewater treatment plants and water recycling plants; industrial manufacturing processes includes separation, concentration and purification treatments for manufacturing process streams; specialty materials is engaged in the development and commercialization of specialty materials utilizing membrane technology, and energy is engaged in the development of membrane applications in resource recovery, waste recycling and energy reclamation. In December 2008, it completed the divestment of shares in three of its wholly owned special purpose vehicles to Hyflux Water Trust Management Pte Ltd. In January 2009, the Company acquired the remaining 30% interest in Hyflux CEPAration B.V. (HCBV).