Yellow Hat Ltd.

Asian Activities Report for November 22, 2011 includes: Dry-bulk shipping company Courage Marine Group Limited (HKG:1145) has signed an agreement with Zhejiang Zengzhou Ship Building Co., Ltd for the purchase of a newly-built Supermax-sized vessel for US$26.6 million; Blackwood Corporation (ASX:BWD) announces a JORC exploration target of 2.1-3.2 billion tonnes of thermal coal at South Pentland Project in Queensland; Invictus Gold Limited (ASX:IVG) announces the first results of the maiden drill programme at the Scartwater Prospect at its 100%-owned Drummond Basin Project in Central Queensland; Yellow Hat Limited (TYO:9882) and Idemitsu Kosan Co., Ltd. (TYO:5019) are currently discussing the formation of an alliance in wholesale, retail sales, and development of automotive accessory.