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01/08 Shareholder Letter
Shareholder Letter

January 23rd, 2008 - Chairman's Letter to Shareholders

Dear Shareholders,

As the new CEO and Chairman, I would like to take this occasion to thank shareholders for supporting the Company in its recent rights issue and to thank the previous management team and departed Board members for their contributions to the Company in resolving many longstanding corporate structure and legal issues.

Having restructured its Microgenix activities into a royalty-based business, AFT is now poised to rebuild its commercial activities through investments and new business developments.

I am, together with the Board, reviewing all of the Company’s current activities and potential new business opportunities in light of my goal and commitment to use shareholder funds to deliver sustainable and profitable long-term growth.

Yours Sincerely
Stone Wang
Chairman & CEO AFT Corporation Ltd