SGX Announcement

PINE AGRITECH LIMITED
Thursday, 22nd November 2007

>> PART I

1. Date of notice to issuer * 22-11-2007

2. Name of Director * Li Zhuping

3.	Please tick one or more appropriate box(es): *
	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Deemed Interest 22-11-2007

2. Name of Registered Holder Elite Union Corporation

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Puchases by married deal.

Elite Union Corporation ("EUC") is a wholly owned company of Mr Li Zhuping. Mr Li has deemed interest in Pine Agritech Limited through EUC.

4. Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	292500000
As a percentage of issued share capital	9.75 %

No. of Shares which are subject of this notice	36500000
As a percentage of issued share capital	1.22 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.305

No. of Shares held after the change	329000000
As a percentage of issued share capital	10.97 %

>> PART III

1. Date of change of [Select Option]

2. The change in the percentage level From % To %

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Director , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	292500000
As a percentage of issued share capital	0 %	9.75 %
No. of shares held after the change	0	329000000
As a percentage of issued share capital	0 %	10.97 %

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