Zhongxin Fruit (5EG) Annual Reports

The Company was incorporated in Singapore on 27 September 2002 under the name

of New Lakeside Holdings Pte Ltd. On 18 February 2004, the Company changed its

name to New Lakeside Holdings Limited. It is the holding company of Sanmenxia

Lakeside Fruit Juice Co Ltd (“Lakeside Fruit Juice”) and New Lakeside

(Sanmenxia) Co Ltd (“NLC”), both of which were incorporated in China.

The core business of the Group is in the production and sale of apple juice

concentrate. Lakeside Fruit Juice was established on 31 March 1997 and is an

apple juice concentrate producer in Henan province. Its apple juice concentrate

is mostly exported to trading companies and manufacturers which are

multi-national corporations in the food and beverage industry. Its apple juice

concentrate is used mainly in the production of packet juice beverage drinks

and as an ingredient in products such as soft drinks, cider, yoghurt and

candies.

NLC was formed on 8 November 2001 as a complementary business, to produce apple

pomace animal feed using the by-product generated from the production process

of apple juice concentrate. Its animal feed is mostly sold in China primarily

to dairy farms as food supplement for livestock and to animal feed

manufacturers as additives in their feed processing.

In 2004, the Group incorporated a new subsidiary, New Lakeside Fruit Juice

(Xuzhou) Co Ltd, for the production and sale of fruit juice concentrates and

apple pomace animal feed.

Change of Name:

New Lakeside Holdings Limited to Zhongxin Fruit and Juice Limited. Trading

under the new name with effect from 5 March 2013.