The Terms and Conditions printed below govern your access to and use of this website (the "Site") and all information, content and material contained on it (the "Information"). By accessing and using any part of the Site you will be deemed to have accepted these Terms and Conditions and the Privacy Policy. If you do not accept these Terms and Conditions and the Privacy Policy you must leave the Site immediately.

We strictly adhere to the requirements of data protection legislation in the UK. This Privacy Policy explains what personal information Hansen Holdings Ltd. ("Hansen Holdings", "we", "us" and "our") will collect and how we may use it. By accessing and using any part of this website (the "Site") you will be deemed to have consented to the collection, and use of your information in accordance with the terms of this Privacy Policy. If you do not consent to the processing of your information in accordance with the terms of this Privacy Policy you must leave the Site immediately. 1. Collection of Your Information The Site does not automatically capture or store personal information about you other than to log your IP address and some information about your current session including the date, time and duration of your visit to the Site and the nature of your browser. This information is only used for the compilation of statistics to asses use of the Site. If you contact us via the Site you will be asked to provide certain information, including your name, the company you work for, that company's address and telephone number and your e-mail address. Not all of this information is compulsory. Hansen Holdings may also collect information about you and your use of the Site from any correspondence with you. 2. Use of Your Information Where you have contacted us we may, where appropriate, use your information to respond to you and send you information which we believe may be of interest to you. We may contact you by telephone, post, fax or e-mail. In addition, Hansen Holdings may use and analyse the information it collects about you, in accordance with the provisions of the Data Protection Act 1998, so that it can administer, support, manage, improve and develop its business. If at any time in the future you no longer want us to process your information, please send an e-mail to privacy@hansen-holdings.com. 3. Disclosure of Your Information Your information will be held on computers in the UK and may be accessed by or transferred to Hansen Holdings's staff and third parties who act for us for the purposes set out in this Privacy Policy and for any other purposes approved by you. We may also pass aggregate information on the usage of the Site to third parties but this will not include information that can be used to identify you. Some of our staff to whom we may transfer your information are located outside of the European Economic Area. Countries outside the European Economic Area do not always have strong data protection laws. If Hansen Holdings enters into a joint venture or is sold to or merged with another business entity, your information may be disclosed to our advisers and any prospective business partners and purchasers and their advisers and will be transferred to the new business partners or owners. 4. Security and Retention of Your Information Hansen Holdings employs security measures to protect your information from access by unauthorised persons and against unlawful processing, accidental loss, destruction and damage . We will retain your information for a reasonable period of time or for as long as the law requires. 5. Accessing and Updating Your Information You are entitled to obtain details of the information that Hansen Holdings holds about you in return for payment of a fee. You may also ask us to make changes to this information to ensure that it is accurate and kept up to date. If you wish to do this, please send an e-mail to privacy@hansen-holdings.com 6. Contact For further information on this Privacy Policy, please contact Hansen Holdings, Suite 603, Goldfield Bldg, 2-44, Connaught Road West, Sheung Wan, Hong Kong. Email: privacy@hansen-holdings.com 7. General There is no guarantee that any e-mail sent to Hansen Holdings will be received by us, or that the contents of any such communication will remain confidential during Internet transmission. Any third party sites to which the Site carries links are not covered by this Privacy Policy and Hansen Holdings is not responsible for, and makes no representations or warranties about, any such links or the availability, content or security of such sites. Hansen Holdings reserves the right in its absolute discretion and from time to time to make any changes to this Privacy Policy without notice. Any amendment to this Privacy Policy will be immediately effective upon posting on the Site and your continued use of the Site following any such change will constitute your acceptance of such amendment. If any provision of this Privacy Policy is held to be illegal, invalid or otherwise unenforceable that shall not affect the legality, validity or enforceability of the remaining provisions, which shall remain in full force and effect. This Privacy Policy is subject to English law and to the exclusive jurisdiction of the English courts. Issue Date: December 2006

1. Use of the Site 1.1 You may only use the Site and the Information for your personal, non-commercial use. You are permitted to download and print extracts from the Information, for your personal non-commercial use, provided that: 1.1.1 you do not modify the Information or any part of it including, without limitation, any documents or related graphics; 1.1.2 you do not use any graphics separately from any accompanying text; and 1.1.3 Hansen Holdings's copyright and trade mark notices and this permission appear in all copies. 1.2 You may not use the Site in any way which may interfere with or prevent the proper working of the Site. 1.3 Except as provided in clause 1.1, you may not use, download, sell, licence, store, copy, modify, reproduce, republish, distribute, post or transmit in any other way or on any media the Information or any part of it without our prior written consent. 2. Intellectual Property All intellectual property rights in, to and in respect of the Information and the Site (including, without limitation, any copyright in text, graphics, photographs and the software used to operate the Site and any trade marks, trade names and logos) are and remain the property of Hansen Holdings or its licensor's. 3. Disclaimer 3.1 The Information is provided for general information purposes only and on an "AS IS" and "AS AVAILABLE" basis. The Information does not constitute an offer, invitation or advice to buy, sell, hold, underwrite, subscribe or otherwise deal in any security or other investment, nor does it constitute investment advice. Advice from a suitably qualified professional should always be sought before making an investment. 3.2 Hansen Holdings shall not be responsible for any errors, omissions or inaccuracies in the Information, or for the unavailability or non-performance of the Site, or for any viruses which may infect your computer equipment, software, data or other property as a result of your access to or use of the Site. We make no commitment and disclaim any duty to update, correct or provide notice of any changes, errors, omissions or inaccuracies in the Information. You understand that use of the Site and the Information is entirely at your own risk. 3.3 Hansen Holdings does not give any representations or warranties as to the accuracy, suitability, reliability, fitness for purpose, timeliness or completeness of the Information or any part of it, or of the security or performance of the Site. All implied conditions, warranties, representations, terms and duties whether arising by statute, common law or otherwise and whether in contract, tort or otherwise are hereby excluded to the fullest extent permitted by law. 3.4 Hansen Holdings shall not be liable whether in contract, tort (including negligence) or otherwise to any person for any claims, liabilities, losses, costs, expenses, demands or damages of any kind arising out of or in connection with the use of, or the inability to use, the Site and/or the Information or any part of the same (including, without limitation, any direct, indirect, special, incidental or consequential losses, loss of profits or any other economic loss of any kind) and whether or not we have been advised of the possibility of such claims, liabilities, losses, costs, expenses, demands or damages to the fullest extent permitted by law save that nothing in this clause 3.4 shall exclude or limit Hansen Holdings's liability for death or personal injury caused by its negligence. 4. General 4.1 There is no guarantee that any e-mail sent to Hansen Holdings will be received by us, or that the contents of any such e-mail will remain confidential during Internet transmission. 4.2 Any third party sites to which the Site carries links are not covered by these Terms and Conditions and Hansen Holdings is not responsible for, and makes no representations or warranties about, any such links or the availability, content or security of such sites. 4.3 Hansen Holdings reserves the right in its absolute discretion and from time to time to make any changes to any parts of the Site, the Information or these Terms and Conditions without notice. Any amendment to these Terms and Conditions will be immediately effective upon posting on the Site and your continued use of the Site following any such change will constitute your acceptance of such amendment. Access to the Site may be suspended or terminated at any time without notice. 4.4 If any provision of these Terms and Conditions is held to be illegal, invalid or otherwise unenforceable that shall not affect the legality, validity or enforceability of the remaining provisions, which shall remain in full force and effect. 4.5 These Terms and Conditions are subject to English law and to the exclusive jurisdiction of the English courts. Issue date: December 2006