主席与总裁发表

On behalf of the Board of Directors we are pleased to present the annual report of HLN Technologies Limited
(“HLN”or the “Group”) for the year ended 31 December 2009 (“FY2009”).

Overview
In a year that began with the most difficult economic conditions ever faced by our industry, we are pleased to
report that the Group was able to emerge with another profitable result for FY2009. The ability of our Group to
achieve this in the face of significant losses in the first half of the year is a credit to the strength of our management
team and staff, and their swift actions to contain costs and restructure our businesses. Our performance improvement
in the second half was also due to a significant increase in demand for our elastomeric, polymeric and aluminum products.

As a result, the Group ended the year with a stronger balance sheet, reduced debt and a more competitive mix of businesses. We are financially healthier than ever. During the year our cash increased to $11.0 million, up from
$8.7 million in the prior year. This is equivalent to 8.9 Singapore cents per issued share.

Positioning for Growth
During the year, we continued to streamline our businesses, improve our operating structure and position our
resources to maximise future growth. Like many businesses, our profitability was affected by the economic
downturn, and net profit attributable to owners of the Company fell 28.4% to $355,000 in FY2009. However, due
to the success of some important initiatives described below, our Group looks to emerge from the crisis stronger
than ever. Swift action to restructure, re-engineer and streamline our businesses has left us with a stronger mix
of core businesses.

As compared to prior years, our business are servicing higher margin areas, are more competitive and better
positioned to take advantage of an economic upturn. The Group generated $4.8 million in cash from operations in FY2009, which far exceeded our net profit. Of this, $2.3 million was used to repay bank debt, and another $0.3 million
to repurchase our shares. During the year, we sold our entire 60% interest in Pri-V Group for an attractive gain.
We will continue to execute our restructuring program to craft an efficient business portfolio with a strong regional presence and positioned for growth.

Outlook
The Group faces many challenges as the global economy slowly emerges from the worst of the crisis. We will
continue to evaluate the effect of the economic and business environment on our business and earnings, taking
the necessary pre-emptive and precautionary steps to address prospective challenges and business risks.

The Group also intends to leverage our solid financial position and explore new business opportunities to enhance
long term shareholder value. These may include geographical expansion, mergers and acquisitions, divestment
and partnering with long term strategic investors that add depth and breadth to our business portfolio.

Dividend
To reward shareholders in view of our creditable results, the Board recommends a first and final tax exempt
dividend of 0.18 cent per share, up from 0.10 cent in the prior year.

Appreciation and Thanks
On behalf of the Board of Directors, we take this opportunity to thank our shareholders, management team,
business associates, all our staff and valued customers for your contributions, support and dedication towards
the Group in the past year. We look forward to your continuing support in the years ahead.

We also thank Mr Jovenal R Santiago who served as our Independent Director with dedication and distinction
since September 2005 for his invaluable contributions to the Board.

Mr Li AnhuaMr Cheong Weixiong, Jeff