SINGXPRESS LTD.: NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	SINGXPRESS LTD.
Company Registration No.	198803164K
Announcement submitted on behalf of	SINGXPRESS LTD.
Announcement is submitted with respect to *	SINGXPRESS LTD.
Announcement is submitted by *	Wong Shui Yeung
Designation *	Chief Financial Officer
Date & Time of Broacast	22-Jan-2010 16:58:16
Announcement No.	00058
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	22/01/2010
2. Name of Director *	Chan Heng Fai
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	21/01/2010
2. Name of Registered Holder	Xpress Credit Limited at UOB Kay Hian Private Limited
3. Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	90,167,000
As a percentage of issued share capital	33.15 %
No. of Shares which are subject of this notice	100,000
As a percentage of issued share capital	0.04 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.045
No. of Shares held after the change	90,267,000
As a percentage of issued share capital

>> 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
4. 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	90,167,000
As a percentage of issued share capital	0 %	33.15 %
No. of shares held after the change	0	90,267,000
As a percentage of issued share capital	0 %	33.19 %

Footnotes

Chan Heng Fai ("CHF") is the spouse of Chan Yoke Keow ("CYK"). CYK beneficially owns Prime Star Group Co Ltd ("PSG"). PSG has the controlling interest in Xpress Group Limited ("XGL"). XGL is the holding company of China Credit Singapore Pte Ltd ("CCS") and CCS is the holding company of Xpress Credit Limited ("XCL"). CHF is deemed interested in the 90,267,000 shares held by XCL. This announcement has been prepared by the Company and the contents have been reviewed by the Company's Sponsor, Phillip Securities Pte Ltd, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange").The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Dawn Chua (Director, Corporate Finance), Phillip Securities Pte Ltd, 250 North Bridge Road, #06-00 Raffles City Tower, Singapore 179101, telephone [phone].