HDFIV Report Card @ 14 March 2008

Performance

This is the first performance report of Hengdai Equity Fund IV ("HDFIV") to fellow shareholders. KLCI was at 1,330.61 at date of commencement of HDFIV i.e. 3 March 2008. As at 14 March 2008, KLCI was recorded at 1,179, representing a drop of 11%. As HDFIV has not made any investments, the return is nil. NAV in the able is defined as the net asset value of HDFIV or in layman terms is how much the fund is worth.

Purchase

No purchases were made.

Sell

No investments were sold.