Thursday, February 21, 2008

Webel-Sl Energy - Outcome Of Board Meeting

Webel-Sl Energy Systems Ltd has informed that the Board of Directors of the Company at its meeting held on February 20, 2008, has conducted the following business:

1. Rescinded the resolution passed in the Board Meeting held on January 31, 2008 to acquire 100% shares of the Singapore Joint Venture Company Micro Power Trading Co. Pte Ltd.

2. Cancelled the Extra-ordinary General Meeting scheduled to be held on March 24, 2008. The notice of the Extra-ordinary General Meeting scheduled to be held on that date for approval of the proposal as discussed earlier was not dispatched.

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