Dear Shareholders,

2008 was a year of achievements and consolidation for EMS Energy.  We redefined what it means to be an engineering solutions provider with cutting-edge capabilities and a tradition of customer excellence, to position ourselves as a global player with greater value add services for our customers in the oil and gas industry.  In addition, significant steps were taken to revitalize our Environmental and Water businesses to make us more competitive in the lucrative water and wastewater treatment industry.
 
Over the year, EMS set in motion several strategic realignment and M&A activities to augment profitable segments of the business and streamline other operations. The acquisition of Oilfield Services & Supplies Pte Ltd was made to introduce drilling tools and related services to strengthen our offering to our oil and gas industry customers. We also expanded our geographical footprint with key strategic alliances in markets where our customers are operating.
 
The Group produced solid revenue growth in 2008 with an experienced and visionary Board and senior management at the helm, and supported by dedicated EMS Energy employees. Even as we face tougher market conditions in 2009, we are confident in the strength of our corporate strategy, brand and reinvigorated business units to deliver consistent performance and value to our shareholders.

Yours Faithfully

TING TECK JIN
EXECUTIVE CHAIRMAN AND CEO