Samic Ltd. grown up under the name of CHC-Limited from very small paid up capital as of USD$65,000 in year 2005 and by year 2007 we had increased our paid up capital to USD$600,000. Our historic original philosophy we stance for is: to work with the poor and help the poor to get access to resources for poverty alleviation, we sacrificed a lot and also faced great challenges during our transformation. By year 2005, we only got break event point for our earning income. The year 2006 had brought us little incomes (USD$19,429) but year 2007 we earned 5.5 times greater than 2006 ,and year 2008 earned 2.2 times greater than 2007 profit was made.

Demonstrates its growing pace as given above Samic has indicated that it went very smoothly even though world financial markets have gone into deep crisis. However, the Board of Directors has regularly met and discussed relevant issues to advice Samic’ leadership about some special precaution measures. We plan to increase our paid up capital up to USD$1,300,000.00 by middle year of 2009.

The Board of Directors of Samic, I would like to express their appreciation to all shareholders and lenders who have demonstrated a very strong commitment to the wellbeing and steady growing of Samic for the year of 2008. Our development has all to do with their trusts and confident.

Our appreciation to the leadership of Samic, I truly believe that their works are very important. The recommendations of the board and policies have been strictly complied. The internal auditor sub-committee (within the board) has been developed and the internal auditor team has been established and demonstrated their competent professionally. The management aspects have been strengthening and staffs received on-going skills training based on the needs. The professional background and competent in the jobs is the strengths of the Samic leadership.

And also of our special appreciation and thanks (from our hearts) to all Branches and Sub- branches Managers, CAs’ supervisors and credit agents who are at the frontlines works so hard for the wellbeing of our MFI. We recognize those contributions well and we will continue to do everything we can to benefit mutually. On behalf of the Board of Directors I wish you all happiness and success in your works for years to come.

Truly yours,

Dr. Sok Thim

Chairman of the Board of Directors