Chuan Hup Holdings Limited

BackMay 22, 2006

>> PART I

1. Date of notice to issuer * 22-05-2006

2. Name of Substantial Shareholder * Third Avenue Management LLC, on behalf of numerous portfolios

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Interest 18-05-2006

2. The change in the percentage level From 7.93 % To 6.91 %

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Sale of Shares

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in the percentage level is the result of a series of transactions

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	86,332,700
As a percentage of issued share capital	0 %	7.93 %
No. of shares held after the change	0	75,256,000
As a percentage of issued share capital	0 %	6.91 %

Investor Relations