14th March 1998 BY FACSIMILE (2546 3910) CONFIRMATION BY U.S. MAIL Mr. Cheng Chao Ming Messrs. King Yuen Investment & Development Limited Rooms 1008-9, Shun Tak Centre, West Tower, Nos. 168-200 Connaught Road Central, Hong Kong. Re: Jensen International Development Limited CERTIFICATE OF TITLE Dear Sir, We thank you for your request to give you our written legal opinion on the chain of title in respect of the shareholding of Jensen International Development Limited ("the Company"). From our examination of the following company documents given to us including the following:- 1. Certificate of Incorporation of the Company No. 138104 dated 22nd June 1984; 2. Business Registration Certificate No. 09087851-000-06-97-7; 3. Annual Return of the Company for 1997 up to 22nd June 1997; We now certify that:- 1 1. The Company's issued shares comprise of $200,000 ordinary shares of Shares Beneficial Shareholders 1. 199,999 ordinary shares Cheng Chao Ming 2. 1 ordinary share Ching Wai Leung 2 2. By reason of the aforesaid, we can say that practically and in reality, Mr. Cheng Chao Ming is the actual and ultimate beneficial owner of the Company through its ownership in 199,999 ordinary shares of the Company and controls the Company. We trust the above will be useful to you. In case of queries, do not hesitate to let us know. Yours faithfully, Wilson L. Yeung & Co. 3