"CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD ("Company")


Singapore, 8 March 2006 - Further to the Company's announcement on 3 March 2006, the Company wishes to announce that it has filed an application for the sanction of the Shareholders' Scheme of Arrangement at the High Court of Singapore yesterday.


The hearing of the Company's application has been fixed in the High Court of Singapore on 14 March 2006 at 10 am."