China Flavors and Fragrance Company Limited
(Stock Code:3318)
FINANCIAL HIGHLIGHTS REPORT FOR THE YEAR ENDED 31 DECEMBER 2007

The board of directors (the “Board” or the “Directors”) of China Flavors & Fragrances Co.,Ltd.(the “Company”) is pleased announce the financial highlights of the company for the year ended 31 December 2007.

FINANCAIL HIGHLIGHTS

.venue increased by approximately 47% to RMB 428.8 million

.Gross profit increased by approximately 41% to RMB 258.8 million.

.Profit attributable to equity holders of the Company increased by 25% to RMB 93.9 million.

.Basic earnings per share increased by approximately 11% to RMB 0.20.

.Final dividend per share increased by approximately 22% to HK 8.3 cents.