[YEAR 2008 / 4 th QUARTER The following discussion of our financial condition and results of operations should be read in conjunction with the accompanying financial statements. Overview We are a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a] [GLOBAL SOURCES LTD. AND SUBSIDIARIES At At December 31 December 31 2008 2007 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 70,225 $ 197,825 Available-for-sale securities 60,786 – Accounts receivable, net 6,025 6,665 Receivables from sales representatives 5,574 12,303 Inventory 1,306 1,108 Prepaid expenses and other current assets 16,513 15,333]