424B3 1 memo424b3digiwavetech.txt The Bank of New York 101 Barclay Street, 22W New York, NY 10286 USA August 15, 2007 SECURITIES & EXCHANGE COMMISSION 450 Fifth Street, NW Washington, DC 20549 Attn.: Document Control RE: American Depositary Shares evidenced by the American Depositary Receipts each representing Twenty Ordinary Share of Digiwave Technologies Ltd. (Form F6 File No. 333121747) Ladies and Gentlemen: Pursuant to Rule 424(b)(3) under the Securities Act of 1933, as amended, on behalf of The Bank of New York, as Depositary for securities against which American Depositary Receipts are to be issued, we attach a copy of the new prospectus (Prospectus) reflecting the change in number of ordinary shares represented by one American Depositary Share (the Ratio) as well as the name change to Naraewin Co., Ltd.. As required by Rule 424(e), the upper right hand corner of the Prospectus cover page has a reference to Rule 424(b)(3) and to the file number of the registration statement to which the Prospectus relates. Pursuant to Section III B of the General Instructions to the Form F6 Registration Statement, the Prospectus consists of the ADR certificate with revised name and ratio for Digiwave Technologies Ltd. The Prospectus has been revised to reflect the new name and ratio, and has been overstampted with: Effective August 14, 2007 the Companys name changed to Naraewin Co., Ltd. and the Ratio Changed from 1:20 (One ADS Representing Twenty Ordinary Share) to 1:1 (One ADS Representing One Ordinary Share) Please contact me with any questions or comments at 212 8152042 Dennis Chung Assistant Treasurer The Bank of New York Mellon ADR Division Encl. CC: Paul Dudek, Esq. (Office of International Corporate Finance)