Bloks Group Limited — Capital/Financing Update 2007

Nov 6, 2007

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(Incorporated in Bermuda with limited liability)

(Stock code: 182)

ANNOUNCEMENT

Reference is made to the circular of the Company dated 13 July 2007 (the “Circular”). The Company would like to inform the Shareholders that no part of the First Tranche Convertible Note was converted on or before 31 October 2007.

Reference is made to the Circular of the Company, capitalised terms used in this announcement have the same meanings as those defined in the Circular of the Company unless otherwise stated.

The Company would like to inform the Shareholders that no part of the First Tranche Convertible Note was converted on or before 31 October 2007. As at 31 October 2007, the principal amount of the First Tranche Convertible Note remained at HK$100,000,000. During the month, 188,000,000 ordinary Shares of per value of HK$0.01 each of the Company were issued upon the conversion of certain Preferences Shares (“Conversion”). As at 1 October 2007, the number of issued Shares was 3,760,379,669. After such Conversion and as at 31 October 2007, the number of issued shares was 3,948,379,669.

As at the date of this announcement, the Board comprises Mr. Ko Chun Shun, Johnson, Mr. Liu Shunxing, Mr. Wang Xun, Mr. Yang Zhifeng, Ms. Liu Jianhong and Mr. Chan Kam Kwan, Jason (who are executive Directors), Mr. Tsoi Tong Hoo, Tony (who is non-executive director), and Mr. Ho Tak Man, Billy, Mr. Yap Fat Suan and Dr. Wong Yau Kar, David (who are independent non-executive Directors).

By order of the Board Jason Chan Company Secretary

Hong Kong, 6 November 2007

* for identification purposes only