China e-Wallet Payment Group Limited — Capital/Financing Update 2012

Aug 31, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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RCG Holdings Limited 宏霸數碼集團（控股）有限公司 [*] (a company incorporated in Bermuda with limited liability)

(Stock Codes: HKSE: 802; AIM: RCG)

UPDATE ON THE CONVERSION OF CONVERTIBLE NOTES AND THE ISSUE AND ALLOTMENT OF NEW SHARES

Reference is made to the Announcement of the Company dated 25 June 2012 and the Circular to Shareholders dated 8 June 2012 concerning the acquisition by the Company of a 55% equity interest in Most Ideas Limited for a consideration of HK$88,700,000.00 in Convertible Notes. Terms used in this announcement have the same meanings as defined in the Announcement and the Circular unless otherwise stated.

The board of directors (the “ Board ”) of RCG Holdings Limited (the “ Company ”) is pleased to announce that pursuant to the approval granted by The Stock Exchange of Hong Kong Limited for the listing of 104,352,941 ordinary shares of HK$0.01 each (“the Shares ”) upon the exercise of conversion rights attached to the Convertible Notes in the aggregate principal amount of HK$88,700,000.00 at the conversion price of HK$0.85 per share on the Main Board of the Hong Kong Stock Exchange, the Shares have been issued and allotted to Crossover Global Limited on 31 August 2012 and are expected to be admitted to trading on the AIM market of the London Stock Exchange on 3 September 2012.

The total issued share capital of the Company has enlarged to 597,576,496 ordinary shares of HK$0.01 each and Crossover Global Limited becomes a substantial shareholder, holding an interest of 17.46% in the equity of the Company.

By Order of the Board of RCG Holdings Limited Chong Cha Hwa, Brandson

Executive Director

Hong Kong, 31 August 2012

* For purpose of identification only

As at the date of this announcement, the Board comprises the following directors:

Executive Directors:

Chong Cha Hwa, Brandson Li Jinglong Zhang Ligong

Non-executive Director:

Tan Sri Dato’ Nik Hashim Bin Nik Ab. Rahman

Independent Non-executive Directors: Pieter Lambert Diaz Wattimena Kwan King Wah Zeng Min