China Pipe Group Limited — Board/Management Information 2007

Feb 13, 2007

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永 恩 國 際 集 團 有 限 公 司 PRIME SUCCESS INTERNATIONAL GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 210)

CLARIFICATION ANNOUNCEMENT

The Board of the Company would like to clarify that Madam Chang Lee Pi Hsia has resigned as an executive director of the Company with effect from 31 October 2001.

The board of directors (the “Board”) of Prime Success International Group Limited (the “Company”) would like to clarify that Madam Chang Lee Pi Hsia (“Madam Chang”) has resigned as an executive director of the Company due to personal reasons with effect from 31 October 2001. Due to inadvertent oversight, the aforesaid resignation has not been announced in due course nor disclosed in the Company’s 2001 annual report. This constituted a breach of Rule 14(2), Part B, Appendix 7 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) whenas applicable.

Madam Chang has confirmed that there was no disagreement with the Board of the Company and no circumstances relating to her resignation need to be brought to the attention of the Stock Exchange and the shareholders of the Company.

The Board wishes to apologise for any inconvenience caused to the shareholders and the investing public.

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Chen Ying-Chieh, Mr. Chen Hsien Min, Mr. Chang ChihKai and three independent non-executive directors, namely Mr. Hsiao HsiMing, Mr. Huang Shun-Tsai and Mr. Kuo Jung-Cheng.

By order of the Board of Prime Success International Group Limited Chen Ying-Chieh Chairman

Hong Kong, 13 February 2007

“Please also refer to the published version of this announcement in The Standard.”