China Pipe Group Limited — Share Issue/Capital Change 2012

Jul 13, 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.

DAPHNE INTERNATIONAL HOLDINGS LIMITED 達 芙 妮 國 際 控 股 有 限 公 司 * ( Incorporated in the Cayman Islands with limited liability )

( Stock code: 210 )

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of directors (the “Board”) of Daphne International Holdings Limited (the “Company”) announces that on 13 July 2012, the Company granted 300,000 share options (the “Share Options”) to subscribe for ordinary shares of HK$0.10 each of the Company (the “Shares”) to an employee under its share option scheme adopted on 29 May 2003 and amended on 7 December 2009. The Share Options are subject to the acceptance of the grantee (the “Grantee”). Details of such grant are set out below:

Date of grant : 13 July 2012 Exercise price of Share Options granted : HK$8.214 per Share Number of Share Options granted : 300,000 Closing price of the Shares on the date of grant : HK$7.25 per Share Validity period of the Share Options : The Share Options are valid for a period of 10 years from the date of grant. One-third of the Share Options granted shall vest on first to third anniversary dates of the date of grant respectively.

Each Share Option shall entitle the Grantee to subscribe for one Share upon exercise of such Share Option at an exercise price of HK$8.214 per Share, which represents the highest of (i) the closing price of HK$7.25 per Share as stated in the daily quotation sheets issued by the Stock Exchange on 13 July 2012 (the date of grant); (ii) the average closing price of HK$8.214 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the date of grant; and (iii) the nominal value of the Share.

The Grantee is not a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).

By order of the Board Daphne International Holdings Limited Chen Ying-Chieh Chairman

Hong Kong, 13 July 2012

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As at the date of this announcement, the Board comprises Mr. Chen Ying-Chieh, Mr. Chang ChihKai, Mr. Chang Chih-Chiao and Mr. Chen Tommy Yi-Hsun being the executive directors, Mr. Kim Jin-Goon being the non-executive director; Mr. Huang Shun-Tsai, Mr. Kuo Jung-Cheng and Mr. Lee Ted Tak Tai being the independent non-executive directors and Mr. Lau Wai Kei, Ricky being the alternate director to Mr. Kim Jin-Goon.

• for identification purpose only

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