Hengxin Technology Ltd. — Board/Management Information 2011

Oct 25, 2011

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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HENGXIN TECHNOLOGY LTD. 亨 鑫 科 技 有 限 公 司[*]

(carrying on business in Hong Kong as HX Singapore Ltd.)

(Incorporated in Singapore with limited liability)

(Singapore Registration No.: 200414927H)

(Hong Kong Stock Code: 1085) (Singapore Stock Code: I85)

ANNOUNCEMENT CHANGE OF JOINT COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

RESIGNATION OF JOINT COMPANY SECRETARY, AUTHORIZED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

The board (‘‘Board’’) of directors (‘‘Directors’’) of Hengxin Technology Ltd. (‘‘Company’’) announces that Ms. Wong Wai Han (‘‘Ms. Wong’’) has resigned as a joint company secretary, authorized representative (for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities (‘‘Listing Rules’’) on The Stock Exchange of Hong Kong Limited (‘‘Stock Exchange’’)) and authorized representative and process agent (for the purpose of accepting service of process in Hong Kong under Section 333 of the Companies Ordinance, Chapter 32 of the laws of Hong Kong (‘‘Companies Ordinance’’)) of the Company with effect from 25 October 2011.

Ms. Wong confirmed that she has no disagreement with the Company and there are no circumstances related to her resignation above which need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Taking this opportunity, the Board would like to express its appreciation and gratitude to Ms. Wong for her contribution and services to the Company in the past.

APPOINTMENT OF NEW JOINT COMPANY SECRETARY, AUTHORIZED REPRESENTATIVE AND PROCESS AGENT IN HONG KONG

Following the resignation of Ms. Wong, the Board is pleased to announce that Mr. Chu Hon Leung (朱瀚樑) (‘‘Mr. Chu’’) has been appointed as a new joint company secretary and authorized representative (for the purpose of Rule 3.05 of the Listing Rules) and authorized representative and process agent (for the purpose of accepting service of process in Hong Kong under Section 333 of the Companies Ordinance) of the Company with effect from 25 October 2011.

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RULE 8.17 WAIVER

Reference is made to the waiver granted to the Company by the Stock Exchange dated 25 November 2010 (‘‘Waiver’’) from strict compliance with Rule 8.17 of the Listing Rules for an initial period of three years from the date of the Company’s listing on the Stock Exchange (i.e. on 23 December 2010) on the condition that, among other things, the Company engages Ms. Wong, who possesses the requisite qualifications under Rule 8.17 of the Listing Rules, as a joint company secretary to assist Ms. Shirley Lim Guat Hua (‘‘Ms. Lim’’) (being the other joint company secretary of the Company who is not ordinarily resident in Hong Kong and who does not satisfy the requirements under Rule 8.17 of the Listing Rules) in acquiring the relevant experience as required under Rule 8.17(3) of the Listing Rules. The Waiver will be revoked immediately when Ms. Wong ceases to be a joint company secretary of the Company during the three year period of the Waiver.

The Company has made an application to the Stock Exchange and the Stock Exchange has granted a new waiver to the Company from strict compliance with the requirements under Rule 8.17 of the Listing Rules for a period from 25 October 2011 to 23 December 2013 (i.e. the remaining period of three years of the Waiver) in relation to Ms. Lim’s eligibility to act as the joint company secretary, on the condition that, among others things, Ms. Lim would be assisted by Mr. Chu during the new waiver period. The new waiver will be revoked immediately when Mr. Chu ceases to be the joint company secretary of the Company.

Mr. Chu is currently a practicing solicitor in Hong Kong and a member of the Law Society of Hong Kong. He is ordinarily resident in Hong Kong. Mr. Chu therefore meets the requirements under Rule 8.17 of the Listing Rules in respect of a company secretary.

On behalf of the Board Hengxin Technology Ltd. Cui Genxiang Executive Chairman

Hong Kong, 25 October 2011

As at the date of this announcement, the executive Directors are Mr. Cui Genxiang and Dr. Song Haiyan; the non-executive Director is Ms. Zhang Zhong; and the non-executive independent Directors are Mr. Tay Ah Kong Bernard, Mr. Chee Teck Kwong Patrick and Mr. Tam Chi Kwan Michael.

• For identification purpose only

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