Hengxin Technology Ltd. — Capital/Financing Update 2011

Aug 5, 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)

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT IN RELATION TO UPDATE ON USE OF PROCEEDS RAISED FROM THE DUAL PRIMARY LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED

This announcement is issued pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Hengxin Technology Ltd. (the ‘‘Company’’) has published an announcement regarding ‘‘Update on use of proceeds raised from the dual primary listing on The Stock Exchange of Hong Kong Limited by the Company’’ on the website of the Singapore Exchange Securities Trading Limited on 5 August 2011, the full text of which is set out on the next page for information purpose only.

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

Hong Kong, 5 August 2011

As at the date of announcement, the executive Directors of the Company are Mr. Cui Genxiang and Dr. Song Haiyan; the non-executive Director of the Company is Ms. Zhang Zhong; and the independent non-executive 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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HENGXIN TECHNOLOGY LTD. (Company Registration No. 200414927H) (Incorporated in Singapore)

UPDATE ON USE OF PROCEEDS RAISED FROM THE DUAL PRIMARY LISTING ON THE STOCK EXCHANGE OF HONG KONG (‘‘SEHK’’) BY HENGXIN TECHNOLOGY LTD. (THE ‘‘COMPANY’’)

The Company wishes to provide an update on the use of net proceeds raised from the dual primary listing on the SEHK (the ‘‘IPO Proceeds’’). In accordance with the use of proceeds described in the section ‘‘Use of Proceeds’’ of the Company’s Prospectus dated 14 December 2010, the Company has utilised approximately RMB 6.0 million of the IPO Proceeds as at 5 August 2011.

The details are tabulated below:

The details are tabulated	below:	below:
Intended Use
	IPO Proceeds		Used	Balance
	HKD ‘000	Equivalent to RMB ‘0001	RMB ‘000	RMB ‘000
Diversify product portfolio of High Temperature Resistant Cables	27,645	23,607	(1,648)	21,959
Diversify product portfolio of Antennas	41,420	35,370	(3,078)	32,292
Expansion of sales network into overseas market	8,645	7,382	—	7,382
Enhance research and development	8,645	7,382	—	7,382
General working capital	8,645	7,382	(1,250)	6,132
Total	95,000	81,123	(5,976)	75,147

1 The exchange rate used of HKD1:RMB0.853938 as at 23 December 2010 was based on the day the Company was successfully listed on the SEHK.

By Order of the Board

Cui Genxiang Executive Chairman 5 August 2011

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