Hengxin Technology Ltd. — Capital/Financing Update 2011

Mar 29, 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

This overseas regulatory 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 “Increase in investment in the subsidiary of the Company” on the website of the Singapore Exchange Securities Trading Limited on 29 March 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, 29 March 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)

INCREASE IN INVESTMENT IN THE SUBSIDIARY OF HENGXIN TECHNOLOGY LTD. (THE “COMPANY”)

The Company wishes to announce that the Company has increased its investment in its wholly-owned subsidiary in China, Jiangsu Hengxin Technology Co., Ltd (“ Jiangsu Hengxin ”). The additional investment amounts to US$5 million.

Following the above investment, the total paid up capital of Jiangsu Hengxin will be US$48 million.

The investment of US$5 million in the capital of Jiangsu Hengxin is funded from the proceeds of the Company’s initial public offering in The Stock Exchange of Hong Kong Limited in December 2010. The purpose of the investment is in line with the purpose of use as outlined in the “ Future Plans and Use of Proceeds ” section of the Company’s prospectus dated 14 December 2010.

The above transaction is not expected to have any material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2011.

None of the directors or substantial shareholders of the Company has an interest, direct or indirect, in the above transaction.

By Order of the Board

Cui Genxiang Executive Chairman 29 March 2011

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