Hengxin Technology Ltd. — Capital/Financing Update 2012

Feb 22, 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.

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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 overseas regulatory announcement is a reproduction of the announcement made by Hengxin Technology Ltd. (the ‘‘Company’’). In compliance with Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’).

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 22 February 2012, the full text of which is set out on the next page for information purpose only

By order of the Board Hengxin Technology Ltd. Cui Genxiang Chairman and Executive Director

Hong Kong, 22 February 2012

As at the date of this announcement, the executive Directors of the Company are Mr. Cui Genxiang and Mr. Xu Guoqiang; 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’’). As at 22 February 2012, the Company has utilised approximately RMB13.6 million of the IPO Proceeds.

The details are tabulated below:

Intended Use				Balance	Balance
	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	(10,001)	25,369
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	(1,924)	5,458
Total	95,000	81,123	(13,573)	67,550

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

22 February 2012

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