hmvod Limited — Audit Report / Information 2008

Mar 19, 2008

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

**Tai Shing International (Holdings) Limited *** 泰盛國際（控股）有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8103)

CHANGE OF AUDITORS

The Board announces that RSM Nelson Wheeler resigned as auditors of the Company on 19 March 2008 and SHINEWING (HK) CPA Limited will be appointed as the Company’s auditors to fill the casual vacancy arising from the resignation of RSM Nelson Wheeler upon the approval by shareholders of the Company at the EGM to be convened for such purpose.

The board (the “Board”) of directors of Tai Shing International (Holdings) Limited (the “Company”) announces that RSM Nelson Wheeler (“RSM”) resigned as auditors of the Company on 19 March 2008 since the Company and RSM could not reach an agreement on the audit fees for the financial year ending 31 March 2008. RSM has confirmed in its letter of resignation dated 19 March 2008 that there were no special circumstances connected with their resignation which they consider should be brought to the attention of the members or creditors of the Company.

The Board also confirms that there is no disagreement between the Company and RSM and there are no special circumstances connected with the change of auditors which it considers should be brought to the attention of the members or creditors of the Company.

SHINEWING (HK) CPA Limited will be appointed as the Company’s auditors to fill the casual vacancy arising from the resignation of RSM upon the approval by shareholders of the Company at the extraordinary general meeting (the “EGM”) of the Company to be convened and to hold office until the conclusion of the next annual general meeting of the Company.

The Board confirms that RSM has not commenced any audit work on the accounts of the Company and its subsidiaries for the year ending 31 March 2008. It is expected that the change of auditors of the Company will not affect the release of the annual results of the Company for the year ending 31 March 2008.

A circular containing details of the change of auditors of the Company, together with a notice to convene the EGM, will be despatched to the Shareholders as soon as practicable.

By order of the Board Tai Shing International (Holdings) Limited Ho Cho Hang Executive Director

Hong Kong, 19 March 2008

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As at the date of announcement, the Board comprises the following directors:

Executive Directors: Mr. Ho Cho Hang Ms. Li Wenli

Non-executive Director: Mr. Luk Yat Hung (Chairman)

Independent Non-executive Directors: Mr. Chung Shui Ming, Timpson Professor Ip Ho Shing, Horace Mr. Yan Yonghong Mr. Peng Lijun

This announcement will remain on the “Latest Company Announcement” page of the GEM website for at least 7 days from its date of publication.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (i) the information contained in this announcement is accurate and complete in all material respects and not misleading; (ii) there are no other matters the omission of which would make any statement in this announcement misleading; and (iii) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

* for identification purpose only

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