hmvod Limited — Board/Management Information 2004

Sep 28, 2004

This announcement, for which the directors of the Company (the “Directors”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange 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: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) 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.

TAI SHING INTERNATIONAL (HOLDINGS) LIMITED ������������ *

(incorporated in the Cayman Islands with limited liability)

(Stock code: 8103)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The Board announces that Mr. Yan Yonghong has been appointed as an independent non-executive director and member of audit committee of the Company with effect from 30 September 2004.

The board of directors (the “Board”) of Tai Shing International (Holdings) Limited (the “Company”) announces that Mr. Yan Yonghong has been appointed as an independent non-executive director and member of audit committee of the Company with effect from 30 September 2004.

Mr. Yan Yonghong , aged 37, graduated from Tsinghua University with a Bachelor of Science degree in Electronic Engineering and holds a Doctorate degree in Computer Science and Engineering with Oregon Graduate Institute of Science and Engineering, the United States of America. Mr. Yan had been a principal engineer of Intel Corporation and an associate professor of Oregon Health and Science University. Currently, he is appointed by the Chinese Academy of Sciences as a professor and an instructor of doctorate students. He is also appointed by the Chinese government as a member of the vetting committee of National Science Foundation of China.

* For identification purpose only

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Mr. Yan does not have any relationship with any directors, senior management, management shareholders, substantial shareholders or controlling shareholders of the Company or its subsidiaries, other than his directorship position. As at the date hereof, Mr. Yan did not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Yan did not hold any directorship in other listed companies in the past three years or had any other major appointments. He did not hold any other position in the Company or any of its subsidiaries.

Mr. Yan has entered into a service contract with the Company for a term of one year which shall continue thereafter, subject to the termination provisions thereunder and the rotation and re-election requirements under the articles of association of the Company. He is entitled to receive a director’s fee of HK$30,000 per annum, which is determined at arm’s length negotiation with reference to prevailing market condition. Save as disclosed herein, there are no other benefits provided to Mr. Yan for his directorship in the Company.

The Board would like to take this occasion to welcome Mr. Yan to join the Board.

By Order of the Board Tai Shing International (Holdings) Limited Luk Yat Hung Chairman

Hong Kong, 28 September 2004

As of the date hereof, Mr. Luk Yat Hung (Chairman) and Mr. Ho Cho Hang are executive directors of the Company; and Mr. Chung Shui Ming, Timpson and Professor Ip Ho Shing, Horace are independent nonexecutive directors of the Company.

The announcement will remain on the GEM website at www.hkgem.com at the “Latest Company Announcements” page for at least 7 days from the date of its publication and on the website of the Company at www.taishingintl.com.

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