hmvod Limited — Board/Management Information 2005

Dec 29, 2005

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 of Hong Kong Limited 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)

(http://www.taishingintl.com)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces the appointment of Mr. Ho as an executive director of the Company with effect from 5th January 2006.

The board of directors (the “Board”) of Tai Shing International (Holdings) Limited (the “Company” and together with its subsidiaries, the “Group”) announces the appointment of Mr. Ho Cho Hang (“Mr. Ho”) as an executive director of the Company with effect from 5th January 2006.

Mr. Ho, aged 52, has over 27 years of experience in administration and securities broking with two leading international securities houses situated in Hong Kong.

Mr. Ho does not have and is not deemed to have any relationship with any directors, senior management, management shareholders, substantial shareholders or controlling shareholders of the Company, other than his directorship position. Mr. Ho did not hold any other position in the Group. As at the date hereof, Mr. Ho holds 1,100,000 ordinary shares in the Company which accounts for approximately 1.46% of the entire issued capital.

Mr. Ho has entered into a service contract with the Company for an initial 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 associations of the Company. He is entitled under his service contract to receive a director’s fee of HK$120,000 per annum, which is determined by the Board after arm’s length negotiation with reference to prevailing market condition and no other benefit will be provided to Mr. Ho for his directorship in the Company.

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The Board would like to extend its warmest welcome to Mr. Ho for joining the Company.

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

Hong Kong, 28th December 2005

As of the date hereof, Mr. Luk Yat Hung (Chairman) and Ms. Li Wenli are the executive directors of the Company; and Mr. Chung Shui Ming, Timpson, Professor Ip Ho Shing, Horace, Mr. Yan Yonghong and Mr. Peng Lijun are the independent non-executive 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.

* for identification purpose only

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