hmvod Limited — Board/Management Information 2011

Nov 11, 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.

**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)

APPOINTMENT OF EXECUTIVE DIRECTOR; APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR; RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR; AND RECONSTITUTION OF THE AUDIT COMMITTEE AND THE REMUERATION COMMITTEE

The Board is pleased to announce that with effect from 11 November 2011:

• (1) Mr. Liu Bo has been appointed as an executive Director;

• (2) Mr. Xu Jingbin has been appointed as an independent non-executive Director; and

• (3) the audit committee and the remuneration committee have been reconstituted.

The Board further announces that Mr. Lee Kwok Yung has tendered his resignation as an independent nonexecutive Director with effect from 11 November 2011.

APPOINTMENT OF DIRECTORS

The board (“ Board ”) of directors (“ Directors ”) of Tai Shing International (Holdings) Limited (“ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that with effect from 11 November 2011, Mr. Liu Bo (“ Mr. Liu ”) has been appointed as an executive Director and Mr. Xu Jingbin (“ Mr. Xu ”) has been appointed as an independent non-executive Director.

Biographical details of Mr. Liu and Mr. Xu are set out below:

APPOINTMENT OF MR. LIU BO AS AN EXECUTIVE DIRECTOR

Mr. Liu, aged 43, holds a Master of Business Administration from the University of Birmingham. He has held various senior positions in the fields of marketing, business strategies and corporate management.

There is no service contract between the Company and Mr. Liu. Mr. Liu is not appointed for a specified term and is subject to retirement by rotation and other related provisions as stipulated in the articles of association of the Company.

* For identification purpose only

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The remuneration of Mr. Liu will be HK$10,000 per month which was determined by the Board with reference to the prevailing market conditions, his role and responsibilities.

Save as disclosed above, Mr. Liu has not held any other major appointment and professional qualifications and does not hold any directorships in other listed company in the last three years, nor does he have any relationship with any Director, senior management, substantial or controlling shareholders of the Company. Other than the directorship in the Company, Mr. Liu does not hold other positions with the Company or other members of the Group. Mr. Liu also does 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) (“ SFO ”).

Save as disclosed above, there is no further information to be disclosed pursuant to the requirements of Rule 17.50(2)(h) to (v) of the Rules (“ GEM Listing Rules ”) Governing the Listing of Securities on the Growth Enterprise Market (“ GEM ”) of The Stock Exchange of Hong Kong Limited and there is no other matters relating to the appointment of Mr. Liu that need to be brought to the attention of the shareholders of the Company.

APPOINTMENT OF MR. XU JINGBIN AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. Xu, aged 31, has passed several securities-related examinations organized by the Securities Association of China (中國證券業協會) and the China Futures Association (中國期貨業協會) and has extensive management experience.

There is no service contract between the Company and Mr. Xu. Mr. Xu is appointed for a term of one year and is subject to retirement by rotation and other related provisions as stipulated in the articles of association of the Company.

The remuneration of Mr. Xu will be HK$10,000 per month which was determined by the Board with reference to the prevailing market conditions, his role and responsibilities.

Save as disclosed above, Mr. Xu has not held any other major appointment and professional qualifications and does not hold any directorships in other listed company in the last three years, nor does he have any relationship with any Director, senior management, substantial or controlling shareholders of the Company. Other than the directorship in the Company, Mr. Xu does not hold other positions with the Company or other members of the Group. Mr. Xu also does not have any interest in the shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no further information to be disclosed pursuant to the requirements of Rule 17.50(2)(h) to (v) of the GEM Listing Rules and there is no other matters relating to the appointment of Mr. Xu that need to be brought to the attention of the shareholders of the Company.

RESIGNATION OF MR. LEE KWOK YUNG AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board further announces that Mr. Lee Kwok Yung had tendered his resignation as an independent onexecutive Director with effect from 11 November 2011 due to his other personal commitments which require more of his time.

Mr. Lee has confirmed that he does not have any disagreement with the Board and that there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the Company.

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RECONSTITUTION OF THE AUDIT COMMITTEE AND THE REMUERATION COMMITTEE

On 11 November 2011, following the change in the composition of the Board as set out above, the Board has resolved to reconstitute the audit committee of the Board where Mr. Tang Sze Lok, Mr. Chan Wai Kwong, Peter and Mr. Xu are members of the audit committee and Mr. Tang Sze Lok is the chairman of the audit committee with effect from 11 November 2011; and the Board has also resolved to reconstitute the remuneration committee of the Board where Mr. Tang Sze Lok and Mr. Xu are members of the remuneration committee and Mr. Tang Sze Lok is the chairman of the remuneration committee with effect from 11 November 2011.

By order of the Board Tai Shing International (Holdings) Limited Wong Chung Wai, Eric Chairman and executive Director

Hong Kong, 11 November 2011

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors:

Mr. Wong Chung Wai, Eric (Chairman) Mr. Chan Yun Sang Mr. Choi King Lit Mr. Han Fangfa Ms. Ju Lijun Mr. Liu Bo

Non-executive Director:

Dr. Pan Jin

Independent non-executive Directors:

Mr. Tang Sze Lok Mr. Chan Wai Kwong, Peter Mr. Xu Jingbin

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 the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

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

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