hmvod Limited — Capital/Financing Update 2007

Dec 17, 2007

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Tai Shing International (Holdings) Limited.

Tai Shing International (Holdings) Limited *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8103)

COMPLETION OF PLACING IN RESPECT OF 18,195,000 SHARES

Placing Agent

A Member of Polaris Financial Group

COMPLETION OF PLACING

The Board is pleased to announce that completion of the Placing took place on 14 December 2007 and 18,195,000 Placing Shares have been placed by the Placing Agent to not less than six Placees. The Placees have confirmed to the Placing Agent that they and their ultimate beneficial owners are independent of and not connected persons of the Company as defined in the GEM Listing Rules.

Reference is made to the announcement of the Company dated 3 December 2007 in relation to the Placing (the “Announcement”). Terms used in this announcement shall have the same meanings as those defined in the Announcement unless the context otherwise requires.

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COMPLETION OF PLACING

The Board is pleased to announce that completion of the Placing took place on 14 December 2007 and 18,195,000 Placing Shares have been placed by the Placing Agent to not less than six Placees. The Placees have confirmed to the Placing Agent that they and their ultimate beneficial owners are independent of and not connected persons of the Company as defined in the GEM Listing Rules.

PUBLIC FLOAT

The Board confirms that, a minimum of 20 per cent of the total issued share capital of the Company will be in public hands after completion of the Placing.

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

Hong Kong, 17 December 2007

Executive Directors: Independent Non-Executive Directors: Mr. Ho Cho Hang Mr. Chung Shui Ming, Timpson Ms. Li Wenli Professor Ip Ho Shing, Horace Mr. Yan Yonghong Non-Executive Director: Mr. Peng Lijun Mr. Luk Yat Hung (Chairman)

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.

This announcement will remain on the “Latest Company Announcements” page of the GEM website and the Company’s website at www.taishingintl.com for at least seven days from the day of its posting.

• for identification purpose only

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