hmvod Limited — Capital/Financing Update 2010

Jul 6, 2010

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)

GRANT OF SHARE OPTION

This announcement is made pursuant to Rule 23.06A of the Rules (“ GEM Listing Rules ”) Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (“ Stock Exchange ”).

The board (“ Board ”) of directors (“ Directors ”) of Tai Shing International (Holdings) Limited (“ Company ”) hereby announces that the Company granted a share option (the “ Share Option ”) to an employee (“ Grantee ”) to subscribe for 11,450,000 new ordinary shares of HK$0.005 each (each a “ Share ”) in the share capital of the Company, subject to acceptance of the Grantee, under the share option scheme adopted by the Company on 22 October 2003. Details of the Share Option are set out below:

Date of grant:

6 July 2010 (“ Date of Grant ”)

Exercise price of the Share Option: HK$0.278 per Share

(being the highest of (i) the closing price of HK$0.27 as quoted in the Stock Exchange’s daily quotation sheet on 6 July 2010, being the Date of Grant; (ii) the average of the closing prices of HK$0.278 per Share as quoted in the Stock Exchange’s daily quotation sheets for the five business days immediately preceding the Date of Grant; and (iii) HK$0.005, being the nominal value of each Share.

Validity period:

The Share Option is exercisable for a period of five years commencing on the Date of Grant.

* For identification purposes only

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The Grantee is not a Director, chief executive nor substantial shareholder of the Company or an associate (as defined in the GEM Listing Rules) of any of them.

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

Hong Kong, 6 July 2010

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

Executive Directors:

Mr. Luk Yat Hung (Chairman) Ms. Li Wenli Mr. Wong Chung Wai, Eric Mr. Chan Yun Sang Mr. Ng Chi Wing

Independent non-executive Directors:

Professor Ip Ho Shing, Horace Mr. Yan Yonghong Mr. Peng Lijun Mr. Tang Sze Lok Mr. Lee Kwok Yung

This announcement, for which the directors of the Company collectively and individually accept full responsibiltiy, 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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