hmvod Limited — Capital/Financing Update 2010

Jul 5, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

**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)

COMPLETION OF SUBSCRIPTIONS OF NEW SHARES

The Board is pleased to announce that all the conditions of the Subscription Agreements had been fulfilled and the completion of the Subscriptions took place on 5 July 2010 whereby 40,000,000 and 60,000,000 Subscription Shares were allotted and issued to Galaxy Fund I and Galaxy Fund II respectively, at HK$0.265 per Subscription Share.

The Company received net proceeds of approximately HK$26 million from the Subscriptions.

Reference is made to the announcement of the Company dated 5 May 2010 and the circular dated 9 June 2010 (“ Circular ”). Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that all the conditions of the Subscription Agreement had been fulfilled and completion of the Placing took place on 5 July 2010 whereby 40,000,000 and 60,000,000 Subscription Shares were allotted and issued to Galaxy Fund I and Galaxy Fund II respectively, at HK$0.265 per Subscription Share.

The net price to the Company of each Subscription Share is approximately HK$0.26. The Company received net proceeds of approximately HK$26 million from the Subscriptions.

* For identification purposes only

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The following table sets out the shareholding structure of the Company prior to and upon completion of the Subscriptions:

Wide Source_(note 1) Resuccess Investment Ltd.(note 2) Galaxy Fund I(note 3) Galaxy Fund II(note 3)_ Public Total	Shareholding immediately before completion of the Subscriptions No. of Shares % 215,424,760 14.70 158,900,000 10.84 70,000,000 4.78 74,800,000 5.10 946,575,240 64.58 1,465,700,000 100.00	Shareholding immediately after the completion of the Subscriptions No. of Shares % 215,424,760 13.76 (note 2) 158,900,000 10.15 110,000,000 7.02 134,800,000 8.61 946,575,240 60.46 1,565,700,000 100.00

Notes:

1. Wide Source is wholly owned by Mr. Luk Yat Hung, the chairman of the Board and an executive Director.

2. Resuccess Investments Ltd. is wholly owned by Tongfang Co., Ltd., the shares of which are listed on the Shanghai Stock Exchange.

3. Galaxy Fund I and Galaxy Fund II are managed by the same fund manager, Galaxy Asset Management (H.K.) Ltd) and are considered as connected persons of the Company in view of their aggregate shareholding in the Company.

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

Hong Kong, 5 July 2010

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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 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.

This announcement, for which the Directors 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.

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