hmvod Limited — Capital/Financing Update 2010

Jun 7, 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 THE GM PLACING

The Board is pleased to announce that all the conditions of the GM Placing Agreement (as supplemented and varied by the Supplemental Agreement) had been fulfilled and the completion of the GM Placing took place on 7 June 2010 whereby 30,000,000 GM Placing Shares were placed to Valiance (as defined below) at HK$0.265 per GM Placing Share.

The Company received net proceeds of approximately HK$7.63 million from the GM Placing.

Reference is made to the announcements of the Company dated 28 April 2010 and 5 May 2010. Capitalised terms used in this announcement shall have the same meanings as those defined in the announcement of the Company dated 5 May 2010.

The Board is pleased to announce that all the conditions of the GM Placing Agreement (as supplemented and varied by the Supplemental Agreement) had been fulfilled and completion of the Placing took place on 7 June 2010 whereby 30,000,000 new Shares (each a “ GM Placing Share”) were placed to Valiance Special Opportunities Co-Investment Master Fund (“ Valiance ”), a fund managed by a London based asset manager, at HK$0.265 per GM Placing Share. To the best knowledge and belief of the Directors, each of Valiance Special Opportunities Co-Investment Master Fund and its ultimate beneficial owners is independent of and not connected with the Company and its connected persons (as defined in the GEM Listing Rules).

The net price to the Company of each GM Placing Share is approximately HK$0.254. The Company received net proceeds of approximately HK$7.63 million from the GM Placing.

* For identification purpose only

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

Wide Source_(note 1) Resuccess Investment Ltd. (note 2) Galaxy Fund I(note 3) Galaxy Fund II(note 3)_ Valiance Other public Total	Shareholding immediately before completion of the GM Placing No. of Shares % 215,424,760 15.00 158,900,000 11.07 70,000,000 4.88 74,800,000 5.21 — — 916,575,240 63.84 1,435,700,000 100.00	Shareholding immediately after the completion of the GM Placing No. of Shares % 215,424,760 14.70 (note 2) 158,900,000 10.84 70,000,000 4.78 74,800,000 5.10 30,000,000 2.05 916,575,240 62.53 1,465,700,000 100.00	Shareholding immediately after the completion of the GM Placing No. of Shares % 215,424,760 14.70 (note 2) 158,900,000 10.84 70,000,000 4.78 74,800,000 5.10 30,000,000 2.05 916,575,240 62.53 1,465,700,000 100.00
			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 (which are managed by the same fund manager, Galaxy Asset Management (H.K.) Ltd), in aggregate, hold 144,800,000 Shares. Reference is made to the announcement of the Company dated 5 May 2010 in relation to the Subscriptions in respect of an aggregate subscription of 100,000,000 Shares by Galaxy Fund I and Galaxy Fund II.

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

Hong Kong, 7 June 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 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.

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