hmvod Limited — Capital/Financing Update 2010

May 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.

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 PLACING AND SUBSCRIPTION

The Board is pleased to announce that completion of the Placing took place on 28 April 2010 where a total of 130,000,000 Placing Shares beneficially owned by the Vendor were placed to not less than six Placees at HK$0.265 per Placing Share.

The Board is also pleased to announce that all the conditions of the Subscription Agreement have been fulfilled and the Subscription was completed and 130,000,000 Subscription Shares were allotted to the Vendor on 6 May 2010. The Company received net proceeds of approximately HK$33.27 million from the Subscription.

Reference is made to the announcement of the Company dated 23 April 2010 (“ Announcement ”). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement, unless otherwise requires.

The Board is pleased to announce that completion of the Placing took place on 28 April 2010 where a total of 130,000,000 Placing Shares beneficially owned by the Vendor were placed to not less than six Placees at HK$0.265 per Placing Share.

The Board is also pleased to announce that all the conditions of the Subscription Agreement have been fulfilled and the Subscription was completed and 130,000,000 Subscription Shares were allotted to the Vendor on 6 May 2010. The Company received net proceeds of approximately HK$33.27 million from the Subscription.

* 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 Placing and the Subscription:

Shareholding immediately after the completion of the Placing No. of Shares % The Vendor_(note 1) 85,424,760 6.54 Resuccess Investment Ltd.(note 2) 158,900,000 12.17 Galaxy China Special Situations Fund SPC (“Galaxy Fund I”), for and on behalf of its Segregated Portfolio, Galaxy China Special Situations Segregated Portfolio 1(note 3) 70,000,000 5.36 Galaxy China Deep Value Fund (“Galaxy Fund II”)(note 3)_ 74,800,000 5.73 The Placees 130,000,000 9.96 Other public 786,575,240 60.24 Total 1,305,700,000 100.00	Shareholding immediately after the completion of the Placing and the Subscription No. of Shares % 215,424,760 15.00 158,900,000 11.07 70,000,000 4.88 74,800,000 5.21 130,000,000 9.05 786,575,240 54.79 1,435,700,000 100.00	Shareholding immediately after the completion of the Placing and the Subscription No. of Shares % 215,424,760 15.00 158,900,000 11.07 70,000,000 4.88 74,800,000 5.21 130,000,000 9.05 786,575,240 54.79 1,435,700,000 100.00
		100.00

Notes:

1. The Vendor 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.

To the best knowledge and belief of the Directors, each of above the Placees and (where applicable) their respective ultimate beneficial owners is independent of and not connected with the Company and its connected persons (as defined in the GEM Listing Rules).

By order of the Board

Tai Shing International (Holdings) Limited Wong Chung Wai, Eric Executive Director

Hong Kong, 6 May 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, 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: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) 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 at www.hkgem.com for at least 7 days from the date of its publication.

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