hmvod Limited — Capital/Financing Update 2010

Apr 23, 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)

THE SUPPLEMENTAL AGREEMENT TO THE SERVICE AGREEMENT

THE SUPPLEMENTAL AGREEMENT

On 23 April 2010, the Company and Mr. Wong entered into the Supplemental Agreement, pursuant to which the Company and Mr. Wong had agreed to extend the last day of the Relevant Period to 30 June 2010 for fulfillment of the conditions precedent to the grant of the Option.

Reference is made to the announcement (“ First Announcement ”) of the Company dated 24 February 2010 in relation to the conditional grant of the Option by the Company to Mr. Wong pursuant to Service Agreement.

Capitalised terms used herein shall have the same meanings as those defined in the First Announcement unless the context otherwise requires.

THE SUPPLEMENTAL AGREEMENT

Pursuant to the Service Agreement, the grant of the Option would be subject to the approval of the Stock Exchange and would be conditional upon:

• (a) the Stock Exchange granting the listing of, and permission to deal in, the Option Shares; and

• (b) the obtaining of the approval for the grant of the Option and the allotment and issue of the Option Shares by the Shareholders.

In the event that any of the conditions referred to above is not fulfilled within 60 days after the date of the Service Agreement (“ Relevant Period ”), the Service Agreement shall lapse and cease to have any effect and no party shall have any claim against the other.

* For identification purpose only

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The Board announces that, after arm’s length negotiation, on 23 April 2010, the Company and Mr. Wong entered into a supplemental agreement to the Service Agreement (“ Supplemental Agreement ”) whereby the Company and Mr. Wong had agreed to extend the last day of the Relevant Period to 30 June 2010.

Save as disclosed above, there is no change to other terms and conditions of the Service Agreement.

By Order of the Board Tai Shing International (Holdings) Limited Luk Yat Hung Chairman

Hong Kong, 23 April 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 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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