hmvod Limited — Capital/Financing Update 2011

Dec 1, 2011

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)

COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing Agent

The Board is pleased to announce that completion of the Placing took place on 1 December 2011 in accordance with the terms and conditions of the Placing Agreement.

An aggregate of 12,820,000 Placing Shares have been placed to not less than six Placees at the Placing Price of HK$0.21 per Placing Share.

Reference is made to the announcement (“ Placing Announcement ”) of Tai Shing International (Holdings) Limited (“ Company ”) dated 23 November 2011 in relation to the placing of a maximum of 12,820,000 new shares of the Company. Unless otherwise specified, terms used herein shall have the same meanings as defined in the Placing Announcement.

COMPLETION OF THE PLACING

The Board is pleased to announce that the conditions of the Placing have been fulfilled and completion of the Placing took place on 1 December 2011. Pursuant to the Placing Agreement, an aggregate of 12,820,000 Placing Shares have been placed to not less than six Placees at the Placing Price of HK$0.21 per Placing Share.

To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Placees and (where appropriate) their respective ultimate beneficial owners are independent of, and not connected with, the Company and its connected persons.

The net proceeds from the Placing (after deducting the placing commission and other related expenses payable by the Company) are approximately HK$2.39 million, and the net price of each Placing Share is approximately HK$0.19.

* For identification purpose only

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SHAREHOLDING STRUCTURE OF THE COMPANY

Set out below is the shareholding structure of the Company immediately before and after completion of the Placing:

Mr. Wong Chung Wai, Eric_(Note 1) Mr. Chan Yun Sang(Note 2)_ The Placees under the Placing Other public Total	Shareholding immediately before completion of the Placing Approximate percentage of Number of shareholding Shares (Note 3) 200,000 0.07% 200,000 0.07% 190,000 0.06% 303,528,145 99.81% 304,118,145 100%	Shareholding immediately after completion of the Placing Approximate percentage of Number of shareholding Shares (Note 3) 200,000 0.06% 200,000 0.06% 12,820,000 4.04% 303,718,145 95.83% 316,938,145 100%	Shareholding immediately after completion of the Placing Approximate percentage of Number of shareholding Shares (Note 3) 200,000 0.06% 200,000 0.06% 12,820,000 4.04% 303,718,145 95.83% 316,938,145 100%
			100%

Notes:

1. Mr. Wong Chung Wai, Eric is an executive Director.

2. Mr. Chan Yun Sang is an executive Director.

3. The aggregate percentage may not add up to 100% due to rounding.

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

Hong Kong, 1 December 2011

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As at the date hereof, the Board comprises the following Directors:

Executive Directors:

Mr. Wong Chung Wai, Eric (Chairman) Mr. Chan Yun Sang Mr. Choi King Lit Mr. Han Fangfa Ms. Ju Lijun Mr. Liu Bo

Non-executive Director:

Dr. Pan Jin

Independent non-executive Directors:

Mr. Tang Sze Lok Mr. Chan Wai Kwong, Peter Mr. Xu Jingbin

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.

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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