hmvod Limited — Capital/Financing Update 2012

May 3, 2012

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 ISSUE OF CONVERTIBLE NOTE

Reference is made to the announcement of Tai Shing International (Holdings) Limited (“ Company ”) dated 19 April 2012 in relation to the proposed issue of a convertible note in the principal amount of HK$15,000,000. Capitalised terms used in this announcement have the same meanings as those defined in such announcement.

The Board is pleased to announce that following the conditions precedent to the Subscription on 30 April 2012, completion of the issue of the Convertible Note took place on 3 May 2012 and the Company received an aggregate of HK$15,000,000 from the Subscriber on the same date.

For a summary of the principal terms and conditions of the Convertible Note, please refer to the announcement of the Company dated 19 April 2012.

As confirmed by the Subscriber, his interests in the Company as at the date of this announcement is 61,500,000 Shares (within the meaning of Part XV of the Securities and Futures Ordinance) comprising 1,500,000 issued Shares and 60,000,000 Conversion Shares.

By order of the Board Tai Shing International (Holdings) Limited Chan Yun Sang Chairman and executive Director

Hong Kong, 3 May 2012

* For identification purpose only

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As at the date of this announcement, the Board comprises the following Directors:

Executive Directors: Mr. Chan Yun Sang (Chairman) Mr. Han Fangfa Ms. Ju Lijun Mr. Liu Bo Ms. Huang Miaochan Mr. Ip Ho Ming Ms. Wong Sau Wai Serena

Non-executive Director:

Dr. Pan Jin

Independent non-executive Directors:

Mr. Tang Sze Lok Mr. Xu Jingbin Ms. Hu Yun

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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