hmvod Limited — Capital/Financing Update 2015

Nov 19, 2015

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 Win Wind Securities Limited

The Board announces that all condition of the Placing has been fulfilled and completion of the Placing took place on 19 November 2015. A total of 135,724,862 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$0.1 per Placing Share pursuant to the terms and conditions of the Placing Agreement.

Reference is made to the announcement of Tai Shing International (Holdings) Limited (the “ Company ”) dated 16 November 2015 in respect of the Placing (the “ Announcement ”). Unless defined otherwise, capitalised terms used herein have the same meanings as those defined in the Announcement.

COMPLETION OF THE PLACING

The Board announces that all condition of the Placing has been fulfilled and completion of the Placing took place on 19 November 2015. A total of 135,724,862 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$0.1 per Placing Share pursuant to the terms and conditions of the Placing Agreement.

To the best of the Director’s knowledge, information and belief, having made all reasonable enquiries, the Placees and their ultimate beneficial owners are Independent Third Parties. None of the Placees becomes a substantial shareholder (as defined under the GEM Listing Rules) of the Company upon completion of the Placing. The net proceeds from the Placing, after deducting relevant expenses incurred in relation to the Placing, amount to approximately HK$12.9 million which will be applied for general working capital and repayment of debt of the Group.

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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:

	Immediately before completion	Immediately before completion	Immediately after completion	Immediately after completion
	of the	Placing	of the	Placing
	Number of Shares	Approximate %	Number of Shares	Approximate %
Placees	–	–	135,724,862	16.67%
Other public Shareholders	735,767,171	100.00%	735,767,171	83.33%
	735,767,171	100.00%	871,492,033	100.00%

By Order of the Board of Tai Shing International (Holdings) Limited Tam Kwok Leung Executive Director

Hong Kong, 19 November 2015

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

Executive Directors:

Dr. Chew Chee Wah (Chairman) Mr. Tam Kwok Leung (Chief Executive Officer)

Ms. Ju Lijun

Mr. Zhang Jinshu

Mr. Luk Chi Shing

Mr. Lee Yiu Tung

Non-executive Directors:

Mr. Dai Yuanxin

Ms. Xiao Yongzhen

Independent non-executive Directors:

Mr. Chan Yee Sze

Mr. Koh Kwing Chang Mr. Lui Wai Ming Mr. Lai Chi Leung

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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 GEM website at http://www.hkgem.com on the “Latest Company Announcements” page for 7 days from the date of its posting and on the website of the Company.

• For identification purpose only

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