hmvod Limited — Major Shareholding Notification 2005

Aug 17, 2005

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8103)

HIGH CONCENTRATION OF SHAREHOLDING

This announcement is made at the request of the Stock Exchange.

The Board was informed by the Stock Exchange that there was a high concentration of the Company’s public float in the hands of a small number of investors as at 18 July 2005.

Shareholders and investors are advised to exercise caution when dealing in the Shares.

This announcement is made at the request of the Stock Exchange.

The Board was informed by the Stock Exchange that on the basis of information provided by the Securities and Futures Commission, as at 18 July 2005, 22 entities held an aggregate of 38,787,600 Shares through HKSCC Nominees Limited, representing approximately 51.64% of the then issued share capital of the Company. The aggregate shareholding of such 22 entities together with those held by Wide Source Group Limited and Best Jade Limited (being the two largest Shareholders of the Company) amounted to 67,620,076 Shares, representing approximately 90.03% of the issued share capital of the Company as at 18 July 2005. Accordingly, excluding the Shares held by Wide Source Group Limited, Best Jade Limited and the abovementioned 22 entities, Shares held by other small investors were estimated to be approximately 9.97% of the issued share capital of the Company as at 18 July 2005.

Besides, as stated in the announcement of the Company dated 25 July 2005, the Company has entered into an acquisition agreement with Tsinghua Tongfang Co. Limited (“Tsinghua Tongfang”) in relation to the acquisition (“Acquisition”) of 35% equity interest in Tongfang Electronic (Hong Kong) Company Limited by way of an issue of 15,890,000 Shares (“Consideration Shares”) to Tsinghua Tongfang. Upon the issue of the Consideration Shares, the 22 entities mentioned above, together with Wide Source Group Limited, Best Jade Limited and Tsinghua Tongfang will hold approximately 91.77% of the enlarged issued share capital of the Company.

• for identification purpose only

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According to the latest notifications received by the Company in respect of disclosure of interests under the SFO, as at the date of this announcement, Wide Source Group Limited (a company which is 50% owned by Mr. Luk Yat Hung, an executive Director, and 50% owned by Mr. Ma Bing) and Best Jade Limited (a company which is wholly owned by Ms. Li Lu Yuan) are interested in approximately 28.68% and approximately 9.57% of the issued share capital of the Company respectively. Save as disclosed above and according to the information available to the Company, no other connected person (as defined under the GEM Listing Rules) is interested in the share capital of the Company. Accordingly, as at the date of this announcement, approximately 61.75% of the issued share capital of the Company is in the public hands.

The Company has also reviewed the list of Shareholders provided by the branch registrar of the Company in Hong Kong, Computershare Hong Kong Investor Services Limited (“Computershare”), and the CCASS Participant Shareholding Report generated by HKSCC. The following table shows the shareholding structure of the Company as at 11 August 2005 based on the list of Shareholders provided by Computershare:

		Approximate
		percentage of the
		issued share
		capital of the
	Number of Shares	Company
Wide Source Group Limited (Note 1)	21,542,476	28.68%
Best Jade Limited (Note 2)	7,190,000	9.57%
HKSCC Nominees Limited (Note 3)	45,561,876	60.67%
10 other Shareholders	810,648	1.08%
Total	75,105,000
Notes:

1. Wide Source Group Limited is a company incorporated in the British Virgin Islands with limited liability and is ultimately and beneficially owned as to 50% by Mr. Luk Yat Hung, an executive Director, and as to 50% by Mr. Ma Bing. Accordingly, each of Mr. Luk Yat Hung and Mr. Ma Bing will be deemed to be interested in 21,542,476 Shares held by Wide Source Group Limited under the SFO.

2. Best Jade Limited is a company incorporated in the British Virgin Islands with limited liability and is 100% ultimately and beneficially owned by Ms. Li Lu Yuan. Accordingly, Ms. Li Lu Yuan will be deemed to be interested in 7,190,000 Shares held by Best Jade Limited under the SFO. As at the date of this announcement, save for her shareholding interest in the Company, Ms. Li is an independent third party not connected with the directors, chief executive, management shareholders or substantial shareholders of the Company or any of its subsidiaries or any Associates of any of them.

3. According to the CCASS Participant Shareholding Report generated by HKSCC dated 11 August 2005, 44,357,666 Shares were held by 124 CCASS participants. The difference of 1,204,210 Shares between the list of Shareholders provided by Computershare and the CCASS Participant Shareholding Report generated by HKSCC is due to the different updating process handled by these two organizations.

Shareholders and investors are advised to exercise caution when dealing in the Shares.

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DEFINITIONS

In this announcement, the following expressions have the meanings set out below unless the context requires otherwise.

“Associates” has the meaning ascribed thereto under the GEM Listing Rules “Board” Board of Directors “CCASS” the Central Clearing and Settlement System established and operated by HKSCC “Company” Tai Shing International (Holdings) Limited, a company incorporated in the Cayman Islands with limited liability, the Shares of which are listed on GEM “Director(s)” director(s)of the Company “GEM” the Growth Enterprise Market of the Stock Exchange “GEM Listing Rules” the Rules Governing the Listing of Securities on GEM “HKSCC” Hong Kong Securities Clearing Company Limited “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)

“Stock Exchange” The Stock Exchange of Hong Kong Limited

“Share(s)” ordinary share(s) of HK$0.05 each in the share capital of the Company

“Shareholder(s)” holder(s) of the Shares

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

Hong Kong, 17 August 2005

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

Mr. Luk Yat Hung (Chairman) Ms. Li Wenli

Independent Non-executive Directors: Mr. Chung Shui Ming, Timpson Professor Ip Ho Shing, Horace Mr. Yan Yonghong Mr. Peng Lijun

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This announcement will remain on the “Latest Company Announcement” page of the GEM website for at least 7 days from its date of publication.

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: (i) the information contained in this announcement is accurate and complete in all material respects and not misleading; (ii) there are no other matters the omission of which would make any statement in this announcement misleading; and (iii) 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.

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