hmvod Limited — Share Issue/Capital Change 2004

Feb 6, 2004

IN THE GRAND COURT OF THE CAYMAN ISLANDS

CAUSE NO. 756 OF 2003

In the matter of Systek Information Technology (Holdings) Limited

And in the matter of the Companies Law (2003 Revision)

And Grand Court Rules 1995 Order 102

NOTICE IS HEREBY GIVEN that the Order of the Grand Court of the Cayman Islands dated the 30th January, 2004 confirming the reduction of the issued capital of the above-named Company from HK$103,637,500 to HK$2,072,750 and the Minute approved by the Court showing with respect to the capital of the Company as altered and the several particulars required by the above-mentioned Law were registered by the Registrar of Companies on 2nd February, 2004.

Dated this 3rd day of February, 2004

Charles Adams, Ritchie & Duckworth Attorneys-at-Law for the Petitioner P.O. Box 709 G.T.

Grand Cayman Cayman Islands

THE SCHEDULE ABOVE REFERRED TO

“The issued capital of Systek Information Technology (Holdings) Limited was, by virtue of a Special Resolution passed on 22nd October, 2003 and with the sanction of an Order of the Grand Court of the Cayman Islands dated 30th January, 2004, reduced from HK$103,637,500 divided into 1,036,375,000 shares of HK$0.10 each to HK$2,072,750 divided into 1,036,375,000 shares of HK$0.002 each (“Capital Reduction”). At the date of the registration of this Minute all such shares have been issued and are fully paid up or deemed to be fully paid up.

The authorised share capital of the Company is on the registration of this Minute HK$200,000,000.”

This announcement will remain on the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the date of its posting and on the website of the Company at www.taishingintl.com.

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