hmvod Limited — Share Issue/Capital Change 2010

Mar 18, 2010

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)

REVISED EXPECTED TIMETABLE FOR THE PROPOSED SUBDIVISION OF SHARES

The Board announces that the expected timetable for the proposed Share Subdivision as set out in the Announcement is revised as detailed below.

Reference is made to the announcement (“ Announcement ”) of the Company in relation to the proposed Share Subdivision published on 9 March 2010. Unless the context otherwise requires, terms used in the Announcement shall have the same meaning when used herein.

The Board would like to propose an additional resolution at the EGM for the purpose of seeking approval of the Shareholders to refresh the general mandate to allot, issue and deal with Shares granted to the Directors at the annual general meeting of the Company held on 6 August 2009 (“ Proposed Refreshment ”), and to include information in relation to the Proposed Refreshment in the circular to be despatched to the Shareholders regarding the Share Subdivision (“ Circular ”). Given that additional time is required for the preparation of the Circular, the expected timetable for the proposed Share Subdivision as set out in the Announcement is revised as follows:

Despatch of the Circular .................................................................................................................26 March 2010 Publication of the notice of EGM ..................................................................................................26 March 2010 Latest time for lodging the form of proxy for the EGM ............................................... 9:30 a.m., 13 April 2010 EGM ................................................................................................................................ 9:30 a.m., 15 April 2010 Announcement of poll results of the EGM......................................................................................15 April 2010

The following events are conditional on the fulfillment of the conditions for the implementation of the Share Subdivision: Effective date of the Share Subdivision ...........................................................................................16 April 2010 Dealings in the Subdivided Shares commence .............................................................. 9:30 a.m., 16 April 2010

* For identification purpose only

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Original counter for trading in existing Shares in board lots of 20,000 Shares temporarily closes .................................................... 9:30 a.m., 16 April 2010 Temporary counter for trading in board lots of 200,000 Subdivided Shares (in the form of certificates of existing Shares (“ Existing Share Certificates ”)) opens .................................................................... 9:30 a.m., 16 April 2010 First day of free exchange of Existing Share Certificates for new certificates for the Subdivided Shares (“ New Share Certificates ”).........................................................................................................16 April 2010 Original counter for trading in Subdivided Shares in board lots of 20,000 Subdivided Shares (in the form of New Share Certificates) reopens....................................................... 9:30 a.m., 30 April 2010 Parallel trading in Subdivided Shares (in the form of New Share Certificates and the Existing Share Certificates) commences ............................................................. 9:30 a.m., 30 April 2010 Parallel trading in Subdivided Shares (in the form of New Share Certificates and the Existing Share Certificates) ends .......................................................................... 4:00 p.m., 20 May 2010 Temporary counter for trading in board lots of 200,000 Subdivided Shares (in the form of Existing Share Certificates) closes....................................................................................................... 4:00 p.m., 20 May 2010 Last day for free exchange of Existing Share Certificates for the New Share Certificates .................................................................................... 4:00 p.m., 25 May 2010

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

Hong Kong, 18 March 2010

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

Executive Directors:

Mr. Luk Yat Hung (Chairman) Ms. Li Wenli Mr. Wong Chung Wai Eric Mr. Chan Yun Sang

Independent non-executive Directors:

Professor Ip Ho Shing, Horace Mr. Yan Yonghong Mr. Peng Lijun Mr. Tang Sze Lok

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: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) 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.

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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