ICO Group Limited — Board/Management Information 2005

Apr 25, 2005

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JACKIN INTERNATIONAL HOLDINGS LIMITED （輝影國際集團有限公司）[*]

(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

APPOINTMENT OF DIRECTORS

The Board of the Company announces that Mr. Cheung Sze Ming, Ms. Lo Suk King and Mr. Lai Kam Hung have been appointed as executive directors of the Company with effect from 22 April 2005.

The board of directors (the “Board”) of Jackin International Holdings Limited (the “Company”) announces that Mr. Cheung Sze Ming (“Mr. Cheung”), Ms. Lo Suk King (“Ms. Lo”) and Mr. Lai Kam Hung (“Mr. Lai”) have been appointed as executive directors of the Company with effect from 22 April 2005.

Mr. Cheung, aged 35, is a certified public accountant of the Hong Kong Institute of Certified Public Accountants and holds a bachelor degree in Accountancy from the Hong Kong Polytechnic University. He joined the Group in 2001 and is currently the Financial Controller of the Group responsible for financial control over the Group. Mr. Cheung has 13 years’ working experience in international audit firm and listed companies.

As at the date of this announcement, Mr. Cheung does not have any interests or short position in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (“SFO”), save for the share options granted to him by the Company entitling him to subscribe for 6,872,628 shares of the Company.

Ms. Lo, aged 42, joined the Group in 1990 and has been a director of Jackin Video Cassette Co. Limited since 1994 and Feitian Magnetic Information-Technology (Shenzhen) Co., Ltd. since 2004 respectively, both being wholly owned subsidiaries of the Company. Ms. Lo is responsible for the overall control and business management of the two subsidiaries. She is the spouse of Mr. Ho Fai Keung, Jacky (“Mr. Ho”), the Deputy Managing Director of the Company, and the sister-in-law of Ms. Ho Yin King, Helena (“Ms. Ho”), the Chairman and Managing Director of the Company.

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Jackin International Holdings Limited – Announcement 22 April, 2005

As at the date of this announcement, Ms. Lo does not have any direct interests or short position in the shares of the Company within the meaning of Part XV of the SFO, save for the 4 shares she holds in an associated corporation of the Company, namely Jackin Video Cassette (Taiwan) Limited, as well as her deemed interests in the shares and share options held by Mr. Ho in the Company and its associated corporations as follows:

• (1) a total of 194,462,000 shares representing about 28.29% of the issued share capital of the Company;

• (2) the share options granted to Mr. Ho under the Old Scheme (note) entitling him to subscribe for 2,537,000 shares of the Company;

• (3) the share options granted to Mr. Ho under the New Scheme (note) entitling him to subscribe for 6,872,628 shares of the Company;

• (4) 4 shares of Jackin Video Cassette (Taiwan) Limited;

• (5) 3,200 non-voting deferred shares of Jackin Magnetic Company Limited; and

• (6) 340,000 non-voting deferred shares of Jackin Video Cassette Co. Limited.

• ( Note: Old Scheme means the share option scheme adopted by the Company on 8 November 1996 and terminated by the shareholders of the Company on 12 June 2004; and New Scheme means the share option scheme adopted by the Company on 12 June 2004.)

Mr. Lai, aged 46, joined the Group in 2004 and is a director and the legal representative of 珠 海利滿豐源打印耗材有限公司 and 深圳利滿豐源打印耗材有限公司 , both being wholly owned subsidiaries of the Company. Mr. Lai has more than 29 years of experience in production management. He is the cousin of Ms. Ho and Mr. Ho.

As at the date hereof, Mr. Lai does not have any interests or short position in the shares of the Company within the meaning of Part XV of the SFO.

Each of Mr. Cheung, Ms. Lo and Mr. Lai will enter into a service contract with the Company regarding their directorship in the Company. Their respective service contract is for a period of one year and renewable automatically for consecutive periods of one year subject to retirement by rotation and re-election in accordance with provisions of the Bye-laws of the Company. The emoluments for the three new directors will be reviewed by the Remuneration Committee

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Jackin International Holdings Limited – Announcement 22 April, 2005

of the Company and determined by reference to the Company’s remuneration policy in consideration of their duties and responsibilities as well as the remuneration benchmark in the industry and prevailing market condition.

Save as disclosed above, none of Mr. Cheung, Ms. Lo and Mr. Lai has held any directorship in other public companies in Hong Kong in the past three years, nor any of them has any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company.

The Board is not aware of any other matters which need to be brought to the attention of shareholders of the Company in relation to the appointment of Mr. Cheung, Ms. Lo and Mr. Lai as executive directors of the Company.

The Board would like to welcome Mr. Cheung, Ms. Lo and Mr. Lai on their appointments.

By order of the board of Jackin International Holdings Limited Ho Yin King, Helena Chairman

Hong Kong, 22 April 2005

As at the date of this announcement, the board of directors of the Company comprises (a) executive directors: Ms. Ho Yin King, Helena, Mr. Ho Fai Keung, Jacky, Mr. Low Nyap Heng, Mr. Cheung Sze Ming, Ms. Lo Suk King and Mr. Lai Kam Hung; and (b) independent nonexecutive directors: Mr. Li Sau Hung, Eddy, Mr. Leung Ka Kui, Johnny and Mr. Chan Kam Kwan, Jason.

* for identification purpose only

Please also refer to the published version of this announcement in The Standard.

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Jackin International Holdings Limited – Announcement

22 April, 2005