ICO Group Limited — Capital/Financing Update 2005

Apr 20, 2005

==> picture [162 x 35] intentionally omitted <==

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

(Incorporated in Bermuda with limited liability)

(Stock code: 630)

ANNOUNCEMENT IN RELATION TO CERTAIN INFORMATION CONTAINED IN THE OPEN OFFER PROSPECTUS

The board of directors of the Jackin International Holdings Limited (the “ Company ”) announces that it has discovered a mistake in the calculation of the net tangible assets of the Company and its subsidiaries (the “ Group ”) as at 30 June 2004 contained in the Pro Forma Statement of the Unaudited Adjusted Consolidated Net Tangible Assets of the Group (the “ Statement ”) as disclosed in page 85 of the prospectus of the Company dated 24 December 2004 (the “ Prospectus ”) in relation to the open offer on the basis of one offer share for every two shares of the Company (the “ Open Offer ”).

The net tangible assets of the Company and its subsidiaries (the “ Group ”) as at 30 June 2004 in the Statement should be HK$255,673,000 instead of HK$355,194,000.

The board of directors of the Company announces that it has discovered a mistake in the calculation of certain figures in the Statement as disclosed in page 85 of the Prospectus.

The table below set out the figures in the Prospectus and the correct figures. The correct figures are based on the unaudited consolidated net assets of the Group as at 30 June 2004 (the “ Interim Report ”) adjusted to reflect the effect of the Open Offer and assuming that 229,154,272 offer shares were issued under the Open Offer.

1

Jackin International Holdings Limited – Announcement

19 April 2005

The figures asdisclosed inthe ProspectusHK$ The net tangible assets per the Interim Report355,194,000Estimated net proceeds of the Open Offer21,000,000Pro forma net tangible assets376,194,000Net tangible assets per share before the Open Offer0.775Net tangible assets per share after the Open Offer0.547	The correctfiguresHK$ 255,673,000
	21,000,000276,673,0000.5580.402

The net tangible assets per the Interim Report as disclosed in the Prospectus represents the total assets less the current liabilities of the Group as at 30 June 2004 as disclosed in the Interim Report (as disclosed on page 72 of the Prospectus). The correct net tangible assets per Interim Report should be calculated as follows:

Net tangible assets per Interim Reportas disclosed on page 85 of the Prospectus_Less:_Non-current liabilities per Interim Report_Less:_Intangible assets per Interim Report_Less:_GoodwillNet tangible assets per Interim Report	HK$ 355,194,000(HK$ 45,192,000)(HK$ 13,548,000)(HK$ 40,781,000)HK$255,673,000

The miscalculation was clerical in nature and would have been apparent from a review of the Interim Report.

2

Jackin International Holdings Limited – Announcement

19 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 and Mr. Low Nyap Heng; and (b) independent non-executive directors: Mr. Li Sau Hung, Eddy, Mr. Leung Ka Kui, Johnny and Mr. Chan Kam Kwan, Jason.

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

Hong Kong, 19 April 2005

• For identification purpose only

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

3

Jackin International Holdings Limited – Announcement

19 April 2005