ICO Group Limited — Capital/Financing Update 2005

Jan 11, 2005

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.

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.

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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)

RESULT OF OPEN OFFER

The Directors announce that a total of 61 valid application forms subscribing for 197,360,071 Offer Shares were received, representing approximately 86.1% of the total number of 229,154,272 Offer Shares available under the Open Offer based on the number of Shares in issue on the Record Date.

Pursuant to the Underwriting Agreement, Sun Hung Kai International Limited, the Underwriter, has performed its obligation by subscribing the remaining balance of 31,794,201 Offer Shares unsubscribed, representing approximately 4.6% of the issued share capital of the Company as enlarged by the Open Offer.

The Open Offer has become unconditional at 5:00 p.m. on 10 January 2005. Certificates for the Offer Shares and the refund cheques (if any) are expected to be despatched by ordinary post to those who are entitled thereto at their own risk on or about 12 January 2005.

Dealings in the fully-paid Offer Shares are expected to commence at 9:30 a.m. on 14 January 2005.

• for identification purposes only

1

Jackin International Holdings Limited – Announcement

11th January 2005

Reference is made to the announcement of the Company dated 3 December 2004 (the “Announcement”), and the prospectus of the Company dated 24 December 2004 (the “Prospectus”). Terms used in the Announcement and the Prospectus shall have the same meanings as in this announcement unless the context otherwise requires.

RESULTS OF THE OPEN OFFER

The Directors announce that a total of 61 valid application forms subscribing for 197,360,071 Offer Shares were received, representing approximately 86.1% of the total number of 229,154,272 Offer Shares available under the Open Offer based on the number of Shares in issue on the Record Date.

As at the date of this announcement, the Company has not received any substantial shareholder notices filed by any new parties who have become substantial Shareholders as a result of the Open Offer.

UNDERWRITING ARRANGEMENTS

Pursuant to the Underwriting Agreement, Sun Hung Kai International Limited, the Underwriter, has performed its obligation by subscribing the remaining balance of 31,794,201 Offer Shares unsubscribed, representing approximately 4.6% of the issued share capital of the Company as enlarged by the Open Offer.

DESPATCH OF SHARE CERTIFICATES AND REFUND CHEQUES

The Open Offer has become unconditional at 5:00 p.m. on 10 January 2005. Certificates for the Offer Shares and the refund cheques (if any) are expected to be despatched by ordinary post to those who are entitled thereto at their own risk on or about 12 January 2005.

Dealings in the fully-paid Offer Shares are expected to commence at 9:30 a.m. on 14 January 2005.

2

Jackin International Holdings Limited – Announcement

11th January 2005

GENERAL

As at the date of this announcement, the Board 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 Jackin International Holdings Limited Ho Yin King, Helena Chairman

Hong Kong, 11 January 2005

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

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Jackin International Holdings Limited – Announcement

11th January 2005