ICO Group Limited — Capital/Financing Update 2007

May 28, 2007

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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)

ANNOUNCEMENT INCREASES IN SHARE PRICE AND TRADING VOLUME

The Board noted the increases in the price and trading volume of the shares of the Company today. The Board wishes to confirm that save as disclosed in this announcement, there are no other negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23, neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09, which is or may be of a price-sensitive nature. The Company will issue an announcement in this regard when formal agreement has been entered into.

The potential transaction may or may not take place. Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (“Stock Exchange”).

The Board of Directors (the “Board”) of Jackin International Holdings Limited (“the Company”) has noted the increases in the price and trading volume of the shares of the Company on the Stock Exchange today and wishes to state that a potential investor has approached the Company indicating an interest to invest in the Company by subscribing for securities of the Company. The transaction, if concluded, will constitute a placing of securities by the Company under the Listing Rules. The negotiation between the Company and the potential investor on the terms of the issuance of securities of the Company by way of placing is in a very preliminary stage. No formal agreement has been entered into by the parties and as such, the transaction may or may not proceed. The Company will issue an announcement in this regard when formal agreement has been entered into.

• for identification purposes only

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Save as the aforesaid, the Board confirms that there are no other negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23, neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09, which is or may be of a price-sensitive nature.

The potential transaction may or may not take place. Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

Made by the order of the Company, the Directors of which individually and jointly accept responsibility for the accuracy of this announcement.

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, Mr. Cheung Sze Ming, and Ms. Lo Suk King; and (b) independent non-executive Directors: Dr. 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, 28 May 2007

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

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