JD Logistics, Inc. — Capital/Financing Update 2007

Feb 22, 2007

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(Stock Code: 1172)

DISCLOSURE PURSUANT TO RULE 13.18

OF THE LISTING RULES

On 21 February 2007, a wholly-owned subsidiary of the Company entered into a facility letter with the Bank in relation to the Banking Facilities which varies the covenant relating to specific performance obligation of the controlling shareholder of the Company.

This announcement is made by the Company pursuant to Rule 13.18 of the Listing Rules.

This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited.

Reference is made to the announcement of Midas International Holdings Limited (the “Company”) dated 30 June 2003 (“2003 Announcement”) in relation to, amongst others, the acceptance of certain banking facilities (the “Banking Facilities”) by the Company and certain of its wholly-owned subsidiaries from a bank (the “Bank”) and the joint announcement of the Company, Chuang’s Consortium International Limited (“Chuang’s Consortium”) and Chuang’s China Investments Limited (“Chuang’s China”) dated 8 January 2007 regarding the group rationalisation (the “Group Rationalisation”).

As disclosed in the 2003 Announcement, the Banking Facilities required Chuang’s China and Mr. Alan Chuang Shaw Swee to remain as the combined single largest shareholder of the Company at all times during the subsistence of the Banking Facilities, failing which, the Bank may demand repayment of all or any of the loans outstanding pursuant to the Banking Facilities.

On 21 February 2007, upon completion of the Group Rationalisation, Chuang’s China ceased to be the single largest shareholder of the Company and Chuang’s Consortium became the single largest shareholder of the Company. The Bank has agreed and the wholly-owned subsidiary of the Company has accepted to amend the relevant covenant of the Banking Facilities that, upon completion of the Group Rationalisation, Chuang’s Consortium is required to remain as the single largest shareholder of the Company at all times during the subsistence of the Banking Facilities. As at the date of this announcement, the Banking Facilities have an aggregate amount of HK$69.0 million, comprising a five-year term loan, an overdraft facility, and other trade related facilities.

By Order of the Board Midas International Holdings Limited Kwong Tin Lap Managing Director

Hong Kong, 21 February 2007

As at the date of this announcement, Mr. Ko Sheung Chi, Mr. Kwong Tin Lap, Mr. Kwok Chi Fai, Miss Ann Li Mee Sum, Mr. Paul Tang Chow Ming and Mr. Wong Chi Sing are executive directors of the Company, Mr. Dominic Lai is a non-executive director, Mr. Abraham Shek Lai Him, Dr. Eddy Li Sau Hung and Mr. Yau Chi Ming are independent non-executive directors of the Company.

• For identification purpose only

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