Minth Group Limited — Capital/Financing Update 2005

Dec 28, 2005

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement is made pursuant to the requirement under Section 9(2) of the Securities and Futures (Price Stabilising) Rules.

The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) 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.

Unless otherwise defined herein, terms in this announcement shall have the same meanings as those terms defined in the prospectus dated 22 November 2005 (the ‘‘Prospectus’’) issued by Minth Group Limited (the ‘‘Company’’).

MINTH GROUP LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 425)

STABILISING ACTION AND END OF STABILISATION PERIOD

• . The Company announces that the stabilisation period in connection with the International Offering ended on 25 December 2005.

• . Stabilisation actions were undertaken by Cazenove during the stabilisation period including: (i) the over-allocation of 30,000,000 Shares pursuant to the International Placing, satisfied by Shares borrowed from Acemind pursuant to a stock borrowing agreement; and (ii) the exercise in full of the Over-allotment Option referred to in the Prospectus in respect of 30,000,000 additional Shares. The Over-allotment Shares were used for the purposes of returning to Acemind the 30,000,000 Shares borrowed.

The Company announces that the stabilisation period in connection with the International Offering ended on 25 December 2005. As advised by Cazenove Asia Limited (‘‘Cazenove’’), the stabilisation manager of the International Offering, the stabilising actions undertaken during the stabilisation period, in compliance with the Securities and Futures (Price Stabilising) Rules, were: (i) the over-allocation of 30,000,000 Shares pursuant to the International Placing, satisfied by Shares borrowed from Acemind pursuant to a stock borrowing agreement; and (ii) the exercise by Cazenove, the Global Coordinator, on behalf of the Placing Underwriters, on 12 December 2005, of the Over-allotment Option referred to in the Prospectus, to cover over-allocations in the International Placing.

Pursuant to the exercise of the Over-allotment Option, the Company allotted and issued 30,000,000 additional Shares at the Offer Price of HK$2.25 per Share (exclusive of brokerage fee, SFC transaction levy, investor compensation levy and Stock Exchange trading fee), being the Offer Price per Share under the International Offering. Such Shares were returned by Cazenove to Acemind under a stock borrowing agreement which was entered into between Cazenove and Acemind for the purpose of covering overallocations in the International Placing. Details of the exercise of the Over-allotment Option are more particularly described in the Company’s announcement dated 12 December 2005.

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As at the date of this announcement, the executive Directors are Mr. Chin Jong Hwa, Mr. Shi Jian Hui, Mr. Mu Wei Zhong, Mr. Chin Jung Huang, Mr. Liang Current Tien Tzu, the non-executive Director is Mr. Shaw Sun Kan Gordon, and the independent non-executive Directors are Mr. Heng Kwoo Seng, Dr. Wang Ching and Mr. Zhang Liren.

By Order of the Board Minth Group Limited Chin Jong Hwa Chairman

Hong Kong, 27 December 2005

Please also refer to the published version of this announcement in South China Morning Post.

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