Qiniu Limited — Capital/Financing Update 2002

Oct 28, 2002

This announcement is for information purposes only and does not constitute an invitation or offer nor is it calculated to invite offers to acquire, purchase or subscribe for securities.

The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim 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 used in this announcement shall have the same meanings as those defined in the prospectus dated 28th October, 2002 (the “Prospectus”) issued by Rontex International Holdings Limited (the “Company”).

RONTEX INTERNATIONAL HOLDINGS LIMITED 朗迪國際控股有限公司 [*]

(incorporated in the Cayman Islands with limited liability)

PLACING, PUBLIC OFFER AND OFFER FOR SALE

Total number of Offer Shares: 60,000,000 Shares (subject to Over-allotment Option and reallocation) Number of Placing Shares: 51,000,000 Shares comprising 27,000,000 New Shares (subject to reallocation and Over-allotment Option) and 24,000,000 Sale Shares (subject to reallocation) Number of Public Offer Shares: 9,000,000 New Shares (subject to reallocation) Offer Price: $1.00 per Share Nominal value: $0.01 each Stock code: 1142

Sponsor Co-Sponsor

CSC ASIA LIMITED

FIRST ASIA FINANCE GROUP LIMITED

Lead Manager and Bookrunner

EVER-LONG SECURITIES COMPANY LIMITED

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Underwriters

Ever-Long Securities Company Limited Great China Brokerage Limited Luen Fat Securities Company Limited Ong Asia Securities (HK) Limited Peace Town Securities Limited Sanfull Securities Limited Taiwan Concord Capital Securities (Hong Kong) Limited

Application has been made to the Listing Committee of the Stock Exchange for the listing of, and permission to deal in, the shares of $0.01 each (the “Shares”) in the share capital of the Company in issue and to be issued as described in the Prospectus and the application forms relating thereto, and any Shares which may fall to be issued upon the exercise of the options which may be granted under the Share Option Scheme of the Company. Dealings in the Shares are expected to commence on the main board of the Stock Exchange (“Main Board”) at 9:30 a.m. on Friday, 8th November, 2002. Subject to the granting of the listing of, and permission to deal in, the Shares on the Main Board, as well as compliance with the stock admission requirements of HKSCC, the Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in the Central Clearing and Settlement System (“CCASS”) with effect from the commencement date of dealings in the Shares on the Main Board or any other date as determined by HKSCC. Settlement of transaction between participants of the Stock Exchange is required to take place in CCASS on the second business day after any trading day. All activities under CCASS are subject to the General Rules of CCASS and the CCASS Operational Procedures in effect from time to time.

The Offer comprises (a) an offer by the Company of initially 9,000,000 new Shares under the Public Offer; and (b) an offer by the Company of initially 27,000,000 new Shares and an offer by the Vendor for sale of initially 24,000,000 Sale Shares under the Placing. Up to 900,000 Public Offer Shares (the “Employee Shares”) (representing 10% of the Public Offer Shares initially available under the Public Offer) are available for subscription by full-time employees of the Group (other than the Directors or chief executive of the Company or any of its subsidiaries, existing beneficial owner(s) of the Shares and their respective associates (as defined in the Listing Rules), on a preferential basis under the Public Offer . Applications for 100% or more of the Employee Shares will be rejected.

Multiple and suspected multiple applications on WHITE and YELLOW application forms, applications made by an applicant for more than 100% of the Public Offer Shares being initially available for public subscription under the Public Offer and an application made by one applicant on one PINK application form for more than 100% of the Public Offer Shares initially available for application by eligible full-time employees of the Group on a preferential basis under the Public Offer will be rejected and only one application on a WHITE and YELLOW application form may be made for the benefit of any person. Applicants for the Public Offer Shares are required to undertake and confirm that they have not taken up any Placing Shares under the Placing. The Company, the Directors, the Sponsors, the Lead Manager and the Underwriters will take reasonable steps to identify and reject applications under the Public Offer from investors who have received Placing Shares under the Placing, and to identify and reject indications of interests in the Placing from investors who have received Public Offer Shares under the Public Offer.

The Offer is conditional on the fulfillment of conditions as stated in the paragraph headed “Conditions of the Offer” in the section headed “Structure of the Offer” in the Prospectus. If any of the conditions are not fulfilled on or before 27th November, 2002, your application money will be returned to you, without interest. The terms on which your application money will be returned to you are set out under the paragraph headed “Refund of your money” in the application forms.

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Applications for the Public Offer Shares will only be considered on the basis of the terms and conditions of the Prospectus and the WHITE , YELLOW and PINK application forms relating thereto. Applicants who would like to be issued and allotted Public Offer Shares in their names should complete and sign the WHITE application forms. Applicants who would like to have the allotted Public Offer Shares issued in the name of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS investor participants stock accounts or the stock accounts of their designated CCASS participants maintained in CCASS should complete and sign the YELLOW application forms, copies of which, together with the Prospectus, may be obtained during normal business hours from 9:00 a.m. on Monday, 28th October, 2002 until 12:00 noon on Thursday, 31st October, 2002 at the depository counter of HKSCC at 2nd Floor, Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong or the Customer Service Centre of HKSCC at Upper Ground Floor, V-Heun Building, 128-140 Queen’s Road Central, Hong Kong.

The PINK application forms together with the Prospectus have been made available to the full-time employees of the Group (excluding the Directors or chief executive of the Company or any of its subsidiaries, existing beneficial owner(s) of the Shares and their respective associates (as defined in the Listing Rules)). Completed PINK application forms, with payment attached, must be returned to the Company’s secretary, Mr. Lau Ka Man, Kevin, at 23rd Floor, Chun Wo Commercial Centre, 23, 25, 27 and 29 Wing Wo Street, Central, Hong Kong, by 4:00 p.m. on Wednesday, 30th October, 2002. WHITE application forms together with copies of the Prospectus may be obtained during the normal business hours from 9:00 a.m. on Monday, 28th October, 2002 to 12:00 noon on Thursday, 31st October, 2002 from:

CSC Asia Limited, at 28th Floor, Cosco Tower, Grand Millennium Plaza, 183 Queen’s Road Central, Hong Kong

First Asia Finance Group Limited, at Unit 1502, 15th Floor, World Wide House, 19 Des Voeux Road Central, Hong Kong

Ever-Long Securities Company Limited, at 18th Floor, Dah Sing Life Building, 99-105 Des Voeux Road Central, Hong Kong

Great China Brokerage Limited, at 6th Floor, Crocodile House I, 50 Connaught Road Central, Hong Kong

Luen Fat Securities Company Limited, at 23rd Floor, Euro Trade Centre, 21-23 Des Voeux Road Central, Hong Kong

Ong Asia Securities (HK) Limited, at Suite 1901, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong

Peace Town Securities Limited, at 2nd Floor, AON China Building, 29 Queen’s Road Central, Hong Kong

Sanfull Securities Limited, at 20th Floor, Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong

Taiwan Concord Capital Securities (Hong Kong) Limited, at Room 3005-6, The Center, 99 Queen’s Road Central, Hong Kong

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or any of the following branches of Standard Chartered Bank:

Hong Kong Island: CIG Building Branch Shop B, G/F, CIG Building, 141 Des Voeux Road Central Des Voeux Road Branch Standard Chartered Bank Building, 4-4A Des Voeux Road Central Landmark Branch The Landmark, 15 Queen’s Road Central Leighton Centre Branch Shop 12-16, Upper Ground Floor, Leighton Centre, 77 Leighton Road Hennessy Road Branch 399 Hennessy Road, Wanchai Taikoo Place Branch G/F, 969 King’s Road, Quarry Bay Kowloon: Mongkok Bank Centre Branch Bank Centre, 630-636 Nathan Road, Mongkok Tsim Sha Tsui Branch 10 Granville Road, Tsimshatsui Kwun Tong Branch 88-90 Fu Yan Street, Kwun Tong Cheung Sha Wan Branch 828 Cheung Sha Wan Road, Cheung Sha Wan New Territories: Tsuen Wan Branch Basement 1/F, Emperor Plaza, 263 Sha Tsui Road, Tsuen Wan

Completed WHITE or YELLOW application forms, with payment attached, should be deposited in the special collection boxes provided at any of the branches of Standard Chartered Bank referred to above on the following dates during the following times:

– Monday, 28th October, 2002 9:00 a.m. to 4:00 p.m. – Tuesday, 29th October, 2002 9:00 a.m. to 4:00 p.m. – Wednesday, 30th October, 2002 9:00 a.m. to 4:00 p.m. Thursday, 31st October, 2002 – 9:00 a.m. to 12:00 noon

The application lists will be open from 11:45 a.m. to 12:00 noon, on Thursday, 31st October, 2002.

The application lists will not be open if there is a tropical cyclone warning signal number 8 or above, or a “black” rainstorm warning signal in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon on Thursday, 31st October, 2002 . Instead they will be open between 11:45 a.m. and 12:00 noon on the next business day which does not have either of those warning signals in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon as described under the section headed “How to apply for the Public Offer Shares” in the Prospectus. Business day means a day that is not a Saturday, Sunday or public holiday in Hong Kong.

The Company will not issue any temporary document of title. No receipt will be issued for application monies paid.

The Company has granted to the Underwriters the Over-allotment Option exercisable by the Lead Manager (for itself and on behalf of the other Underwriters), within 30 days from the date of the Prospectus, to require the Company to issue up to 9,000,000 additional new Shares, representing 15% of the number of Shares initially available under the Offer, solely to cover any over-allocations in the Placing. If any part of the Over-allotment Option is exercised, an announcement will be made in English in The Standard and in Chinese in Hong Kong Economic Times.

Announcement of the level of indication of interests in the Placing, the results of the applications and the basis of allotment of the Public Offer Shares are scheduled to be published in The Standard (in English) and Hong Kong Economic Times (in Chinese) on Tuesday, 5th November, 2002. Details of the procedures regarding the despatch of share certificates and/or refund cheques are set out in the paragraph headed

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“Collection/despatch of share certificates and refund cheques and deposit of share certificates into CCASS” in the section headed “How to apply for the Public Offer Shares” in the Prospectus and in the section headed “If your application for Public Offer Shares is successful (in whole or in part)” in the application forms.

By order of the board Rontex International Holdings Limited Cheung Keng Ching Chairman

Hong Kong, Monday, 28th October, 2002

* For identification purposes only

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

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