Qiniu Limited — M&A Activity 2006

Jul 27, 2006

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.

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

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1142)

ANNOUNCEMENT

Reference is made to the announcement of the Company (the “ Announcement ”) dated 27 June 2006 in relation to the LOI entered into between the Vendor and Jump Go in respect of the possible acquisition of the Sale Shares, representing approximately 60.31% of the entire issued share capital of the Company. Unless otherwise stated herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board wishes to set out the progress in relation to the possible acquisition of the Sale Shares in this announcement pursuant to Rule 3.7 of the Takeovers Code. As at the date of this announcement, Jump Go is still in the process of conducting due diligence exercise over the assets, liabilities, operations and affairs of the Company and its subsidiaries. The Board was informed by the Vendor that no binding agreement has been entered into between the Vendor and Jump Go for the acquisition of the Sale Shares as at the date of this announcement. The Company will make further announcement(s) in accordance with the Takeovers Code as and when appropriate to keep the Shareholders informed.

Under the LOI, the long stop date for entering into a binding sale and purchase agreement is 11 August 2006 (or such later date as may be agreed by the parties). Should any definitive sale and purchase agreement be entered into and completed, the acquisition of the Sale Shares would result in a change in control of the Company and in such eventuality a general offer will be extended by Jump Go for all the issued Shares (other than those owned or agreed to be acquired by Jump Go and parties acting in concert with it) in accordance with the Takeovers Code.

The proposed acquisition of the Sale Shares may or may not proceed, investors and Shareholders are reminded to exercise caution when dealing in the shares of the Company.

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

Hong Kong, 27 July 2006

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As at the date of this announcement, the executive Directors are Mr. Cheung Keng Ching and Madam Chou Mei and the independent non-executive Directors are Mr. Wan Ngar Yin David, Mr. Lo Siu Tong Alfred and Madam Wong Lai Wah Ada.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

• For identification purpose only

Please also refer to the published version of this announcement in the China Daily.

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