Rego Interactive Co., Ltd — Capital/Financing Update 2005

Jun 7, 2005

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(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock code: 1065)

Announcement in Relation to the Change of Representative of China Securities Co., Ltd., the Sponsor for the Listing of the Company’s A Share Convertible Bonds

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Tianjin Capital Environmental Protection Company Limited (the “Company”) and all members of the board (the “Board”) of directors (the “Directors”) of the Company warrant that the content of this announcement is true, accurate and complete, and assume joint responsibility on any false record, misrepresentation or material omission as set out herein.

China Securities Co., Ltd., the sponsor for the listing of the Company’s A share convertible bonds (the “Sponsor”), previously appointed Mr. Song Yongyi and Mr. Xu Guangbing as its representatives assuming the responsibilities of the Sponsor in connection with the listing of the Company’s A share convertible bonds. As Mr. Xu Guangbing has tendered his resignation to China Securities Co., Ltd., China Securities Co., Ltd. hereby appoints Mr. Jia Xiaoliang to replace Mr. Xu Guangbing as the representative of the Sponsor in accordance with the requirements under “Interim method for the sponsorship system for securities issue and listing”.

Mr. Song Yongyi and Mr. Jia Xiaoliang jointly undertake the corresponding duties as the representatives of the Sponsor with immediate effect until the expiry of the continuing supervisory period on 31st December 2005. Mr. Xu Guangbing, the former representative of the Sponsor, undertakes the corresponding obligations during his term of office.

As at the date of this announcement, the Board comprises executive Directors: Ms. Ma Baiyu, Mr. An Pindong, Mr. Gu Qifeng, Mr. Wang Zhanying, Mr. Tan Zhaofu and Ms. Fu Yana, and independent non-executive Directors: Mr Wang Xuangfei, Mr. Gao Zongze, and Mr. Ko Poming.

By order of the Board Ma Baiyu Chairman

Tianjin, the People’s Republic of China 7th June 2005

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

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