Rego Interactive Co., Ltd — Capital/Financing Update 2007

Sep 3, 2007

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(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1065)

ANNOUNCEMENT REGARDING THE RESULTS OF REDEMPTION 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 (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (“ Hong Kong Stock Exchange ”).

Tianjin Capital Environmental Protection Company Limited (the “ Company ”) and all members of the board (the “ Board ”) of directors (the “ Directors ”) of the Company hereby warrant the truth, accuracy and completeness of the contents in this announcement, and accept joint responsibilities for any false information, misleading statements or material omission in this announcement.

The Company published the “Announcement Regarding Redemption of the Company’s A Share Convertible Bonds “Tianjin Convertible Bonds”” in Shanghai Securities Journal, the website of Shanghai Stock Exchange (http://www.sse.com.cn) and the website of Hong Kong Stock Exchange (http://www.hkex.com.hk) on 31 July, 1 August, 2 August, 23 August, 24 August and 27August 2007 respectively. On 28 August 2007, all trading and conversion of the A share convertible bonds of the Company (“ A Share Convertible Bonds ”) were suspended and the outstanding A Share Convertible Bonds were frozen. The Company has redeemed all the outstanding A Share Convertible Bonds at a price calculated at 102% of the nominal value of the A Share Convertible Bonds plus interests accrued during the interest accruing year, being RMB106.94/bond (including interest for the period, which is tax inclusive, and the actual redemption price net of tax was RMB105.95/bond). Distribution of redemption money will be made on 3 September 2007.

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According to the information provided by China Securities Depository and Clearing Corporation Limited Shanghai Branch, A Share Convertible Bonds in the amount of RMB 375,786,000 had been converted into a total of 97,228,430 A Shares of the Company by the close of trading on 27 August 2007, representing 7.31% of the total issued share capital of the Company prior to the commencement of conversion of A Share Convertible Bonds. 3,120 A Share Convertible Bonds were redeemed this time with a principle amount of RMB 312,000, representing only 0.026% of the total principle amounts of the A Share Convertible Bonds (i.e. RMB1,200 million). Therefore, the redemption of A Share Convertible Bonds did not have any material impact on the Company.

By order of the Board Ma Baiyu Chairman

Tianjin, the PRC 3 September 2007

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 Xiangfei, Mr. Gao Zongze and Mr. Ko Poming.

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