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

Jul 30, 2007

==> picture [50 x 50] intentionally omitted <==

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

(Stock Code: 1065)

ANNOUNCEMENT IN RELATION TO THE RESOLUTION PASSED AT THE SEVENTH MEETING OF THE FOURTH BOARD OF DIRECTORS OF THE COMPANY

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 Seventh Meeting of the Fourth Board of the Company was held on 30 July 2007 by way of facsimile. Directors attended in the meeting unanimously passed the “Resolution regarding redemption of the Company’s A Share Convertible Bonds”.

As stipulated in the “Prospectus of Convertible Bonds” of the Company, in any of the interest accruing year within the conversion period of the Company’s A share convertible bonds (“ A Share Convertible Bonds ”), if the closing prices of the Company’s A Shares in any 20 transaction days within any 30 consecutive transaction days are not lower than 130% of the conversion price during the period, the Company shall be entitled to redeem all or a certain proportion of the outstanding A Share Convertible Bonds at 102% of the nominal value plus interests accrued for the year. The closing prices of the Company’s A Shares for the period from 2 July 2007 to 27 July 2007 have been higher than 130% (RMB4.97/share) of the conversion price for the period (RMB3.82/share). Pursuant to the above agreement and the relevant requirements under the “Administrative measures on the issue of securities by listed companies” and “Rules Governing the Listing of Shares on Shanghai Stock Exchange”, the Company decided to exercise the redemption right of the A Share Convertible Bonds, to fully redeem all the outstanding A Share Convertible Bonds after the close of trading on the Registration Date of Redemption.

— 1 —

For details of redemption of the A Share Convertible Bonds, please refer to “The First Announcement Regarding Redemption of the Company’s A Share Convertible Bonds “Tianjin Convertible Bonds”” of the Company announced on the same day.

By order of the Board Ma Baiyu Chairman

Tianjin, the PRC 30 July 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.

— 2 —