Rego Interactive Co., Ltd — Capital/Financing Update 2002

Oct 30, 2002

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.

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

ANNOUNCEMENT

Summary

Reference is made to the announcement made by the Company dated 25th September, 2001 (the “Announcement”). Capitalized terms used herein shall have the same meaning as those used in the Announcement unless otherwise defined herein. The Directors are pleased to announce that the Xianyanglu Agreement, the Jizhuangzi Agreement and the Beicang Agreement (the “Construction Agreements”) and other documents incidental to these agreements for the acquisition of the construction-in-progress of the Xianyanglu Plant, the Jizhuangzi Expansion Plant and the Beicang Plant, respectively, have been duly completed on 30th October, 2002. The necessary pre-conditions for completing the Construction Agreements have been satisfied. The Directors believe that the Proposed Transfers will further strengthen the Company’s dominant position in the sewage water treatment business as well as the environmental protection industry in Tianjin.

Reference is made to the announcement made by the Company dated 25th September, 2001 (the “Announcement”) relating to the discloseable and connected transactions and ongoing connected transactions for the conditional acquisition of the construction-in-progress of the Xianyanglu Plant, the Jizhuangzi Expansion Plant and the Beicang Plant from Tianjin Sewage Company. Capitalized terms used herein shall have the same meaning as those used in the Announcement unless otherwise defined herein.

The Directors are pleased to announce that the Xianyanglu Agreement, the Jizhuangzi Agreement and Beicang Agreement (the “Construction Agreements”) and other documents incidental to these agreements for the acquisition of the construction-in-progress of the Xianyanglu Plant, the Jizhuangzi Expansion Plant and the Beicang Plant, respectively, have been duly completed on 30th October, 2002. The necessary pre-conditions for completing the Construction Agreements have been satisfied. The Directors believe that the Proposed Transfers will further strengthen the Company’s dominant position in the sewage water treatment business as well as the environmental protection industry in Tianjin.

By order of the board of Tianjin Capital Environmental Protection Company Limited Ma Baiyu Chairman

Tianjin, the PRC, 30th October, 2002

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

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