Rego Interactive Co., Ltd — Board/Management Information 2004

Dec 16, 2004

==> 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)

Resolution passed at the Eleventh Meeting of the Third Board of Directors

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 statement or material omission in this announcement.

Notice of the Eleventh Meeting of the Third Board of Directors (the “Meeting”) was sent to each of the Directors on 6th December 2004 by way of facsimile, and the Meeting was convened by way of facsimile on 16th December 2004. Nine Directors should attend the Meeting and nine Directors were present at the Meeting. The Meeting was conducted in compliance with relevant requirements under the Company Law and the Articles of Association of the Company.

The following resolution was considered and passed in the Meeting:

The “Resolution of the Board of Directors of Tianjin Capital Environmental Protection Company Limited regarding the resignation of Mr. Chan Yuk Hiu as the full time qualified accountant of the Company and the appointment of Ms. To Wai Kum as the full time qualified accountant of the Company” was considered and passed. The resignation of Mr. Chan Yuk Hiu as the full time qualified accountant of the Company and the appointment of Ms. To Wai Kum as the full time qualified accountant of the Company were agreed. Nine Directors voted for the resolution and none voted against it or abstained from voting.

The biography of Ms. To Wai Kum

Ms. To Wai Kum, aged 41, female, graduated in 1991 from The University of Lancaster with a Master degree in accounting and finance. She is currently a fellow member of The Hong Kong Institute of Certified Public Accountants and The Association of Chartered Certified Accountants of The United Kingdom. Ms. To was the head of the accounting department for a multinational corporation, and participated in audit and due diligence work in a Hong Kong accounting firm. She has, in aggregate, over 14 years of experience in accounting and audit.

By Order of the Board Ma Baiyu Chairman

Tianjin, the PRC 16th December 2004

— 1 —

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 Po Ming.

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

— 2 —