Rego Interactive Co., Ltd — Regulatory Filings 2007

Jul 5, 2007

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)

(Stock Code: 1065)

ANNOUNCEMENT RELATING TO PRICE-SENSITIVE INFORMATION

This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ 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 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.

As per the letter of enquiry from the Shanghai Stock Exchange (Shang Zheng Shang Han [2007] No. 0643), the Company has verified on the news on the issues concerning the administration on corporate income taxes levied on the Company reported by the media. The Company noted that the State Administration of Taxation has issued a “Notice on the issues concerning the administration on corporate income taxes levied on nine listed companies abroad including the Sinopec Shanghai Petrochemical Company Limited” (Guo Shui Han [2007] No. 0664) (hereinafter referred to as the “ Notice ”) on 19th June 2007, which requires the administration on corporate income taxes levied on the nine listed companies abroad including the Company be implemented strictly in compliance with the “Law on the Administration of Taxation Collection of the People’s Republic of China” (hereinafter referred to as “ Tax Administration Law ”) and other relevant laws and regulations. The preferential tax policy that has fallen due but is still being adopted must be rectified immediately. Those differences in corporate tax arising from the preferential tax policy applicable in prior years that has fallen due shall be dealt with according to the Tax Administration Law.

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The Company was formerly known as Tianjin Bohai Chemical Industry (Group) Company Limited (hereinafter referred to as “ BCI ”) and was subject to a corporate income tax rate of 15%. BCI recorded losses for two consecutive financial years in 1998 and 1999. Restructuring of the Company was completed in December 2000. During the year of restructuring, businesses discarded were subject to a corporate income tax rate of 15% and the amount of corporate income tax paid by the discarded businesses for that year was RMB157,000. Businesses acquired were subject to a corporate income tax rate of 33%. Since 2001, the Company has been paying corporate income taxes at the rate of 33%.

Since the Company has currently complied with the applicable corporate income tax rate of 33% pursuant to the Notice, the publication of the Notice and its implementation will not have any impact on the future production and operations of the Company.

Regarding other issues mentioned in the media reports, the Company is in the process of liaising with the relevant taxation authorities of the People’s Republic of China at the moment, therefore the Company is unable to assess any solid impact for the time being. Should there be any new progress about this matter, a timely disclosure will be made by the Company in accordance with the Listing Rules of the Hong Kong Stock Exchange.

By order of the Board Ma Baiyu Chairman

Tianjin, the PRC 5 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.

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