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

Jul 3, 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 THE QUARTERLY CONVERION OF THE A SHARE CONVERTIBLE BONDS

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

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.

On 1st July, 2004, the Company issued 12,000,000 A share convertible bonds (the “ A Share Convertible Bonds ”) of the Company in the sum of RMB1,200,000,000, with conversion period commencing from 1st July, 2005. The period for the Sale Back of the A Share Convertible Bonds was from 5th August 2005 to 11th August 2005, and during such period, the holders of 8,239,020 A Share Convertible Bonds exercised the Sale Back, and there were 3,760,980 A Share Convertible Bonds remained outstanding. As at the close of trading on 29th June 2007, 2,818,460 A Share Convertible Bonds (A Share convertible Bonds code: 110874) amounting to RMB281,846,000 converted into the Company’s A Shares “Tianjin Capital” (600874). The number of shares converted in the second quarter of 2007 amounted to 16,660,933 A Shares. As at the closing of trading on 29th June 2007, the accumulated number of Shares converted was 72,636,939 A Shares, representing 5.18% of the Company’s total issued share capital, and there were 942,520 A Share Convertible Bonds amounting to RMB94,252,000 remained outstanding, representing 25.06% of the remaining number of outstanding A Share convertible Bonds after the Sale Back.

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Pursuant to the requirements under the “Interim Measures for the Administration of Convertible Bonds” and the “Rules Governing the Listing of Securities on the Shanghai Stock Exchange”, the detailed information is disclosed as follows:

1. Change in the share capital of the Company (unit: share)

	Number of
	Shares prior to
	the current
	changes (as at
	20th April
	2007, the date
	which		Number of
	restricted		Shares after	Percentage
	circulating A		the current	to the total
	Shares are	Increase in	changes (as at	issued share
	listed and	the current	29th June	capital of
Class of Shares	circulated)	changes	2007)	the Company
Restricted circulating
A Shares	730,619,604	0	730,619,604	52.09%
Non-restricted
circulating A Shares	315,356,402	16,660,933	332,017,335	23.67%
Circulating H Shares	340,000,000	0	340,000,000	24.24%
Total	1,385,976,006	16,660,933	1,402,636,939	100%

1. Shareholdings by the top 10 Shareholders (as at 29th June 2007):

Percentage to the total issued share Number of capital of the Shares held Company Name of Shareholders (unit: share) (unit: %) Class of Shares Tianjin Municipal 774,984,445 55.25 Restricted circulating A Investment Company (Restricted Shares, Non-restricted Limited circularing A circulating H Shares Shares: 730,619,604; Non-restricted circularing A Shares: 44,364,841) HKSCC Nominees Limited 337,280,900 24.05 Circulating H Shares

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		Percentage	Percentage
		**to **	the total
		issued share
	Number of	capital of the
	Shares held	Company
Name of Shareholders	(unit: share)	(unit: %)		Class of Shares
Zhou Jun	4,096,094		0.29	Non-restricted c
				Shares
Shenyang Railway Bureau	3,500,000		0.25	Non-restricted c
Economy Development				Shares
Co., Ltd.
China Huadian Power	2,557,596		0.18	Non-restricted c
Plant Equipment				Shares
Engineering (Group)
Co., Ltd.
Wei Jianzhong	2,425,859		0.17	Non-restricted c
				Shares
Yu Fei	1,780,000		0.13	Non-restricted c
				Shares
BOC — Jiashe Open	1,759,067		0.13	Non-restricted c
Securities Investment				Shares
Fund
Galaxy Securities	1,500,000		0.11	Non-restricted c
				Shares
BOC — Jiashe Shanghai	1,475,604		0.11	Non-restricted c
Shenzhen 300 Index				Shares
Securities Investment
Fund

• 0.29 Non-restricted circulating A Shares

• 0.25 Non-restricted circulating A Shares

• 0.18 Non-restricted circulating A Shares

• 0.17 Non-restricted circulating A Shares

• 0.13 Non-restricted circulating A Shares

• 0.13 Non-restricted circulating A Shares

• 0.11 Non-restricted circulating A Shares

• 0.11 Non-restricted circulating A Shares

• Note: There are another 2,725,000 A Shares which have been retained by the registration and settlement system due to the violation of settlement by Nanfang Securities.

By order of the Board Ma Baiyu Chairman

Tianjin, the PRC 3 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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