Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2011

Aug 24, 2011

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UNIVERSE INTERNATIONAL HOLDINGS LIMITED 寰宇國際控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

COMPLETION OF PLACING AND SUBSCRIPTION UNDER GENERAL MANDATE

The Board is pleased to announce that the Placing was completed on 22 August 2011 and the Subscription was completed on 24 August 2011 respectively in accordance with the terms and conditions of the Placing and Subscription Agreement in which an aggregate of 87,165,000 Placing Shares had been successfully placed to not less than six Placees, who and whose ultimate beneficial owners are Independent Third Parties at a price of HK$0.115 per Placing Share.

All conditions of the Subscription had been fulfilled and the Company allotted and issued 87,165,000 Subscription Shares to the Subscriber at a price of HK$0.115 per Subscription Share on 24 August 2011.

Reference was made to the announcement of Universe International Holdings Limited (the “ Company ”) dated 17 August 2011 (the “ Announcement ”) in relation to, among other things, proposed placing of existing Shares on a best effort basis and subscription of new Shares under the general mandate. Capitalised terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

The Board is pleased to announce that the Placing was completed on 22 August 2011 and the Subscription was completed on 24 August 2011 respectively in accordance with the terms and conditions of the Placing and Subscription Agreement in which an aggregate of 87,165,000 Placing Shares had been successfully placed to not less than six Placees, who and whose ultimate beneficial owners are Independent Third Parties at a price of HK$0.115 per Placing Share.

All conditions of the Subscription had been fulfilled and the Company allotted and issued 87,165,000 Subscription Shares to Globalcrest Enterprises Limited, the Subscriber at a price of HK$0.115 per Subscription Share on 24 August 2011. The net proceeds from the Subscription amount to approximately HK$9.8 million.

None of the Placees became a substantial Shareholder (as defined under the Listing Rules) as a result of the Placing.

• for identification purpose only

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SHAREHOLDING STRUCTURE OF THE COMPANY

Set out below is the shareholding structure of the Company immediately before and after completion of the Placing and the Subscription:

	Immediately	before	Immediately after	Immediately after
	completion of the Placing		completion of the Placing
	and the Subscription		and the Subscription
	Number	Approx	Number	Approx
	of Shares	%	of Shares	%
Globalcrest Enterprises Limited_(Note)_	859,131,705	52.88%	859,131,705	50.19%
Placees	—	—	87,165,000	5.09%
Other public shareholders
(excluding the Placees)	765,473,665	47.12%	765,473,665	44.72%
Total	1,624,605,370	100.00%	1,711,770,370	100.00%

Note: The entire issued share capital of Globalcrest Enterprises Limited is held by Central Core Resources Limited, the trustee of a discretionary trust under which certain immediate family members of Mr. Lam Shiu Ming, Daneil are discretionary objects.

By order of the Board of Universe International Holdings Limited Lam Shiu Ming, Daneil Chairman

Hong Kong, 24 August 2011

As at the date of this announcement, the Board comprises Mr. Lam Shiu Ming, Daneil and Mr. Yeung Kim Piu as executive Directors and Mr. Ng Kwok Tung, Dr. Leung Shiu Ki, Albert and Mr. Ma Chun Fung, Horace as independent non-executive Directors.

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