Sinopec Engineering Group Co Ltd. — M&A Activity 2008

Jun 27, 2008

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.

UNIVERSE INTERNATIONAL HOLDINGS LIMITED

寰宇國際控股有限公司*

(Incorporated in Bermuda with limited liability)

(STOCK CODE : 1046)

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE

TAKEOVERS CODE AND RULE 13.09(1) OF THE LISTING RULES

This announcement is made pursuant to Rule 3.7 of Takeovers Code and Rule 13.09(1) of the Listing Rules .

Reference is made to the announcement issued by Universe International Holdings Limited (the “Company”) dated 19th June 2008 (the “Announcement”). Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As mentioned in the Announcement, Globalcrest Enterprises Limited (“Globalcrest”), a controlling shareholder of the Company, which holds approximately 53.7% of the issued share capital of the Company, negotiated with an independent third party regarding the disposal of its entire holding of the Shares.

On 27th June 2008 (after trading hours), the Board was advised by Globalcrest that its negotiation in relation to the Possible Disposal with the independent third party has ceased as both parties could not come to an agreement on the price and structure for the Possible Disposal.

Made by the order of the Board, the Directors collectively and individually accept responsibility for the accuracy of this announcement.

By Order of the Board

Universe International Holdings Limited

Lam Shiu Ming, Daneil

Chairman

Hong Kong, 27th June 2008

* For identification purpose only

As at the date hereof, the Board comprises:

Executive Director:

Mr. Lam Shiu Ming, Daneil

Ms. Chiu Suet Ying

Mr. Yeung Kim Piu

Independent Non-Executive Director:

Mr. Ng Kwok Tung

Mr. Chiu Shin Koi

Mr. Ma Ting Hung

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

Website: http://www.uih.com.hk