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

Aug 16, 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)

LAPSE OF PLACING AND SUBSCRIPTION AGREEMENT

Reference is made to (i) the announcement of Universe International Holdings Limited (the “ Company ”) dated 4 August 2011 (the “ Announcement ”) in relation to proposed placing of up to 324,000,000 existing Shares on a best effort basis and subscription of up to 324,000,000 new Shares under the general mandate; and (ii) the announcement of the Company dated 12 August 2011 in relation to extension of the Placing Completion Date from 12 August 2011 to 17 August 2011. Unless otherwise stated, terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to the Placing and Subscription Agreement, the Placing Agent has agreed to procure not less than six Placees to purchase up to 324,000,000 Placing Shares at the Placing Price of HK$0.115 per Placing Share on a best effort basis during the Placing Period. On 16 August 2011 (after trading hours), the Company was informed by the Placing Agent that the Placing cannot be completed on 17 August 2011, being the extended Placing Completion Date, and thus the Placing shall lapse. Since the Subscription is conditional upon, among other things, completion of the Placing, the conditions precedent to the Subscription cannot be fulfilled on or before 18 August 2011. Accordingly, the Placing and Subscription Agreement shall lapse and no new Shares will be issued by the Company under the Placing and Subscription Agreement.

As set out in the Announcement, the proceeds from the Subscription are intended to be used for general working capital. The Directors are of the view that the lapse of the Placing and Subscription Agreement has no material adverse impact on the business operation and financial position of the Company.

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

Hong Kong, 16 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.

• for identification purpose only