Tsun Yip Holdings Limited — Proxy Solicitation & Information Statement 2010

Dec 2, 2010

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.

==> picture [81 x 50] intentionally omitted <==

TSUN YIP HOLDINGS LIMITED 進業控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8356)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“ EGM ”) of Tsun Yip Holdings Limited (“ Company ”) will be held at Room 3, United Conference Centre Limited, 10/F, United Centre, 95 Queensway, Hong Kong on Wednesday, 22 December 2010 at 10:30 a.m. for the purpose of considering and, if thought fit, passing the following resolution of the Company:

ORDINARY RESOLUTION

“ THAT conditional on The Stock Exchange of Hong Kong Limited granting the listing of, and permission to deal in, the subdivided shares of HK$0.001 each in the issued share capital of the Company, each of the issued and unissued share of HK$0.01 in the share capital of the Company be sub-divided into 10 new shares of HK$0.001 each (“ Share Subdivision ”) with effect from the business day immediately following the day on which this resolution is passed so that the authorised share capital of the Company will be HK$500,000,000 divided into 500,000,000,000 shares of HK$0.001 each immediately following the Share Subdivision, and any director of the Company be and is hereby authorised to sign and execute such documents and do all such acts and things incidental to any of the foregoing as he considers necessary, desirable or expedient in connection with the implementation of or giving effect to any of the foregoing and the transactions contemplated thereunder.’’

By order of the Board Tsun Yip Holdings Limited Tam Tsang Ngai Company Secretary

Hong Kong, 3 December 2010

Registered office:

Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands

Head office and principal place of business in Hong Kong: Flat 314, 3/F Fuk Shing Commercial Building 28 On Lok Mun Street Fanling, New Teritories Hong Kong

— 1 —

Notes:

1. Any member of the Company entitled to attend and vote at the EGM is entitled to appoint one or, if he/she holds two or more Shares, more than one proxy to attend and vote instead of him/her. A proxy need not be a member of the Company.

2. To be valid, this form of proxy, together with the relevant power of attorney or other authority (if any) under which it is signed, or a certified copy thereof, must be deposited at the Company’s branch share registrar in Hong Kong, Tricor Investor Services Limited at 26/F, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong as soon as possible and in any event not less than 48 hours before the time scheduled for holding the EGM or any adjournment thereof.

3. In case of joint holders of any Share, any one of such joint holders may vote at the EGM, either in person or by proxy, in respect of such Share as if he/she were solely entitled thereto. If more than one of such joint holders are present at the EGM in person or by proxy, the person so present whose name stands first in the register of members of the Company in respect of such Share shall alone be entitled to vote in respect of it.

4. Completion and return of the form of proxy will not preclude a member of the Company from attending the EGM and voting in person at the EGM or any adjournment thereof if he/she so wishes. If a member attends the EGM after having deposited the form of proxy, his/her form of proxy will be deemed to have been revoked.

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors:

Kan Kwok Cheung Cheng Ka Ming, Martin Fung Chung Kin Chia Thien Loong, Eric John

Independent non-executive Directors: Lim Hung Chun Lo Ho Chor Sung Lee Kwok

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the Stock Exchange website at http://www.hkexnews.hk and on the “Latest Company Announcements” page for 7 days from the day of its posting. This announcement will also remain on the Company’s website at http://www.tsunyip.hk.

— 2 —