Uni-Bio Science Group Limited — Capital/Financing Update 2007

Aug 22, 2007

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(incorporated in the Cayman Islands with limited liability)

(Stock code: 690)

COMPLETION OF THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF ZETHANEL PROPERTIES LIMITED

The Board is pleased to announce that the Acquisition was completed on 22 August 2007.

Reference is made to the announcement made by Uni-Bio Science Group Limited (the “ Company ”) dated 24 July 2007 and the circular dated 2 August 2007 (the “ Circular ”) issued by the Company to its shareholders relating to the acquisition (the “ Acquisition ”) of the entire issued share capital of Zethanel Properties Limited.

Unless otherwise stated, terms used in this announcement have the same meanings as defined in the Circular.

The Board wishes to announce that the Purchaser of the Acquisition, a wholly-owned subsidiary of the Company, had elected to settle the consideration for the Acquisition in the amount of HK$366,685,000 partly in cash in the amount of HK$165,000,000 and partly by the allotment and issue of an aggregate of 36,670,000 Consideration Shares, credited as fully paid, to the Vendors at an issue price of HK$5.50 each for the aggregate amount of HK$201,685,000.

The Board is also pleased to announce that the Acquisition was completed on 22 August 2007.

The Consideration Shares represent approximately 3.38% of the issued share capital of the Company of 1,086,000,280 ordinary shares (the “ Shares ”) of HK$0.10 each in the Company immediately prior to completion of the Acquisition and approximately 3.27% of the issued share capital of the Company of 1,122,670,280 Shares as enlarged by the issue of the Consideration Shares. The Consideration Shares were issued on 22 August 2007 under the Special Mandate granted to the Directors at the EGM held on 17 August 2007.

By Order of the Board Uni-Bio Science Group Limited Tong Kit Shing Chairman

Hong Kong, 22 August 2007

As at the date of this announcement, the executive Directors are Mr. Tong Kit Shing (Chairman), Mr. Liu Guoyao and Mr. Cheng Wai Man; the independent non-executive Directors are Mr. Zhou Yaoming, Mr. Lin Jian and Mr. So Yin Wai.

* For identification purposes only