Walnut Capital Limited — Capital/Financing Update 2011

Aug 1, 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.

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MASTERMIND CAPITAL LIMITED 慧德投資有限公司 [*]

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 905)

EXTENSION OF LONG STOP DATE IN RELATION TO MAJOR TRANSACTION ACQUISITION OF SALE SHARES IN THE TARGET COMPANY

Reference is made to the announcement of the Company dated 13 April 2011 (the “ Announcement ”) in relation to the Acquisition. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless defined otherwise.

Pursuant to the Agreement, Completion is subject to the satisfaction (or waiver, where applicable) of the conditions precedent set forth therein on or before the Long Stop Date (i.e. 1 August 2011). As more time than expected is required to finalise certain information to be included in the circular regarding the aforesaid major transaction, the Company and the Vendor have signed an extension letter on 1 August 2011 to extend the Long Stop Date from 1 August 2011 to 31 October 2011 (or such later date as may be agreed by the Company and the Vendor in writing). Save for the extension of the Long Stop Date, all the terms of the Agreement remain unchanged and legally binding.

By order of the Board Mastermind Capital Limited Chee Man Sang, Eric Executive Director

Hong Kong, 1 August 2011

As at the date of this announcement, the Board comprises of six executive directors, namely, Mr. Mung Kin Keung (Chairman), Mr. Tang Hao (Chief Executive Officer), Mr. Ha Wing Ho, Peter, Mr. Chee Man Sang, Eric, Mr. Michael Stockford and Mr. Mung Bun Man, Alan and three independent non-executive directors, namely, Mr. Lo Tak Kin, Ms. Yu Tin Yan, Winnie and Mr. Patrick Lee.

* For identification purpose only