Wisdomcome Group Holdings Ltd. — Board/Management Information 2002

Jun 3, 2002

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 this announcement.

This announcement, for which the directors (the “Directors”) of Rainbow International Holdings Limited (the “Company”) collectively and individually accept responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (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, (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

R A I N B O W C O S M E T I C

RAINBOW INTERNATIONAL HOLDINGS LIMITED 彩虹國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

RESIGNATION OF COMPANY SECRETARY AND QUALIFIED ACCOUNTANT

The board (the “Board”) of Directors would like to announce that Ms. Poon Oi Man resigned as the company secretary and the qualified accountant (as such terms are defined in Rules 5.09 and 5.10 of the GEM Listing Rules, respectively) of the Company with effect from 1 June, 2002. The Board would like to take this opportunity to thank Ms. Poon Oi Man for her past contribution to the Company.

The Directors are considering applications for the positions of the company secretary and the qualified accountant. As such the Company is not able to comply with Rules 5.09 and 5.10 of the GEM Listing Rules. The Directors expect that the appointments of the new company secretary and the qualified accountants will be finalised within two weeks from the date of this announcement.

The Directors do not expect that the resignation of Ms. Poon Oi Man would have any negative impact on the Company in any material aspect.

The Stock Exchange has indicated that it reserves its right to take appropriate actions on this matter.

By Order of the Board Rainbow International Holdings Limited Li Ngar Kwan, Aldy Chairperson

Hong Kong, 3 June, 2002

This announcement will remain on the GEM website with the domain name of www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the date of its posting.