Wisdomcome Group Holdings Ltd. — Board/Management Information 2002

May 30, 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 the contents of this announcement.

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)

NOTICE OF MEETING OF BOARD OF DIRECTORS

The board (the “Board”) of directors (the “Directors”) of Rainbow International Holdings Limited (the “Company”) hereby announces that a meeting of the Board will be held on 11 June, 2002, Tuesday, at 4:30 p.m. at 4th Floor, Flat B, Sze Hing Loong Industrial Building, 44 Lee Chung Street, Chai Wan, Hong Kong for the following purposes:–

1. To consider and approve the unaudited financial results of the Company and its subsidiaries for the half-year ended 30 April, 2002 and the announcement of the said results to be published on the website of The Growth Enterprise Market (the “GEM”) of The Stock Exchange of Hong Kong Limited;

2. To consider the payment of an interim dividend, if any;

3. To consider the closure of the register of members, if necessary; and

4. To transact any other business.

By order of the Board Rainbow International Holdings Limited Poon Oi Man Company Secretary

Hong Kong, 30 May, 2002

This announcement, for which the Directors collectively and individually accept full 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 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: (i) the information contained in this announcement is accurate and complete in all material respects and not misleading; (ii) there are no other matters the omission of which would make any statement in this announcement misleading; and (iii) 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.

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.