Wisdomcome Group Holdings Ltd. — Board/Management Information 2006

Dec 15, 2006

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.

B. A. L. HOLDINGS LIMITED 變靚D控股有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8079)

RESIGNATION AND OUTSTANDING APPOINTMENTS OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE MEMBER

The board of directors (the “Board”) of B.A.L. Holdings Ltd (the “Company”) announces that Mr. To Chi has tendered his resignation as Independent Non-executive Director and ceased to act as member of the Audit Committee of the Company due to his personal reasons with effect from 18 December 2006.

The Board of the Company announces that Mr. To Chi has tendered his resignation as Independent Nonexecutive Director and ceased to act as member of the Audit Committee of the Company due to his personal reasons with effect from 18 December 2006. Mr. To has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needed to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

Upon the resignation of Mr. To and at the date of this announcement, the Board includes only two Independent non-executive directors. The Board notes that the Company is temporarily not in compliance with Rule 5.05 of the GEM Listing Rules which requires at least three independent non-executive directors in the board of directors of a listed issuer and Rule 5.28 which governs the composition of audit committees. The Board is now looking for a suitable candidate to fill the vacancies within three months as required by Rules 5.06 and 5.33 of the GEM Listing Rules. Further announcement will be made by the Company with regard to the new appointment of another Independent non-executive director and member of the Audit Committee as and when appropriate in accordance with the GEM Listing Rules.

The Board would like to take this opportunity to express its most sincere appreciation to Mr. To for his valuable contribution to the Company during his tenure of office.

List of Directors: Ms. Siu York Chee, Doreen, Mr. Leung Kwok Kui, executive Director; Mr. Hung Anckes Yau Keung, Dr. Siu Yim Kwan, Sidney and Mr. To Chi, Independent NonExecutive Director of the Company.

By Order of the Board B.A.L. Holdings Limited Siu York Chee Chairperson

Hong Kong, 15 December 2006

* For identification purposes only.

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

This announcement, for which the directors (the “Directors”) of B.A.L. 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.

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