ZO Future Group — Declaration of Voting Results & Voting Rights Announcements 2007

Aug 13, 2007

GRANDTOP INTERNATIONAL HOLDINGS LIMITED 泓鋒國際控股有限公司 [*]

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2309)

RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 13 AUGUST 2007

The board (the “Board”) of Grandtop International Holdings Limited (the “Company”) is pleased to announce that, on 13 August 2007, the Company held the extraordinary general meeting (the “EGM”) at which an ordinary resolution set out in the notice of the EGM dated 27 July 2007 was duly passed by way of poll.

Reference is made to the circular (the “Circular”) of the Company dated 27 July 2007 regarding the proposed issue of unlisted warrants. Capitalized term used herein shall have the same meaning as defined in the Circular unless the context requires otherwise.

RESULTS OF THE EGM

The Board is pleased to announce that an ordinary resolution (the “Resolution”) was duly passed by way of poll by the Shareholders at the EGM. The poll results in respect of the Resolution was as follows:

	No. of Shares Voted (%)	No. of Shares Voted (%)
Ordinary resolution:	For	Against
To approve, ratify and confirm the Placing Agreement; to a authorize
the directors of the Company to issue the Warrants in accordance
with the warrant instrument constituting the Warrants; and to authorize	211,200,000	0
any one director of the Company to take such actions or execute such	(100%)	(0%)
documents to give effect to the Placing Agreement, the issue of
Warrants and the allotment and issue of shares of the Company upon
exercise of the Warrants

* for identification purpose only

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Notes:

• (1) The full text of the Resolution is set out in the notice of the EGM dated 27 July 2007.

• (2) As at the date of the EGM,

  • (a) The total number of Shares entitling the Shareholders to attend and vote for or against the Resolution at the EGM was 691,200,000; and

  • (b) The total number of Shares entitling the Shareholders to attend and vote only against the Resolution at the EGM was nil.

• (3) Tricor Tengis Limited, the Company’s branch share registrar, was appointed as the scrutineer at the EGM for the purpose of vote-taking in respect of the Resolution.

By Order of the Board Grandtop International Holdings Limited Hui Ho Luek, Vico Executive Director

Hong Kong, 13 August 2007

As at the date of this announcement, the Board comprises of executive directors, namely Mr. Yeung Ka Sing, Carson, Mr. Hui Ho Luek, Vico, Mr. Steven McManaman, Mr. Lee Yiu Tung, Mr. Ip Wing Lun, Ms. Wong Po Ling, Pauline and Ms. Bessie Siu, non-executive directors, namely Mr. Christian Lali Karembeu and Mr. Fu Wing Kwok, Ewing and independent non-executive directors, namely Mr. Chang Kin Man, Mr. Zhou Han Ping and Mr. Yip Man Ki.

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