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

Jun 20, 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 18 JUNE 2007

The board (the “Board”) of Grandtop International Holdings Limited (the “Company”) is pleased to announce that, on 18 June 2007, the Company held the extraordinary general meeting (the “EGM”) at which all ordinary resolutions set out in the notice of the EGM dated 1 June 2007 was duly passed by way of poll.

Reference is made to the circular (the “Circular”) of the Company dated 1 June 2007 regarding the proposed refreshment of general mandates to issue shares and repurchase shares. Capitalized terms used herein shall have the same meanings as defined in the Circular unless the context requires otherwise.

RESULTS OF THE EGM

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

Ordinary resolutions:	Ordinary resolutions:	No. of Shares Voted (%)	No. of Shares Voted (%)
		For	Against
1.	To renew a general mandate to the directors to allot, issue anddeal with additional shares of the Company.	191,985,257(100%)	0(0%)
2.	To renew a general mandate to the directors to repurchasesshares of the Company.	191,985,257(100%)	0(0%)
3.	To extend the general mandate granted to the directors to allot,issue and deal with the Company’s shares by the amount ofshares repurchased.	191,985,257(100%)	0(0%)

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Notes:

• (1) The full text of the Resolution is set out in the notice of the EGM dated 1 June 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 Resolutions at the EGM was 576,000,000; and

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

• (3) Pursuant to Rule 13.36(4)(a) and (b) of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rule”), Ms. Siu Bessie, being the only director who is also the shareholder of the Company, who together with her associates are abstained from voting in favor of the Resolutions Nos. 1 and 3 at the EGM.

• (4) 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 Resolutions.

By Order of the Board Grandtop International Holdings Limited Lee Yiu Tung Executive Director

Hong Kong, 18 June 2007

As at the date of this announcement, the Board comprises three executive Directors, namely Ms. Bessie Siu, Mr. Lee Yiu Tung and Ms. Wong Po Ling, Pauline; two non-executive Directors, namely Mr. Fu Wing Kwok, Ewing and Mr. Ip Wing Lun; and three independent non-executive Directors, namely Mr. Chang Kin Man, Mr. Zhou Han Ping and Mr. Yip Man Ki.

• for identification purpose only

Please also refer to the published version of this announcement in The Standard.

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