08:54     TAI SHING<08103> - Announcement                                     

                                                                              
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    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.               
                                                                              
                                                                              
    Tai Shing International (Holdings) Limited                                
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8103)                                                        
                                                                              
    PLACING OF NEW SHARES                                                     
                                                                              
                                                                              
    On 24 February 2005, the Company entered into the Placing                 
    Agreement with the Placing Agent in relation to the appointment of        
    the Placing Agent for the placing of 9,490,000 new Shares at the          
    placing price of HK$0.21 per Share on a best effort basis to not less     
    than six Placees. All of the Placees and their respective ultimate        
    beneficial owners will be independent third parties not connected and     
    not acting in concert (as defined in the Takeovers Code) with the         
    Company and any of the Directors, chief executive, substantial            
    shareholders or management shareholders of the Company or its             
    subsidiaries or any of their respective Associates, and are not           
    connected persons of the Company.                                         
                                                                              
    The Placing Shares will be issued under the authority of an existing      
    general mandate granted to the Directors at the annual general            
    meeting of the Company held on 22 July 2004.                              
                                                                              
    Assuming all the Placing Shares are successfully placed by the            
    Placing Agent, the total gross proceeds from the Placing amount to        
    approximately HK$2.0 million. After deducting related expenses of         
    approximately HK$0.2 million, approximately HK$1.8 million will be        
    available for the Group. The net placing price per Placing Share is       
    approximately HK$0.19 per Share. The Company intends to apply the net     
    proceeds from the Placing for additional general working capital of       
    the Company for its daily operation and possible future expansion.        
                                                                              
    The Placing Shares represent approximately 14.5% of the existing          
    issued share capital of the Company and approximately 12.6% of the        
    issued share capital of the Company as enlarged by the issue of the       
    Placing Shares, assuming all the Placing Shares are successfully          
    placed by the Placing Agent and there will be no change in the issued     
    share capital of the Company.                                             
                                                                              
                                                                              
    By Order of the Board of                                                  
    Tai Shing International (Holdings) Limited                                
    Luk Yat Hung                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 24 February 2005                                               
                                                                              
    The above announcement is a summary only. For the full version of         
    this announcement, please refer to the `Latest Company Announcements'     
    page on the GEM website at www.hkgem.com.