10:15     HI SUN GROUP<00818> - Announcement (9)                              

    for a detailed description of the triggering events                       
    and the relevant adjustment provisions). In the event                     
    of the occurrence of any of such triggering events,                       
    the Company will make a further announcement in                           
    relation to the adjustment of the conversion price                        
    and the potential dilution effect resulted therefrom.                     
    The following table sets out the shareholding                             
    structure of the Company before and after the                             
    Conversion assuming different conversion prices:                          
                                                                              
    After full      After full                                                
    After full      After full Conversion   Conversion                        
    assuming        Conversion assuming                                       
    Conversion assuming     assuming a conversion   a                         
    conversion price        a conversion price                                
    a conversion price      price of HK$0.36        of HK$0.25                
            of HK$0.01                                                        
    Existing        of HK$1.2 per Share     per Share (Note 1&2)              
            per Share (Note 1&3)    per Share (Note 1&4)                      
    No. of Shares           %               No. of Shares           %         
         No. of                                                               
    Shares          %               No. of Shares           %                 
    No. of                                                                    
    Shares          %                                                         
                                                                              
    Rich Global Limited     189,270,909             56.8                      
            189,270,909             52.7            189,270,909               
    45.1                                                                      
            189,270,909             41.3            189,270,909             5 
    .5                                                                        
    Holders of the Convertible                                                
      Preference Shares     -               -               26,000,000        
         7.2                                                                  
            86,666,667              20.6            124,800,000               
    27.3                                                                      
            3,120,000,000           90.3                                      
    Public  143,783,121             43.2            143,783,121               
    40.1                                                                      
            143,783,121             34.3            143,783,121               
    31.4                                                                      
            143,783,121             4.2                                       
                                                                              
    333,054,030             100.0           359,054,030             100.0     
            419,720,697             100.0           457,854,030               
    100.0                                                                     
            3,453,054,030           100.0                                     
                                                                              
    Notes:                                                                    
                                                                              
    1.      As disclosed in the preceding paragraph, the                      
    conversion price of the Convertible Preference Shares                     
    is subject to adjustment upon occurrence of certain                       
    triggering events. For illustrative purpose, it is                        
    set out in the above table the shareholding structure                     
    of the Company assuming the Conversion Shares are                         
    issued at prices (to be explained in the paragraphs                       
    2,3 and 4 below) lower than the initial conversion                        
    price of HK$1.2 per Share.                                                
                                                                              
    2.      Being the average closing price of the Shares for                 
    the 20 trading days ended on the date of this                             
    announcement.                                                             
                                                                              
    3.      Being the lowest closing price of the Shares for                  
    the year ended on the date of this announcement.                          
                                                                              
    4.      Being the lowest theoretical conversion price for                 
    the Conversion pursuant to the Subscription Agreement                     
    i.e. the par value of the Shares of HK$0.01.                              
                                                                              
    The Company will make further announcement in                             
    relation to any conversion, which announcement will                       
    include details on the amount of the Conversion, the                      
    number of shares to be converted and the actual                           
    conversion price per Share.                                               
                                                                              
    Application for Listing                                                   
    The Convertible Preference Shares will not be listed                      
    on any stock exchange. No application will be made                        
    for the listing of the Convertible Preference Shares.