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VISION TECH INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability) p7p"!

(Stock code: 689) (Incorporated in Bermuda with limited liability)
(Stock Code: 922)
DISCLOSEABLE TRANSACTION IN CAPITAL REORGANISATION,
RELATION TO SUBSCRIPTION OF SUBSCRIPTION FOR NEW SHARES,
NEW SHARES IN VISION TECH WHITEWASH WAIVER APPLICATION,
INTERNATIONAL HOLDINGS LIMITED CONNECTED TRANSACTION AND

SPECIAL DEAL – LOANS SETTLEMENT
AND
PLACINGS FOR NEW SHARES
EXTENSION OF LONG STOP DATE

References are made to the joint announcement of EPI and Vision Tech dated 28 June 2007,
the circular of EPI dated 20 July 2007, the circular of Vision Tech dated 20 September 2007
and the supplemental circular of Vision Tech dated 24 December 2007.
EXTENSION OF LONG STOP DATE

On 28 December 2007, (i) the Subscriber, Vision Tech and Mrs. Pei signed an extension letter
to extend the long stop date under the Subscription Agreement from 31 December 2007 to 31
March 2008; (ii) Vision Tech and the Placing Agent signed an extension letter to extend the
long stop date under both the First Placing Agreement and the Second Placing Agreement
from 31 December 2007 to 31 March 2008; and (iii) Vision Tech and Mrs. Pei signed an
extension letter to extend the long stop date under the Loans Settlement Agreement from 31
December 2007 to 31 March 2008.
References are made to the joint announcement of EPI (Holdings) Limited (“EPI”) and Vision Tech
International Holdings Limited (“Vision Tech”) dated 28 June 2007, the circular of EPI dated 20
July 2007, the circular of Vision Tech dated 20 September 2007 (the “Circular”) and the supplemental
circular of Vision Tech dated 24 December 2007. Unless otherwise defined herein, capitalised
terms used in this announcement shall have the same meanings as those defined in the Circular.
EXTENSION OF LONG STOP DATE

On 28 December 2007, (i) the Subscriber, Vision Tech and Mrs. Pei signed an extension letter to
extend the long stop date under the Subscription Agreement from 31 December 2007 to 31 March
2008 (which date may be further extended by agreement in writing between Vision Tech and the
Subscriber); (ii) Vision Tech and the Placing Agent signed an extension letter to extend the long
stop date under the Placing Agreements from 31 December 2007 to 31 March 2008 (which date
may be further extended by agreement in writing between Vision Tech and the Placing Agent); and
(iii) Vision Tech and Mrs. Pei signed an extension letter to extend the long stop date under the
Loans Settlement Agreement from 31 December 2007 to 31 March 2008 (which date may be further
extended by agreement in writing between Vision Tech and Mrs. Pei).

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Save for the above, all the other terms of the Subscription Agreement, the First Placing Agreement,
the Second Placing Agreement and the Loans Settlement Agreement remain unchanged and continue
in full force and effect.
An addendum notifying the extension of the long stop dates as set out in this announcement will be
posted to shareholders of Vision Tech as soon as practicable.
As at the date of this announcement, the directors of Vision Tech International Holdings Limited
comprise three executive directors, namely, Mrs. Pei Chen Chi Kuen Delia, Dr. Pei Yaw Liang
Gordon and Mr. Yang Chun Thomas; and three independent non-executive directors, namely, Mr.
Lam Kwok Ming, Mr. Cheng Hong Cheung and Mr. Leung Wing On Louis.
As at the date of this announcement, the directors of EPI (Holdings) Limited comprises three
executive directors, namely, Mr. Wong Chi Wing, Joseph, Mr. Cheng Hairong and Mr. Chu Kwok
Chi, Robert, one non-executive director, namely, Mr. Leung Hon Chuen and three independent non-
executive directors, namely, Mr. Xu Mingshe, Mr. Wu Xiaoke and Mr. Poon Kwok Shin, Edmond.
The Directors jointly and severally accept full responsibility for the accuracy of the information
contained in this announcement, other than that relating to the Subscriber, and confirm, having
made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this
announcement, other than that relating to the Subscriber, have been arrived at after due and
careful consideration and there are no other facts not contained in this announcement, the omission
of which would make any statement in this announcement misleading.
The directors of EPI jointly and severally accept full responsibility for the accuracy of the information
contained in this announcement, other than that relating to the Group, and confirm, having made
all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement,
other than that relating to the Group, have been arrived at after due and careful consideration and
there are no other facts not contained in this announcement, the omission of which would make any
statement in this announcement misleading.
On behalf of the board of On behalf of the board of
EPI (Holdings) Limited Vision Tech International Holdings Limited
Wong Chi Wing, Joseph Mrs. Pei Chen Chi Kuen, Delia
Chairman Chairman
Hong Kong SAR, 28 December 2007