Hingtex Holdings Limited announces with deepest sorrow that Mr. Tung Tsun Hong (``Mr. Tung''), the chairman and an executive director of the Company, passed away today. The Board is deeply saddened by the passing away of Mr. Tung and conveys its heartfelt condolences to his family. On behalf of the Company, the Board wishes to express its sincere appreciation to Mr. Tung for his valuable contribution, leadership and guidance to the Group.

The Board will remap its composition and further announcement(s) will be made as soon as practicable.