This printed article is located at https://tih.listedcompany.com/news.html
| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 11/12/2009 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | Argyle Street Management Limited | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Deemed Interest | 10/12/2009 | ||||||||||||||||||
| 2. | The change in the percentage level | From 51.86 % To 56.42 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others Argyle Street Management Limited ("ASML") is the beneficial holder of more than 20% of the voting shares of ASM Hudson River Fund ("ASMHRF") and ASM Asia Recovery Fund ("ASMARF"). ASMARF is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF and ASMHRF are the beneficial holders of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL"). On 1 Dec 2009, 4,495,315 Series B warrants of TIH held in trust by ASMVL as nominee for ASMARMF were exercised and ordinary shares of TIH are allotted on 10 Dec 2009. As a result, 8,990,630 shares of TIH are held in trust by ASMVL as nominee for ASMARMF. On 1 Dec 2009, 4,733,601 Series A warrants and 5,413,601 Series B warrants of TIH held in trust by ASMVL as nominee for ASMHRF were exercised and ordinary shares of TIH are allotted on 10 Dec 2009. As a result, 10,827,202 shares of TIH are held in trust by ASMVL as nominee for ASMHRF. In addition, 536,426 Series A warrants of TIH and 4,811,111 Series B warrants of TIH held by ASMARMF through its depository agent were exercised on 1 Dec 2009 and ordinary shares of TIH are allotted on 10 Dec 2009. As a result, 38,077,490 shares of TIH are held by ASMARMF through its depository agent. In addition, 352,491 Series A warrants of TIH and 352,491 Series B warrants of TIH held by ASMHRF through its depository agent were exercised on 1 Dec 2009 and ordinary shares of TIH are allotted on 10 Dec 2009. As a result, 1,897,473 shares of TIH are held by ASMHRF through its depository agent. ASMVL also holds 36,601,536 shares of TIH respectively through its depository agent. |
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| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | The change in percentage is a result of a single transaction. | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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