Modern Beauty Salon Holdings Ltd, Special/Extraordinary Shareholders Meeting, Oct 30, 2009, at 11:00 CCT-China Coast, USSR Zone 7. Location: Lower G/F, Far East Finance Centre, No. 16 Harcourt Road, Admiralty,Hong Kong. Agenda: To consider the conditional sale and purchase agreement dated September 23, 2009 entered into between Modern Beauty Management Company Limited, as vendor and All Link International Limited as purchaser in relation to the sale of the entire issued share capital of each of East Union Industries Limited, Joy East Limited, Well Faith International Enterprise Limited and Wise World Limited all amounts due by the sale companies to the vendor as at the date of completion of the SP Agreement and all the transactions contemplated under the SP Agreement be and are approved; and to consider the directors of the company be and are authorized to do all such acts and things, to sign and execute such documents or agreements or deeds on behalf of the company and to do such other things and to take all such actions as they consider necessary, appropriate, desirable or expedient for the purposes of giving effect to or in connection with the SP Agreement and all transactions contemplated thereunder.

Modern Beauty Salon Holdings Ltd. announced that, with effect from September 10, 2009, Ms. Mok Hin Yuk resigned as executive directors of the company due to health reason. The board announced that Ms. Chu Shu Ching, Ms. Yeung Ching Yu, Mr. Tung Kwok Lui and Mr. Wong Shu Pui have been appointed as executive directors of the company with effect from September 10, 2009. Ms. Chu, aged 29, is in charge of the day-to-day management and operation of the interior decorating department, logistic department, purchasing department and property department of the Company. Ms. Chu is responsible for new products and services development, project planning and strategic management of the company. Ms. Yeung, aged 30, is currently the administrative manager and senior assistant to chairperson of the company. Ms. Yeung is responsible for brand development, implementation of marketing plan, as well as performing a variety of supervisory and administrative support tasks in the Company. Ms. Yeung brings with her 10 years of experience in beauty and skincare services industries. Mr. Tung is responsible for providing leading legal advice and support to the entire Group's business and commercial activities, as well as company secretary and litigation matters. Mr. Tung will also be responsible for implementing major business projects and leading the company's merger and acquisition activities and other ongoing capital market initiatives. Mr. Wong joined the Group in April 2008 as Legal Consultant and has years of experience in many fields. Mr. Wong is now appointed to provide leading legal advice and support to all the Group's major business projects and activities.

Modern Beauty Salon Holdings Ltd, Annual General Meeting, Aug 21, 2009, at 11:00 CCT-China Coast, USSR Zone 7. Location: Lower G/F, Far East Finance Centre, No. 16 Harcourt Road, Admiralty, Hong Kong. Agenda: To receive and adopt the audited financial statements and the reports of the directors and auditors for the year ended March 31, 2009; to re-elect director; to authorise the board of directors to fix the directors' remuneration; to re-appoint PricewaterhouseCoopers as auditors for the year ending March 31, 2010; and to authorise the board of directors to fix their remuneration.