GSME Acquisition Partners Says Shareholders Approve Plastec International Merger

GSME Acquisition Partners I (OTCBB: GSMXF, GSMEF, GSMWF) (“GSME”), a special purpose acquisition company formed for the purpose of acquiring an operating business having its primary business operations in the People’s Republic of China, today announced that at its extraordinary general meeting of shareholders held to consider and vote upon, among other matters, a proposal to approve the Amended and Restated Agreement and Plan of Reorganization with GSME Acquisition Partners I Sub Limited, Plastec International Holdings Limited (“Plastec”), and each of Sun Yip Industrial Company Limited (BVI), Tiger Power Industries Limited (BVI), Expert Rank Limited (BVI), Fine Colour Limited (BVI), Cathay Plastic Limited (BVI), Greatest Sino Holdings Limited (BVI), Colourful Asia International Limited (BVI) and Top Universe Management Limited (BVI), an ordinary resolution was proposed and approved adjourning the meeting.

Accordingly, the extraordinary general meeting of GSME has been adjourned to 10:00 a.m. eastern time on December 10, 2010. The meeting will take place at its original location, at the offices of Graubard Miller, GSME’s counsel, at The Chrysler Building, 405 Lexington Avenue, 19th Floor, New York, New York 10174.

Ensuring Your Vote is Counted

The form of proxy for the use by holders of ordinary shares of GSME previously distributed shall remain valid and effective for the adjourned meeting. Shareholders that have previously voted on the proposals being presented at the extraordinary general meeting and determined whether they wished to elect conversion of their shares and do not wish to change their vote or election need not take any further action at this time. Shareholders that wish to change their vote or conversion election should refer to the instructions contained in the definitive proxy statement previously distributed to shareholders relating to changing a holder’s vote or contact AdvantageProxy, GSME’s proxy solicitor, at (206) 870-8565 for assistance with changing such vote and conversion election.

GSME advises holders of its securities to move these securities into accounts which do not permit the lending of securities, so called cash accounts or segregated accounts, and out of accounts that permit the lending of securities, such as margin accounts. These steps are designed to ensure that votes related to ordinary shares beneficially owned by shareholders are properly counted. Beneficial owners of ordinary shares that have been lent out (either with or without the beneficial owners’ knowledge) are not permitted to vote those shares.

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