09:06 DIGITALHONGKONG<08007> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. DIGITALHONGKONG.COM (incorporated in the Cayman Islands with limited liability) Stock code: 8007 Appointment of non-executive directors and members of audit committee The board of directors (the "Board") of DIGITALHONGKONG.COM (the "Company") announces that Mr Leo Kan Kin Leung ("Mr Kan") and Mr Lai Yat Kwong ("Mr Lai") were appointed as non-executive directors and members of the audit committee of the Company with effect from 3 January 2005. Leo Kan Kin Leung, aged 48, is an executive director of Champion Technology Holdings Limited ("Champion") (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the holding company of the Company and Kantone Holdings Limited ("Kantone"), a company listed on the Main Board of the Stock Exchange) and a non-executive director of Kantone. Prior to joining the Champion Group in 1988, Mr Kan held management positions in several international companies in Hong Kong. He holds a Master's degree in Business Administration from Dalhousie University in Canada and a Master's degree in Economics from the University of Alberta in Canada. Mr Kan is a member of the Telecommunications Standards Advisory Committee at the Office of the Telecommunications Authority. He serves on a number of sub-committees of the Hong Kong Information Technology Industry Council of the Federation of Hong Kong Industries, including International Development and Co-operation Sub-committee, China Development and Co-operation Sub-committee, and Government and Sub-vented Funding Sub-committee. He is Chairman of the IT Committee of the Hong Kong IT Alliance. He is the brother of Mr Paul Kan Man Lok, Chairman and substantial shareholder of the Company. Lai Yat Kwong, aged 56, is an executive director of both Champion and Kantone. He holds a Bachelor's degree in Business Administration from the Chinese University of Hong Kong and has over 32 years of experience in accounting, auditing and company secretarial matters. He is a fellow member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants (Practising). Mr Lai has no relationship with any directors, senior management or substantial or controlling shareholders of the Company. Each of Mr Kan and Mr Lai has a service contract with the Company with a term of 1 year from 3 January 2005 to 2 January 2006. Under their respective service contracts, each of Mr Kan and Mr Lai will be paid (i) a director's fee in the sum of HK$5,000 per annum and (ii) remuneration as member of several committees of the Company in the sum of HK$15,000 per annum, which are nominal honorarium in recognition of their respective valuable contributions to the Company. Each of Mr Kan and Mr Lai has no interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed herein, the Company considers there is no other matter relating to the appointment of Mr Kan and Mr Lai that needs to be brought to the attention of the shareholders of the Company. By Order of the Board Paul Kan Man Lok Chairman Hong Kong, 3 January 2005 As at the date of this announcement, the executive directors are Mr Paul Kan Man Lok, Mr John Wong Yuk Lung and Ms Shirley Ha Suk Ling; the non-executive directors are Mr Leo Kan Kin Leung and Mr Lai Yat Kwong; and the independent non-executive directors are Mr Francis Gilbert Knight, Mr Billy Ho Yiu Ming and Ms Shao Xiang Ming. This announcement for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief:- 1. the information contained in this announcement is accurate and complete in all material respects and not misleading; 2. there are no other matters the omission of which would make any statement in this announcement misleading; and 3. all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. The above announcement is a summary only. For the full version of this announcement, please refer to the 'Latest Company Announcements' page on the GEM website at www.hkgem.com.