09:23     MEDTECH GROUP<01031> - 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.                                                     
                                                                              
    MEDTECH GROUP COMPANY LIMITED                                             
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1031)                                                        
                                                                              
    POSTPONEMENT OF DESPATCH OF CIRCULAR                                      
                                                                              
    The Company announces that the despatch of the                            
    Circular will be postponed pending, among other                           
    things, preparation of the pro-forma financial                            
    information on Grandview Hotel to be set out in the                       
    Circular which is being prepared from the financial                       
    statements of the Vendor (as Grandview Hotel does not                     
    have its own financial statements) to the format and                      
    basis in compliance with the Listing Rules. It is                         
    expected that the Circular will be despatched to the                      
    Shareholders on or before 26 January 2005.                                
                                                                              
    Reference is made to the Company's announcement dated                     
    14 December 2004 (the "Announcement"). Terms used                         
    herein shall have the same meanings as those defined                      
    in the Announcement unless the context requires                           
    otherwise.                                                                
                                                                              
    POSTPONEMENT OF DESPATCH OF CIRCULAR                                      
    In accordance with Rule 14.38 of the Listing Rules,                       
    a circular of the Company containing, among other                         
    things, further details of (i) the Acquisition; (ii)                      
    the Agreement with Mrs. Chu; (iii) the Agreement                          
    Between Futuremind and SJM; (iv) the grant of the                         
    Warrants to Sure Expert; (v) the change of the                            
    Company's name; and (vi) the notice of SGM for                            
    considering and, if thought fit, approving at the SGM,                    
    the Acquisition, the Agreement with Mrs. Chu, the                         
    Agreement Between Futuremind and SJM, the grant of                        
    the Warrants to Sure Expert and the change of the                         
    Company's name (the "Circular") has to be despatched                      
    to the Shareholders within 21 days after the                              
    publication of the Announcement, which is on or before                    
    5 January 2005. Given that additional time is required                    
    for, among other things, preparation of the pro-forma                     
    financial information on Grandview Hotel to be set                        
    out in the Circular which is being prepared from the                      
    financial statements of the Vendor (as Grandview                          
    Hotel does not have its own financial statements) to                      
    the format and basis in compliance with the Listing                       
    Rules, the Directors consider that the despatch of                        
    the Circular has to be postponed and the Company has                      
    applied to the Stock Exchange for a waiver from the                       
    strict compliance with Rule 14.38 of the Listing Rules                    
    by extending the despatch date of the Circular to a                       
    date falling on or before 26 January 2005.                                
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr. Cheung Yu Shum, Jenkin, Mr. Chu Yuk                     
    Kuen, Mr. Wong Kui Tak and Mr. Ng Tak Chak, Nelson                        
    and the independent non-executive Directors are Mr.                       
    Shum Ka Hei, Mr. Chan Chi Yuen and Mr. Wong King Shiu,                    
    Daniel.                                                                   
                                                                              
    By order of the board                                                     
    Medtech Group Company Limited                                             
    Cheung Yu Shum, Jenkin                                                    
    Chairman                                                                  
                                                                              
    Hong Kong, 5 January 2005