09:55     TECH VENTURE<00061> - Announcement                                  

    The Stock Exchange of Hong Kong Limited ("Stock                           
    Exchange") 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.                                     
                                                                              
    TECHNOLOGY VENTURE HOLDINGS LIMITED                                       
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code : 61)                                                         
                                                                              
    EXTENSION OF DESPATCH DATE OF CIRCULAR                                    
                                                                              
    Reference is made to the Announcement and the First                       
    Extension Announcement. As more time is required to                       
    collate and finalise certain financial information                        
    concerning Beijing Dongshi in respect of its                              
    valuation, the despatch date of the Circular will be                      
    further postponed. It is currently expected that the                      
    Circular will be despatched to the Company's                              
    shareholders no later than 20 January 2005.                               
                                                                              
    Reference is made to the announcement ("Announcement")                    
    of Technology Venture Holdings Limited ("Company")                        
    dated 10 November 2004 in relation to a discloseable                      
    transaction of the Company and the Company's                              
    announcements dated 1 December 2004 and 15 December                       
    2004 ("Second Extension Announcement") respectively                       
    in relation to extension of despatch date of the                          
    circular. Terms defined in the Announcement and the                       
    Second Extension Announcement shall have the same                         
    meanings when used in this announcement, unless the                       
    context requires otherwise.                                               
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, the                          
    Company is required to send the Circular to its                           
    shareholders and arrange for its publication within                       
    21 days after the publication of the Announcement,                        
    being 2 December 2004. As set out in the Second                           
    Extension Announcement, the last day for the despatch                     
    of the Circular has been extended to 6 January 2005.                      
                                                                              
    As more time is required to collate and finalise                          
    certain financial information concerning Beijing                          
    Dongshi in respect of its valuation, the despatch of                      
    the Circular will be further postponed. It is                             
    currently expected that the Circular will be                              
    despatched to the Company's shareholder no later than                     
    20 January 2005.                                                          
                                                                              
    The Company has applied to the Stock Exchange for a                       
    waiver from strict compliance with Rule 14.38 of the                      
    Listing Rules by extending the despatch date of the                       
    Circular to no later than 20 January 2005.                                
                                                                              
    As at the date of this announcement, Mr Chan Tze Ngon,                    
    Mr Emmy Wu, Mr Tang Kin Hung and Mr Chow Siu Lam, Cliff                   
    are the executive directors of the Company, Dr Lo Siew                    
    Kiong, John, Mr. Fu Yan Yan and Ms Wang Xi Ling are                       
    the independent non-executive directors of the                            
    Company.                                                                  
                                                                              
    By order of the Board of                                                  
    Technology Venture Holdings Limited                                       
    Chan Tze Ngon                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 5 January 2005                                                 
                                                                              
    *  for identification purposes only