09:57     CHAMPION TECH<00092> - Announcement (2)                             

    (ii)    the relevant certificate(s) of Warrants;                          
                                                                              
    (iii)   the duly completed and signed subscription                        
    forms; and                                                                
                                                                              
    (iv)    remittances for the relevant subscription                         
    moneys.                                                                   
                                                                              
    Subscription forms lodged with the Share Registrar                        
    later than 4:00 p.m. on Monday, 7 February 2005 will                      
    not be accepted. Shares will be issued within 21 days                     
    after the due exercise of the subscription rights                         
    under the Warrants; and                                                   
                                                                              
    4.      trading of the Warrants on the Stock Exchange will                
    cease after close of business on Wednesday, 2 February                    
    2005. Application has been made for the withdrawal                        
    of listing of the Warrants on the Stock Exchange with                     
    effect from the close of business on Monday, 7                            
    February 2005.                                                            
                                                                              
    The closing prices of Shares and Warrants on the Stock                    
    Exchange on 6 January 2005 (being the date of this                        
    announcement) were HK$1.280 per Share and HK$0.015                        
    per unit of Warrant. A circular relating to the expiry                    
    of Warrants will be despatched to holders of Warrants                     
    as soon as practicable.                                                   
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Messrs. Paul Kan Man Lok,                    
    Leo Kan Kin Leung and Lai Yat Kwong; the non-executive                    
    director is Ms. Shirley Ha Suk Ling; and the                              
    independent non-executive directors are Messrs.                           
    Terry Miller, Francis Gilbert Knight, Ye Peida, Liang                     
    Xiong Jian and Frank Bleackley.                                           
                                                                              
    By Order of the Board                                                     
    Paul Kan Man Lok                                                          
    Chairman                                                                  
                                                                              
    Hong Kong, 6 January 2005