10:32     KINGBOARD CHEM<00148>E&E INT'L<00033>-J.Ann&Suspend<00033>-4        

    of its listing on the Stock Exchange. This                                
    announcement serves as the notice of the proposed                         
    withdrawal of the listing to all E&E Shareholders                         
    pursuant to Rule 6.15 of the Listing Rules.                               
                                                                              
    By order of the board of                                                  
    Kingboard Chemical Holdings Limited                                       
    Cheung Kwok Wing                                                          
    Chairman                                                                  
                                                                              
    By order of the board of                                                  
    Ease Ever Investments Limited                                             
    Chan Wing Kwan                                                            
    Director                                                                  
                                                                              
    By order of the board of                                                  
    Elec & Eltek International Holdings Limited                               
    Thomas Tang Koon Yiu                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 6 January 2005                                                 
                                                                              
    The Directors jointly and severally accept full                           
    responsibility for the accuracy of the information                        
    contained in this announcement and confirm, having                        
    made all reasonable enquiries, that to the best of                        
    their knowledge, opinion expressed in this                                
    announcement has been arrived at after due and careful                    
    consideration and there are no other facts not                            
    contained in this announcement the omission of which                      
    would make any statements in this announcement                            
    misleading.                                                               
                                                                              
    The directors of E&E jointly and severally accept full                    
    responsibility for the accuracy of the information                        
    contained in this announcement and confirm, having                        
    made all reasonable enquiries, that to the best of                        
    their knowledge, opinion expressed in this                                
    announcement has been arrived at after due and careful                    
    consideration and there are no other facts not                            
    contained in this announcement the omission of which                      
    would make any statements in this announcement                            
    misleading.                                                               
                                                                              
    As at the date of this announcement, the board of                         
    Directors consists of Messrs. Cheung Kwok Wing, Chan                      
    Wing Kwan, Lam Ka Po, Cheung Kwong Kwan, Cheung Kwok                      
    Wa, Cheung Kwok Ping, Cheung Kwok Keung, Chang Wing                       
    Yiu and Mok Cham Hung, Chadwick, being the executive                      
    Directors, Mr. Lum Gum Wun, being a non-executive                         
    Director and Messrs. Tsao Kwang Yung, Peter, Cheng                        
    Ming Fun, Paul and Tse Kam Hung, being the independent                    
    non-executive Directors.                                                  
                                                                              
    As at the date of this announcement, the board of                         
    directors of E&E consists of Messrs. Thomas Tang Koon                     
    Yiu, Canice Chung Tai Keung, Cheung Kwok Wa and Mok                       
    Cham Hung, Chadwick, being the executive directors                        
    of E&E, Messrs. Peter Lee Yip Wah, Cheung Kwok Wing,                      
    Chan Wing Kwan and Chang Wing Yiu, being non-executive                    
    directors of E&E and Messrs. Eugene Lee, Kenneth Shim                     
    Hing Choi and Keith Tay Ah Kee, being the independent                     
    non-executive directors of E&E.