09:37     CHINA SCI-TECH<00985> - Announcement & Resumption (6)               

                                   Shares before this                         
                                   announcement                               
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock                                      
                                   Exchange                                   
    `Mr. Zhao                      Zhao Zhigang, a 50%                        
                                   shareholder of Kaison Limited              
                                   which in turn is interested                
                                   in approximately 13.11% of                 
                                   the issued share capital of                
                                   the Company; Mr. Zhao is also              
                                   the direct and indirect                    
                                   shareholder of Shuanghuan                  
                                   Holdings interested in 51% of              
                                   its issued share capital                   
    `Ms. Guo'                      Guo Bingli, spouse of Mr.                  
                                   Zhao                                       
    `Placing'                      the placing of 2,437,474,000               
                                   existing Shares beneficially               
                                   owned by the Vendors pursuant              
                                   to the terms of Placing                    
                                   Agreement                                  
    `Placing Agent'                Kingston Securities Limited,               
                                   a deemed licensed corporation              
                                   to carry on business in types              
                                   1, 4, 6 and 9 regulated                    
                                   activities (dealing in                     
                                   securities, advising on                    
                                   securities and corporate                   
                                   finance, and asset                         
                                   management) under the                      
                                   Securities and Futures                     
                                   Ordinance (Chapter 571 of the              
                                   Laws of Hong Kong)                         
    `Placing Agreement '           the placing agreement entered              
                                   into between the Vendors and               
                                   the Placing Agent dated 7                  
                                   January 2005 in relation to                
                                   the Placing                                
    `Placing Price                 HK$0.04 per Shares                         
    `Placing Shares'               a total of 2,437,474,000                   
                                   existing Shares beneficially               
                                   owned by the Vendors and to                
                                   be placed pursuant to the                  
                                   Placing Agreement                          
    `Shareholder(s)'               holder(s) of the Share(s)                  
    `Share(s)'                     ordinary share(s) of HK$0.01               
                                   in the share capital of the                
                                   Company                                    
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Shuanghuan'                   Shijiazhuang Shuanghuan                    
                                   Automobile Co. Ltd.                        
    `Shuanghuan Holdings'          Shijiazhuang Shuanghuan                    
                                   Automobile Company , the                   
                                   holding company of Shuanghuan              
                                   interested in 75% of its                   
                                   registered capital                         
    `Top-Up Subscription'          the subscription for the                   
                                   2,437,474,000 Subscription                 
                                   Shares pursuant to the                     
                                   Subscription Agreement                     
    `Top-Up Subscription           the conditional subscription               
    Agreement'                     agreement between the Company              
                                   and the Vendors dated 7                    
                                   January 2005 in relation to                
                                   the Top-Up Subscription                    
    `Top-Up Subscription Price'    HK$0.04 per Share                          
    `Top-Up Subscription Shares'   a total of 2,437,474,000 new               
                                   Shares to be subscribed for                
                                   by the Vendors pursuant to                 
                                   the Subscription                           
                                   Agreement                                  
    `Vendors'                      Kaison Limited and Everfull                
                                   International Limited                      
    `HK$'                          Hong Kong dollars, the lawful              
                                   currency of Hong Kong                      
    `%'                            per cent.                                  
                                                                              
                                                                              
                                                                              
                                                                              
                                   By Order of the Board China                
                                   Sci-Tech Holdings Limited                  
                                   Wang Guangtian Director and                
                                   General                                    
                                   Manager                                    
                                                                              
                                                                              
                                                                              
    Hong Kong, 7 January 2005                                                 
                                                                              
    * For identification purpose only