09:18 UNITY INV HOLD<00913> - Announcement & Resumption (3) to grant options to subscribe for up to 20,000,000 Shares, i.e. 10% of the issued share capital of the Company as at the date of adoption of the Share Option Scheme. As a result of the recent Rights Issue, the issued share capital of the Company was enlarged by approximately 33.33%. If the Scheme Mandate Limit is not refreshed, the Company would only be allowed to grant options to subscribe for up to 20,000,000 Shares/New Shares, representing approximately 5.21% of the enlarged issued share capital of the Company. In order to provide the Company with greater flexibility in granting options to eligible persons under the Share Option Scheme, the Board decides to seek the approval of the Shareholders at the EGM to refresh the Scheme Mandate Limit. D. GENERAL A circular of the Company containing further details of the Capital Reorganisation, the refreshment of the Scheme Mandate Limit and a notice of the EGM will be sent to the Shareholders as soon as practicable. The timetable for the Capital Reorganisation will also be announced as soon as the court hearing dates in the Cayman Islands are fixed. An application will be made to the Listing Committee of the Stock Exchange for the listing of, and permission to deal in the New Shares and the Shares/New Shares which may be issued upon exercise of any options granted under the refreshed Scheme Mandate Limit. Shareholders are recommended to consult their licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser if they are in doubt about any of the above matters. Reference is made to an announcement of the Company dated 11 January 2005 in relation to the subscription agreement dated 10 January 2005 entered into between the Company, Chau Tuk Shun and Chung Nam Securities Limited and dealings in the Shares on the Stock Exchange has been suspended at the request of the Company with effect from 9:30 a.m., 7 January 2005 pending release of the announcement regarding the subscription. Application has been made by the Company for the resumption of dealings in the Shares on the Stock Exchange on 9:30 a.m., 11 January 2005. In this announcement, the following expressions have the meanings set out below unless the context requires otherwise. "Board" the board of Directors "Capital Reduction" the proposed diminishment and reduction of the authorised and issued share capital of the Company by cancelling issued and paid up capital to the extent of HK$0.09 on each of the Shares in issue and by reducing the nominal value of all issued Shares from HK$0.10 each to HK$0.01 each "Capital Reorganisation" the capital reorganisation of the Company as set out in the paragraph headed "Proposed Capital Reorganisation" in this announcement "Circular" the circular of the Company to be despatched about the matters in this announcement "Companies Law" the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands "Company" Unity Investments Holdings Limited (#), a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Stock Exchange "Court" the Grand Court of the Cayman Islands "Directors" directors of the Company "EGM" the extraordinary general meeting of the Company to be convened at which resolutions will be proposed, among other things, to consider and, if thought fit, approve the Capital Reorganisation and the refreshment of the Scheme Mandate Limit "Group" the Company and its subsidiaries "Hong Kong" the Hong Kong Special Administrative Region of the People's Republic of China "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "New Share(s)" ordinary share(s) of HK$0.01 each in the capital of