09:43 WISDOM VENTURE<00554> - Announcement (1) The Stock Exchange of Hong Kong Limited 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. WISDOM VENTURE HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) (Stock code: 554) RESULTS OF EXTRAORDINARY GENERAL MEETING AND CHANGE OF FINANCIAL YEAR END AND UNUSUAL PRICE MOVEMENT At the EGM held on 10 January 2005, the special resolutions in relation to the change of name of the Company to Hans Energy Company Limited and the corresponding amendments to the Memorandum and Articles were duly passed. The financial year end of the Company has been changed from 31 March to 31 December. The Board has noted the recent increases in the price and trading volume of the Shares and wishes to state that the Board is not aware of any reason for such increases, nor is the Board aware of any matter discloseable except for the results of the EGM and the change of financial year end as announced herein. RESULTS OF EGM Reference is made to the circular (the Circular) of the Company dated 16 December 2004 in relation to the change of name of the Company and the corresponding amendments to the Memorandum and Articles. Unless the context requires otherwise, terms used herein shall have the same meanings as defined in the Circular. The Board is pleased to announce that the special resolutions in relation to the change of name of the Company from Wisdom Venture Holdings Limited to Hans Energy Company Limited, the corresponding amendments to the Memorandum and Articles, and the adoption of the reprinted new Memorandum and Articles were duly approved by the Shareholders at the EGM. A further announcement will be issued by the Company when the Certificate of Incorporation on Change of Name of the Company by the Registrar of Companies in the Cayman Islands has been issued and the effective date of the Shares traded under the new name on the Stock Exchange has been confirmed. CHANGE OF FINANCIAL YEAR END The Board further announces that it has resolved to change the financial year end date of the Company from 31 March to 31 December in order to make the Company's financial year coterminous with that of the Company's major subsidiary, Union Petro-Chemicals (BVI) Company Limited. The unaudited interim results of the Company for the six months ended 30 September 2004 has been announced on 9 November 2004 and the audited final results of the Company for the nine months ended 31 December 2004 will be published on or before 30 April 2005. UNUSUAL PRICE MOVEMENT This statement is made at the request of the Stock Exchange. The Board has noted the recent increases in the price and trading volume of the Shares and wishes to state that the Board is not aware of any reason for such increases. The Board also confirms that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under rule 13.23 of the Listing Rules, neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature, except for the results of the EGM and the change of financial year end of the Company as announced above. Made by the order of the Board, the Directors of which individually and jointly accept responsibility for the accuracy of this statement.