09:32     CYBER ON-AIR<08118> - Suspension of Trading                         

    At the request of Cyber On-Air Group Company  Limited (the "Company"),    
    trading in its shares will be suspended with effect from 9:30 a.m. today  
    (17/1/2005) pending the release of an announcement in relation to placing 
    of shares of the Company.                                                 
                                                                              
                                                                              
    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.               
                                                                              
    China Fire Safety Enterprise Group Holdings Limited                       
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 8201)                                                        
                                                                              
    DISCLOSABLE TRANSACTION                                                   
    Sale of 25% of the equity interests of Sichuan Fire Safety                
    Appliances Factory to Morita Corporation and                              
    RESUMPTION OF TRADING                                                     
                                                                              
    The Directors are pleased to announce that on 14 January 2005             
    Allied Best entered into the Agreement with Morita, who is a shareholder  
    of the Company holding approximately 1.156% of the issued share           
    capital of the Company, in relation to the sale of 25% of the equity      
    interest of Sichuan Fire Factory at a cash consideration of               
    RMB20,750,000 (equivalent to approximately HKD19,575,472).                
                                                                              
    The Consideration was arrived at after arm's length negotiation and was   
    calculated to proportion the consideration and related expenses to be     
    paid by Morita-CFE in acquiring 50% of the equity interest of             
    Sichuan Fire Factory.                                                     
                                                                              
    Sichuan Fire Factory is a state owned enterprise originally founded in    
    the PRC in 1963, with paid up capital of RMB9,599,000. Sichuan Fire       
    Factory and its subsidiaries are principally engaged in the               
    manufacturing and sale of fire engines; design, manufacturing, sale and   
    installation of fire fighting and prevention equipment; and provision of  
    installation and maintenance services of fire prevention systems.         
                                                                              
    The Directors consider that the terms and conditions of the Disposal      
    are fair and reasonable and are in the interests of the Company and the   
    Shareholders taken as a whole.                                            
                                                                              
    The Disposal constitutes a disclosable transaction under Chapter 19       
    of the GEM Listing Rules.                                                 
                                                                              
    At the request of the Company, trading in Shares on GEM was suspended     
    with effect from 9:30 a.m. on 14 January 2005, pending release of this    
    announcement. Application has been made by the Company for the            
    resumption of trading in the Shares with effect from 9:30 a.m.            
    on 17 January 2005.                                                       
                                                                              
    A circular containing further details of the Disposal will be             
    despatched to the Shareholders as soon as practicable.                    
                                                                              
    By order of the Board                                                     
    China Fire Safety Enterprise Group Holdings Limited                       
    Jiang Xiong                                                               
    Chairman                                                                  
                                                                              
    As at the date of this announcement, the Company's Executive Directors    
    are Mr. Jiang Xiong, Mr. Jiang Qing, Mr. Chen Shu Quan and                
    Mr. Chan Siu Tat; the Non-Executive Directors are Mr. Richard Owen Pyvis  
    and Ms. Josephine Price; and the Independent Non-Executive Directors are  
    Mr. Liu Shi Pu, Mr. Heng Kwoo Seng and Mr. Xiang Yu Fu.                   
                                                                              
    Hong Kong, 14 January 2005                                                
                                                                              
    This announcement, for which the Directors of the Company collectively    
    and individually accept full responsibility, includes particulars         
    given in compliance with the Rules Governing the Listing of Securities    
    on the Growth Enterprise Market of The Stock Exchange of Hong Kong        
    Limited for the purpose of giving information with regard to the          
    Company. The Directors of the Company, having made all reasonable         
    enquiries, confirm that, to the best of their knowledge and belief,       
    (1) the information contain in this announcement is accurate and          
    complete in all material respects and not misleading; (2) there are no    
    other matters the omission of which would make any statement in this      
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful consideration     
    and are founded on bases and assumptions that are fair and reasonable.