09:07     COMPUTECH<08081> - Announcement                                     

                                                                              
    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.                                
                                                                              
    Computech Holdings Limited                                                
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8081)                                                        
                                                                              
    EXPECTED TIMETABLE OF CAPITAL REORGANISATION                              
    AND CHANGE IN BOARD LOT SIZE                                              
                                                                              
    The Petition was heard and confirmed by the Court on Friday,              
    14 January 2005 (Cayman Islands time). A copy of the Court                
    Order and the Minute will be filed and registered with the                
    Registrar of Companies in the Cayman Islands on Tuesday, 18               
    January 2005 (Cayman Islands time) whereupon the Capital                  
    Reorganisation will become effective. The expected timetable,             
    which is the same as that contained in the announcement of                
    the Company dated 9 December 2004, in relation to the Capital             
    Reorganisation, trading arrangements for the existing Shares              
    and the New Shares and free exchange of the new share                     
    certificates is contained in this announcement.                           
                                                                              
    Trading in the New Shares will commence on Wednesday, 19                  
    January 2005. The earliest time for free exchange of new share            
    certificates will be 9:00 a.m. on Wednesday, 19 January 2005              
    and the latest time for free exchange of new share                        
    certificates will be 4:00 p.m. on Monday, 21 February 2005.               
                                                                              
    Matching service will be provided throughout the period from              
    Wednesday, 19 January 2005 to Monday, 21 February 2005 in                 
    order for the Shareholders to dispose of their odd lots or                
    top up to a full board lot.                                               
                                                                              
    By order of the Board                                                     
    Computech Holdings Limited                                                
    Alphonso Fung                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 17 January, 2005                                               
                                                                              
    As at the date of this announcement, the executive Directors              
    are Mr. Fung Pak Chuen, Alphonso and Mr. Lo, Richard. The                 
    non-executive Director is Mr. Sugii Toshio and the                        
    independent non-executive Directors are Mr. Lee Sai Yeung,                
    Mr. Chung Kong Fei, Stephen and Mr. Ng Chik Sum, Jackson.                 
                                                                              
    This announcement, for which the Directors 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, having             
    made all reasonable enquiries, confirm that, to the best of               
    their knowledge and belief: (1) the information contained 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.                                                  
                                                                              
    The above announcement is a summary only. For the full version            
    of this announcement, please refer to the "Latest Company                 
    Announcements" page on the GEM website of                                 
    http://www.hkgem.com.