09:17     CHINA METAL<00319> - Announcement (2)                               

    43,494,286                4.1922                                          
    Other Corporate Investors        41,442,469                4.1443         
            41,442,469                3.9945                                  
    Directors and their associates        35,020,922                3.5021    
            35,020,922                3.3755                                  
    Employees of the Group and their associates        21,605,462             
    2.1605                21,605,462                2.0825                    
    Employees of CMP and their associates        10,791,260                   
    1.0791                10,791,260                1.0401                    
    Individual investors        28,837,620                2.8838              
    28,837,620                2.7795                                          
    Public        250,000,000                25.0000                          
    287,500,000                27.7108                                        
            ------------------------------------------------------------      
    Total        1,000,000,000                100.0000                        
    1,037,500,000                100.0000                                     
            ============================================================      
                                                                              
    The Over-allotment Shares represent 3.75% of the existing issued share    
    capital of the Company and approximately 3.61% of the issued share        
    capital of the Company as enlarged by the issue of the Over-allotment     
    Shares.  The Offer Shares, including the Over-allotment Shares, will      
    represent 28.75% of the existing issued share capital of the Company and  
    approximately 27.71% of the issued share capital of the Company as        
    enlarged by the issue of the Over-allotment Shares.  Listing of, and      
    permission to deal in, the Over-allotment Shares has already been         
    granted by the Listing Committee of the Stock Exchange.                   
                                                                              
    The Company will receive additional net proceeds of approximately         
    HK$51.92 million from the issue of the Over-allotment Shares.  Such       
    additional proceeds of approximately HK$51.92 million will be used by     
    the Group (as described on page 11 and page 164 of the Prospectus) as     
    follows:-                                                                 
                                                                              
            HK$ million                                                       
                                                                              
    Acquisition of new production facilities for casting, machining and       
    coating        21.81                                                      
                                                                              
    Upgrade of existing production facilities for casting and machining       
    7.48                                                                      
                                                                              
    Acquisition of quality control equipment which will be used to fulfil     
    the quality requirements of                                               
      internationally based customers         7.48                            
                                                                              
    Acquisition of computerised design system and production equipment for    
    mould development         9.96                                            
                                                                              
    General working capital         5.19                                      
                            ----------------                                  
    Total                           51.92                                     
                            ================                                  
                                                                              
    By order of the board of Directors                                        
    China Metal International Holdings Inc.                                   
    Ho Ming-Shiann                                                            
    Chairman                                                                  
                                                                              
    Hong Kong, 17th January, 2005                                             
                                                                              
    As at the date hereof, the board of the Company consists of eight         
    directors, of which four are executive directors, namely Mr. Ho           
    Ming-Shiann, Mr. Tsao Ming-Hong, Mr. Guu Herng-Chang (also known as       
    Stanley Guu) and Mr. Wu Cheng-Tao and one non-executive director, namely  
    Mr. Christian Odgaard Pedersen and three independent non-executive        
    directors, namely Mrs. Chiu Lin Mei-Yu (also known as Mary Lin Chiu),     
    Mr. Wong Tin Yau, Kelvin and Mr. Hsu Shan-Ko.