09:13     LIFETEC GROUP<01180> - Announcement (2)                             

    Limited (the "Registrar"), at Ground Floor, Bank of East Asia             
    Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong the           
    followings by no later than 4:00 p.m. on Friday, 25th February            
    2005:                                                                     
                                                                              
    (a)     the relevant certificate(s) of the 2005 Warrants;                 
                                                                              
    (b)     the duly completed and signed subscription form(s); and           
                                                                              
    (c)     the relevant subscription monies.                                 
                                                                              
    3.      Holders of the 2005 Warrants who have not registered the 2005     
    Warrants in their names and who wish to exercise in whole or              
    in part of any of the subscription rights attaching thereto must          
    lodge with the Registrar at the above-mentioned address the               
    followings by no later than 4:00 p.m. on Friday, 25th February            
    2005:                                                                     
                                                                              
    (a)     the relevant duly executed and stamped instrument(s) of           
    transfer(s) and/or other document(s) of title;                            
                                                                              
    (b)     the relevant certificate(s) of the 2005 Warrants;                 
                                                                              
    (c)     the duly completed and signed subscription form(s); and           
                                                                              
    (d)     the relevant subscription monies.                                 
                                                                              
    Subscription forms and the relevant accompanying documentation            
    which are lodged with the Registrar later than 4:00 p.m. on 25th          
    February, 2005 will not be accepted. Under the terms of the               
    Instrument, Shares will be allotted and Share certificate(s)              
    are expected to be ready for collection within 10 business days           
    from the date when the application is lodged.                             
                                                                              
    The closing prices of the Shares and the 2005 Warrants quoted             
    on the Stock Exchange on 21st January 2005 (being the date of             
    this announcement) were HK$0.127 per Share and HK$0.015 per 2005          
    Warrant respectively. Shares to be issued pursuant to the                 
    exercise of the subscription rights attaching to the 2005                 
    Warrants will, when issued, rank pari passu in all respects with          
    the then existing issued Shares.                                          
                                                                              
    A circular relating to the above will be despatched to the                
    registered holders of 2005 Warrants and, for information only,            
    to the registered holders of Shares as soon as practicable.               
                                                                              
    Holders of the 2005 Warrants, who are in doubt as to their                
    position or to the actions to be taken should consult their               
    stockbroker or other registered dealer in securities, bank                
    manager, solicitor, professional accountant or other                      
    professional advisers.                                                    
                                                                              
    As at the date of this announcement, the executive directors              
    of the Company are Mr. Jay Chun (Chairman and Managing Director),         
    Mr. Shan Shiyong, alias, Sin Sai Yung and Dr. Ma Xianming, alias,         
    Ma Yin Ming and the independent non-executive directors are Mr.           
    Frank Hu, Mr. Wang Faqi and Ms. Ma Shiwei.                                
                                                                              
    By Order of the Board                                                     
    LifeTec Group Limited                                                     
    Poon Yick Pang, Philip                                                    
    Company Secretary                                                         
                                                                              
    Hong Kong, 21st January 2005                                              
                                                                              
    *  For identification purposes only                                       
       For the Chinese name, please refer to the press announcement today.