08:59     ZIDA TECH<00859> - Announcement & Resumption of Trading (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.                                                             
                                                                              
                                                                              
    Zida Computer Technologies Limited                                        
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 859)                                                         
                                                                              
    Unusual share price and trading volume movements                          
    and                                                                       
    Resumption of share trading                                               
                                                                              
    The directors of the Company are not aware of any reasons for             
    the recent increases in the price and the trading volume of the           
    shares of the Company save for the possible change in control             
    as disclosed below. The shares of the Company were suspended              
    from trading on the Stock Exchange with effect from 9:30 a.m.             
    on 25 January 2005 pending the release of this announcement.              
    Application has been made to the Stock Exchange for the                   
    resumption of trading in the shares of the Company with effect            
    from 9:30 a.m. on 26 January 2005.                                        
                                                                              
    This statement is made at the request of The Stock Exchange of            
    Hong Kong Limited (the "Stock Exchange").                                 
                                                                              
    The board of directors of Zida Computer Technologies Limited              
    (the "Company") noted the increases in the price and the trading          
    volume of the shares of the Company on 24 January 2005 and wishes         
    to state that the directors of the Company are not aware of any           
    reasons for such increases except that they have been informed            
    by its controlling shareholders, namely Mr. Chang Chung Wa, Eddie         
    and Ms. Tang Kit Ching, Venus (the "Controlling Shareholders"),           
    who respectively hold an approximate 58.64% and an approximate            
    13.81% beneficial interest in the Company, that they have been            
    in discussions with various independent third parties not                 
    connected with the substantial shareholders, directors and chief          
    executive of the Company and any of its subsidiaries or their             
    respective associates (as defined in the Rules Governing the              
    Listing of Securities on the Stock Exchange (the "Listing Rules"))        
    with a view to disposing of part or whole of the Controlling              
    Shareholders' equity interest in the Company which may result             
    in a change in control of the Company, a general offer being              
    made for the remaining issued shares of the Company under Rule            
    26.1 of the Hong Kong Code on Takeovers and Mergers and other             
    notifiable transaction(s) for the Company under the Listing               
    Rules. No agreement has been reached and no letter of intent              
    has been signed between the Controlling Shareholders and any              
    of the aforesaid independent third parties with regard to the             
    terms (including the consideration and conditions) of such                
    disposal at the moment and such discussions may or may not proceed.       
    Should the aforesaid change in control materialise, the business          
    of the Company may or may not change, depending on the intentions         
    of the future directors and/or controlling shareholder(s) of              
    the Company, and such intentions will be separately announced             
    by the Company in due course. None of the Controlling                     
    Shareholders or the directors of the Company have dealt in the            
    securities of the Company within the six-month period before              
    the date of this announcement. Further announcement will be made          
    if there is any further material development in the future.               
                                                                              
    Save for the above, the board of directors of the Company confirms        
    that there are no negotiations or agreements relating to intended         
    acquisitions or realisations which are discloseable under Rule            
    13.23 of the Listing Rules,