09:49     MEDTECH GROUP<01031> - Announcement (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.                                                     
                                                                              
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    MEDTECH GROUP COMPANY LIMITED                                             
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1031)                                                        
                                                                              
    FURTHER POSTPONEMENT OF DESPATCH OF CIRCULAR                              
                                                                              
    The Company announces that the despatch of the                            
    Circular to the Shareholders will be further                              
    postponed pending, among other things, preparation                        
    of the pro forma financial information on the                             
    Grandview Hotel to be set out in the Circular which                       
    is being prepared from the financial statements of                        
    the Vendor (as Grandview Hotel does not have its own                      
    financial statements) to the format and basis in                          
    compliance with the Listing Rules. It is expected that                    
    the Circular will be despatched to the Shareholders                       
    on or before 8 February 2005.                                             
                                                                              
    References are made to the Company's announcements                        
    dated 14 December 2004 and 5 January 2005 (the                            
    "Announcements"). Terms used herein shall have the                        
    same meanings as those defined in the Announcements                       
    unless the context requires otherwise.                                    
                                                                              
    FURTHER POSTPONEMENT OF DESPATCH OF CIRCULAR                              
    In accordance with Rule 14.38 of the Listing Rules,                       
    a circular of the Company containing, among other                         
    things, further details of (i) the Acquisition, (ii)                      
    the Agreement with Mrs. Chu, (iii) the Agreement                          
    Between Futuremind and SJM, (iv) the grant of the                         
    Warrants to Sure Expert; (v) the change of the                            
    Company's name; and (vi) the notice of SGM for                            
    considering and, if thought fit, approving at the SGM,                    
    the Acquisition, the Agreement with Mrs. Chu, the                         
    Agreement Between Futuremind and SJM, the grant of                        
    the Warrants to Sure Expert, and the change of the                        
    Company's name (the "Circular") has to be despatched                      
    to the Shareholders within 21 days after the                              
    publication of the Announcement, which is on or before                    
    5 January 2005 and subsequently extended to a date                        
    falling on or before 26 January 2005. Given that                          
    additional time is required for, among other things,                      
    preparation of the pro forma financial information                        
    on the Grandview Hotel to be set out in the Circular                      
    which is being prepared from the financial statements                     
    of the Vendor (as Grandview Hotel does not have its                       
    own financial statements and thus additional time is                      
    expected to be required for the extraction of                             
    financial information from the Vendor) to the format                      
    and basis in compliance with the Listing Rules, the                       
    Directors consider that the despatch of the Circular                      
    to the Shareholders has to be further postponed and                       
    the Company has applied to the Stock Exchange for                         
    another waiver from the strict compliance with Rule                       
    14.38 of the Listing Rules by extending the despatch                      
    date of the Circular to a date falling on or before                       
    8 February 2005.                                                          
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr. Cheung Yu Shum, Jenkin, Mr. Chu Yuk                     
    Kuen, Mr. Wong Kui Tak and Mr. Ng Tak Chak, Nelson,                       
    and the independent non-executive Directors are Mr.                       
    Shum Ka Hei, Mr. Chan Chi Yuen and Mr. Wong King Shiu,                    
    Daniel.