08:59 GDC<08271> - 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. This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Shougang Concord Grand (Group) Limited and Global Digital Creations Holdings Limited. GLOBAL DIGITAL CREATIONS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 8271) Despatch of Offeree Document of Global Digital Creations Holdings Limited in relation to a voluntary conditional share exchange offer by DBS Asia Capital Limited on behalf of Upper Nice Assets Ltd., a wholly-owned subsidiary of Shougang Concord Grand (Group) Limited, to acquire all the issued shares of, and a voluntary conditional cash offer to cancel all the outstanding options of, Global Digital Creations Holdings Limited (other than those already owned by the Offeror and parties acting in concert with it) The Offeree Document containing, among other things, (i) a letter from the Board; (ii) a letter from the Independent Board Committee; and (iii) a letter from First Shanghai, the independent financial adviser to the Independent Board Committee, had been despatched to the GDC Shareholders and the GDC Optionholders on 27 January 2005 in accordance with the Takeovers Code. By Order of the Board Global Digital Creations Holdings Limited Dr. David Deng Wei Vice Chairman Hong Kong, 27 January 2005 The directors of GDC jointly and severally accept full responsibility for the accuracy of the information in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading. As at the date of this announcement, the board of directors of GDC comprises Mr. Anthony Francis Neoh (Chairman and non-executive Director); Dr. David Deng Wei (Vice-chairman and non-executive Director); Mr. Raymond Dennis Neoh (executive Director); Mr. Stephen Scharf (non-executive Director); Mr. Gordon Kwong Che Keung, Professor Japhet Sebastian Law and Mr. Paul Kwan Yuen Chiu (independent non-executive Directors). 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. The last day of dealing in the Shares on a cum-rights basis is expected to be Monday, 28 February 2005 and it is expected that existing Shares will be dealt with on an ex-rights basis from Tuesday, 1 March 2005. To qualify for the Rights Issue, a Shareholder must be a Qualifying Shareholder. In order to be registered as a member of the Company on the Record Date, any transfer of Shares must be lodged for registration with the Company's branch share registrar in Hong Kong, Hong Kong Registrars Limited, Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queens' Road East, Hong Kong by 4:00 p.m. on Wednesday, 2 March 2005. The Rights Shares are expected to be dealt with in their nil-paid form from Friday, 11 March 2005 to Monday, 21 March 2005, both dates inclusive. The last day for acceptance and payment of the Rights Shares is expected to be on Thursday, 24 March 2005. The Company will apply to the Stock Exchange for the listing of, and permission to deal in, the Rights Shares in both nil-paid and fully-paid forms. SUSPENSION AND RESUMPTION Trading in the Shares was suspended on the Stock Exchange from 9:30 a.m. on 21 January 2005 at the request of the Company pending the issue of this announcement and application has been made to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange from 9:30 a.m. on 28 January 2005. By order of the Board Computech Holdings Limited Fung Pak Chuen Alphonso Chairman Hong Kong, 27 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.