09:36     XINYI GLASS HOLDINGS LIMITED<00868> - Announcement (10)             

    mechanism, the total number of the International Placing Shares for       
    subscription under the International Placing has been reduced to          
    225,000,000 Shares, representing 60% of the total number of Offer         
    Shares. Apart from the initial number of the International Placing        
    Shares offered for subscription (after the reallocation as stated         
    above), the Global Coordinator has over-allocated an aggregate of         
    56,250,000 Shares under the International Placing, representing 15%       
    of the total number of Offer Shares initially available under the         
    Share Offer. The settlement of such over-allocations will be effected     
    by the stock borrowing arrangement pursuant to the Stock Borrowing        
    Agreement. Subject to satisfaction of the conditions set out in the       
    section headed `Structure and conditions of the Share Offer' in the       
    Prospectus, all International Placing Shares will be allocated in         
    full. The International Placing is in compliance with appendix 6 to       
    the Listing Rules and the Company has been advised that no placee         
    will, individually, hold more than 10% of the enlarged issued share       
    capital of the Company immediately after the Share Offer.                 
                                                                              
    The Company has granted to the Global Coordinator the Over-allotment      
    Option which is exercisable by the Global Coordinator at any time         
    from the Listing Date up to the 30th day after the last day for the       
    lodging of applications under the Hong Kong Public Offer to require       
    the Company to issue, at the Offer Price of HK$2.00 for each Share,       
    up to an additional 56,250,000 new Shares to cover over-allocations       
    in the International Placing. If the Over-allotment Option is             
    exercised in whole or in part, a separate press announcement will be      
    made.                                                                     
                                                                              
    COMMENCEMENT OF DEALINGS                                                  
    Subject to the conditions set out in the section headed `Structure        
    and conditions of the Share Offer' in the Prospectus, dealings in the     
    Shares on the Main Board are expected to commence at 9:30 a.m. on 3       
    February 2005. Shares will be traded in board lots of 2,000 Shares.       
                                                                              
                                                                              
    GENERAL INFORMATION                                                       
    As at the date of this announcement, the executive Directors are Mr.      
    LEE Yin Yee, Mr. TUNG Ching Bor, Mr. TUNG Ching Sai, Mr. LEE Shing        
    Put, Mr. LEE Yau Ching, Mr. LI Man Yin, Mr. NG Ngan Ho and Mr. LI         
    Ching Leung, the non-executive Directors are Mr. LI Ching Wai and Mr.     
    SZE Nang Sze and the independent non-executive Directors are Mr. LAM      
    Kwong Siu, Mr. WONG Chat Chor Samuel and Mr. WONG Kong Hon.               
                                                                              
                                                                              
    By order of the Board                                                     
    XINYI GLASS HOLDINGS LIMITED                                              
    LEE Yin Yee                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 1 February 2005