10:28     CHINA SCI-TECH<00985> - Announcement & Resumption (9)               

                                                           amount of          
                                                           HK$49.95mi         
                                                           llion at           
                                                           the                
                                                           conversion         
                                                            price of          
                                                           HK$0.27            
                                                           (note 5)           
                                                           (approxima         
                                                           tely)              
                                                                              
    Kaison     171,742,40 171,742,40 171,742,40 171,742,40 171,742,40         
    Limited    0          0          0          0          0 8.17             
    (Note      11.31      10.00      11.31      8.96                          
    1)                                                                        
    Dollar     118,294,40 118,294,40 118,294,40 118,294,40 118,294,40         
    Group      0          0          0          0          0 5.63             
    Limited    7.80       6.89       6.89       6.17                          
    (Notes 2                                                                  
    &                                                                         
    4)                                                                        
    Dr. Ho     93,575,000 93,575,000 93,575,000 93,575,000 93,575,000         
    Hung Sun                                                4.45              
    Stanley    6.17       5.45       5.45       4.88                          
    (Notes                                                                    
    4)                                                                        
    Everfull   83,481,200 83,481,200 83,481,200 83,481,200 83,481,200         
    Internatio                                              3.97              
    nal        5.50       4.86       4.86       4.35                          
    Limited                                                                   
    (Note                                                                     
    3)                                                                        
    Placees    -  -       200,000,00 -  -       200,000,00 200,000,00         
    for New               0                     0          0 9.51             
    Shares                11.64                 10.43                         
    Placees    -  -       -  -       200,000,00 200,000,00 200,000,00         
    for                              0          0          0 9.51             
    Convertibl                       11.64      10.43                         
    e                                                                         
    Notes                                                                     
    Public     1,050,391, 1,050,391, 1,050,391, 1,050,391, 1,235,391,         
    Shareholde 600        600        600        600        600 58.76          
    rs         69.22      61.16      61.16      54.78                         
                                                                              
    Total      1,517,484, 1,717,484, 1,717,484, 1,917,484, 2,102,484,         
               600        600        600        600        600                
               100.00     100.00     100.00     100.00     100.00             
                                                                              
                                                                              
                                                                              
                                                                              
    Note:                                                                     
    1 .                                                                       
    Kaison Limited is beneficially owned by Mr. Zhao Zhigang and Ms. Guo      
    Bingli, being the spouse of Mr. Zhao as to 50% and 50% respectively.      
    Mr. Zhao is also the direct and indirect shareholder of Shijiazhuang      
    Shuanghuan Automobile Company  interested in 51% of its issued share      
    capital. Shijiazhuang Shuanghuan Automobile Company  is holding           
    company of Shuanghuan interested in 75% of its registered capital.        
    Reference is made to the Company's announcement dated 18 November         
    2004 and the Company's circular dated 31 December 2004. The Company       
    has acquired Tian Yang (H.K.) Company Limited which in turn holds 25%     
    of the registered capital of in Shijiazhuang Shuanghuan Automobile        
    Co. Ltd. (`Shuanghuan').                                                  
                                                                              
    2.                                                                        
    Dollar Group Limited is ultimately and beneficially owned by              
    Heritage International Holdings Limited which is listed on the Stock      
    Exchange (stock code: 412)                                                
                                                                              
    3.                                                                        
    Everfull International Limited is a wholly owned subsidiary of Hubei      
    Enterprises Limited which is incorporated in Hong Kong. Yan Cunzeng,      
    as controlling shareholder of Hebei Enterprises Limited, is then          
    deemed to be interested in the Shares.                                    
                                                                              
    4.                                                                        
    Heritage International Holdings Limited and Dr. Ho Hung Sun Stanley       
    are part of the public Shareholders.                                      
                                                                              
    5.                                                                        
    As at the date of this announcement, the Company has outstanding          
    convertible notes of HK$49.95 million entitling the holders thereof       
    to subscribe for an aggregate of up to 1,850,000,000 Shares, at the       
    current conversion price of HK$0.027 per Share, subject to                
    adjustment. For the purpose of preparing the above shareholding           
    structure and subject to the confirmation from the Company's              
    financial adviser, it is assumed that the conversion price will           
    become HK$0.27 per New Share upon the Consolidation becomes               
    effective. Shareholders should note that the conversion price of          
    HK$0.27 is for the reference purpose only. Appropriate adjustment         
    will be made to the conversion price of the convertible notes             
    pursuant to the terms and conditions of the convertible notes and         
    will be announced in further announcement or in the circular to be