10:29     CHINA SCI-TECH<00985> - Announcement & Resumption (12)              

    this announcement. An application has been made by the Company to the     
    Stock Exchange for the trading in the Shares to resume from 9:30 a.m.     
    on 4 February 2005 following the publication of this announcement.        
                                                                              
    Shareholders and potential investors should note that the New Shares      
    Placing and the CN Placing are subject to conditions to be fulfilled.     
    Shareholders and potential investors are reminded to exercise caution     
    when dealing in the Shares.                                               
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    Chiu Kong (Chairman), Mr. Kwan Kam Hung, Jimmy, Mr. Hui Richard Rui       
    and Mr. Wang Guangtian and the independent non-executive Directors        
    are Mr. Ong Peter, Mr. Miu Frank H. and Mr. Yu Pan.                       
                                                                              
    DEFINITIONS                                                               
    `associates'                   has the meaning given to that              
                                   term in the Listing Rules                  
    `Board'                        the board of Directors                     
    `CN Placing'                   the Convertible Notes to be                
                                   placed through the Placing                 
                                   Agent pursuant to the terms                
                                   of the CN Placing Agreement                
                                   in relation to the CN Placing              
    `CN Placing Agreement'         the conditional placing                    
                                   agreement dated 1 February                 
                                   2005 entered into between the              
                                   Company and the Placing Agent              
    `Company'                      China Sci-Tech Holdings                    
                                   Limited, a company                         
                                   incorporated in the Cayman                 
                                   Islands with limited                       
                                   liability and the shares of                
                                   which are listed on the Stock              
                                   Exchange                                   
    `connected person(s)'          has the meaning given to that              
                                   term in the Listing Rules                  
    `Consolidation'                the proposed shares                        
                                   consolidation of the issued                
                                   and unissued ordinary shares               
                                   of the Company by                          
                                   consolidating ten Shares into              
                                   one New Share                              
    `Conversion Shares'            those shares to be converted               
                                   upon conversion in particular              
                                   the aggregate of 200,000,000               
                                   New Shares falling to be                   
                                   issued if full exercise of                 
                                   the conversion rights                      
                                   attached to the Convertible                
                                   Notes at the initial                       
                                   conversion price of HK$0.30                
                                   per New Share (subject to                  
                                   adjustment)                                
    `Convertible Notes'            the convertible redeemable                 
                                   notes to be issued by the                  
                                   Company in the aggregate                   
                                   principal amount of                        
                                   HK$60,000,000                              
    `Director(s)'                  director(s) of the Company                 
    `EGM'                          extraordinary general meeting              
                                   of the Company to be convened              
                                   to approve the matter(s)                   
                                   referred to herein                         
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `Maturity Date'                the day preceding the third                
                                   anniversary of the date of                 
                                   issue of the Convertible                   
                                   Notes                                      
    `New Share(s)'                 new issued and unissued                    
                                   ordinary shares of HK$0.10                 
                                   each in the capital of the                 
                                   Company arising from the                   
                                   Consolidation                              
    `New Shares Placing'           the placing of 200,000,000                 
                                   New Shares pursuant to the                 
                                   terms of New Shares Placing                
                                   Agreement                                  
    `New Shares Placing Agreement' a conditional placing                      
                                   agreement dated 1 February                 
                                   2005 entered into between the              
                                   Company and the Placing Agent              
                                   in relation to the New Shares              
                                   Placing                                    
    `Placee(s)'                    any institutional, corporate               
                                   or independent individual                  
                                   investor(s) procured by the                
                                   Placing Agent to subscribe                 
                                   for any principal amount of                
                                   the Convertible Notes and                  
                                   Placing Shares pursuant to