09:41 DICKSON GROUP<00313>-Announcement & Resumption of Trading(3) Use of net proceeds The gross proceeds from the Placing will be approximately HK$6.66 million. The net proceeds of approximately HK$6.52 million from the Placing will be used by the Company with approximately HK$5 million in paying up part of the registered capital of the PRC Subsidiary and approximately HK$1.52 million as general working capital of the PRC Subsidiary. The Group is principally engaged in construction and building maintenance work. Effect on shareholding structure The existing shareholding structure of the Company and the shareholding structure of the Company upon issue of the New Shares are set out as below: Existing shareholding structure of the Company prior to completion of the Placing Shareholding structure of the Company after completion of the Placing % of issued % of issued Number of Shares held Number of Shares held Shares held (approximately) Shares held (approximately) Turbo Act International Limited 297,277,954 21.40 297,277,954 18.88 Wisdom Top International Limited 115,714,285 8.33 115,714,285 7.35 CGC Fashion Company Limited 76,114,285 5.48 76,114,285 4.83 Placees - - 185,000,000 11.75 Other public shareholders 900,264,991 64.79 900,264,991 57.19 Total 1,389,371,515 100 1,574,371,515 100 Fund raising activity of the Company in the 12 months immediately preceding the date of this announcement Description Announcement date Net proceeds Date of general mandates granted Intended use of proceeds as announced Actual use of proceeds Issue of Convertible Notes 10.06.2004 About HK$5.2 million 20.01.2004 General working capital for operating activities HK$5.2 million used for eneral working capital Rights Issue 17.12.2004 About HK$15.2 million N/A General working capital for operating activities HK$7.2 million used for general working capital and the remaining proceeds of HK$8.0 million will be used as general working capital Application for listing Application will be made by the Company to the Stock Exchange for the grant of the listing of, and permission to deal in, the New Shares. Share consolidation At the request of the Stock Exchange and pursuant to Rule 13.64 of the Listing Rules, the Company will publish an announcement regarding, among others, share consolidation of the Shares on or around 14 February 2005. Further details of the share consolidation of the Shares will be published by the Company in the relevant announcement. Suspension and resumption of trading Trading in the Shares has been suspended at the request of the Company with effect from 9:30 a.m. on 3 February 2005 pending the release of this announcement. Application has been made to the Stock Exchange for a resumption of trading in the Shares with effect from 9:30 a.m. on 7 February 2005. Terms and definitions "associate" has the meaning ascribed thereto under the Listing Rules "Board" the board of Directors