10:03 NEW WORLD CYBER<00276> - Announcement (1) 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. NEW WORLD CYBERBASE LIMITED (Incorporated in Bermuda with limited liability) (Stock code: 276) DESPATCH OF THE RIGHTS ISSUE DOCUMENTS The Directors are pleased to announce that the Rights Issue Documents have been despatched to the Qualifying Shareholders on 7 February 2005. Reference is made to (i) the announcement issued by New World CyberBase Limited (the "Company") dated 22 November 2004; and (ii) the circular (the "Circular") dated 11 January 2005 issued by the Company. Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular. DESPATCH OF THE RIGHTS ISSUE DOCUMENTS The Directors are pleased to announce that the Rights Issue Documents have been despatched to the Qualifying Shareholders on 7 February 2005. A copy of each of the Rights Issue Documents, having attached thereto the written consent referred to under the heading "Qualification and consent of expert" in Appendix II to the Prospectus, have been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies Ordinance. A copy of each of the Rights Issue Documents will be filed with the Registrar of Companies in Bermuda in accordance with the Companies Act 1981 of Bermuda. DEALINGS IN THE RIGHTS SHARES The Company has applied to the Listing Committee for the listing of, and permission to deal in, the Rights Shares, in both their nil-paid and fully-paid forms. No part of the equity or debt securities of the Company is listed or dealt in or on which listing or permission to deal is being or is proposed to be sought on any other stock exchange. Nil-paid Rights Shares are expected to be traded in board lots of 5,000 (the Shares are currently traded on the Stock Exchange in board lots of 5,000). Dealing in the Rights Shares (in both nil-paid and fully-paid forms) will be subject to the payment of stamp duty, Stock Exchange trading fee, SFC transaction levy, investor compensation levy or any other applicable fees and charges in Hong Kong. LATEST TIME FOR ACCEPTANCE AND PAYMENT If the Qualifying Shareholders wish to accept all the Rights Shares provisionally allotted to them as specified in the provisional allotment letter, the Qualifying Shareholders must lodge the provisional allotment letter in accordance with the instructions printed thereon, together with a remittance for the full amount payable on acceptance, with the Company's branch share registrars in Hong Kong, Standard Registrars Limited, at Ground Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong, by no later than 4:00 p.m. on or before Tuesday, 1 March 2005. All remittances must be made in Hong Kong dollars. WARNINGS OF THE RISKS OF DEALING IN THE SHARES AND RIGHTS SHARES Existing Shares have been dealt with on an ex-rights basis since Wednesday, 26 January 2005. The Rights Shares will be dealt with in their nil-paid form from Tuesday, 15 February 2005 to Thursday, 24 February 2005 (both dates inclusive). If prior to 4:00 p.m. Monday, 7 March 2005 (or such later date as Golden Infinity may agree with the Company), Golden Infinity terminates the Underwriting Agreement or all the conditions of the Rights Issue cannot be fulfilled (or, if appropriate, waived), the Rights Issue will not proceed. Any dealing in the Shares until the date on which all the conditions of the Rights Issue are fulfilled (or, if appropriate, waived), and any dealing in the Rights Shares in their nil-paid form between Tuesday, 15 February 2005 to Thursday, 24 February 2005, both dates inclusive, will accordingly bear the risk that the Rights Issue may not become unconditional or may not proceed. Any Shareholders or other persons contemplating any dealings in the Shares or the Rights Shares in their nil-paid forms are recommended to consult their own professional advisers. RIGHTS OF SHAREHOLDERS WITH REGISTERED ADDRESS OUTSIDE HONG KONG The Rights Issue Documents have not been registered under the applicable securities legislation of any jurisdiction other than Hong Kong and Bermuda. Based on the register of members of the Company as at the