09:32     HAYWOOD INV<00905>-Announcement & Resumption of Trading (8)         

                   Actual use of proceeds                                     
    Date of       Net proceeds      Intended use    as at the date of         
    announcement   Event   (approximately)      of proceeds   this            
    announcement                                                              
                                                                              
    19 July 2004   Subscription of    HK$2.5 million      Investment in       
    Approximately                                                             
         27,200,000 new Shares            accordance      HK$0.5 million      
         at a subscription price            with the Company's      for the   
    investment                                                                
         of HK$0.10 per Share           investment policy      in accordance  
                                                                              
                  of investing in listed      with the Company's              
                  and unlisted      investment policy                         
                  companies      and approximately                            
                  in Hong Kong      HK$2.0 million                            
                  and the PRC     was designated                              
                     for the future                                           
                     investment.                                              
                     The aforesaid                                            
                     investment of                                            
                     HK$0.5 million                                           
                     did not constitute                                       
                     a notifiable                                             
                     transaction                                              
                     of the Company                                           
                                                                              
    11 March 2004   Placing of 28,800,000    HK$3.38 million      General     
    working capital   As intended use                                         
         Shares at a pricing                                                  
         price of HK$0.124                                                    
         per Share                                                            
                                                                              
    EXPECTED TIMETABLE                                                        
                                                                              
    Despatch of the circular to the Shareholders relating                     
      to the increase in authorised share capital                             
      of the Company, the Share Consolidation and                             
      the Open Offer, containing, among other things, the                     
      notice of the EGM   Monday, 28 February 2005                            
                                                                              
    Last day of dealings in Shares on cum-entitlement basis   Thursday, 10    
    March 2005                                                                
                                                                              
    First day of dealings in Shares on ex-entitlement basis   Friday, 11      
    March 2005                                                                
                                                                              
    Latest time for lodging transfers of Shares                               
      in order to be entitled to the Open Offer   4:00 p.m. on Monday,        
    14 March 2005                                                             
                                                                              
    Latest time for lodging forms of proxy                                    
      for the purpose of the EGM (not less than 48 hours                      
      before the time for the EGM)   10.00 a.m. on Tuesday,                   
    15 March 2005                                                             
                                                                              
    Register of members closes (both dates inclusive)   Tuesday, 15 March     
    2005                                                                      
       to Thursday, 17 March 2005                                             
                                                                              
    Time and date of EGM   10.00 a.m. on Thursday,                            
    17 March 2005                                                             
                                                                              
    Record Date   Thursday, 17 March 2005                                     
                                                                              
    Expected date on which the increase                                       
      in authorised share capital becomes effective   Friday, 18 March 2005   
                                                                              
    Expected date on which                                                    
      Share Consolidation becomes effective   Friday, 18 March 2005           
                                                                              
    Free exchange of existing Share certificates                              
      for new share certificates commences   Friday, 18 March 2005            
                                                                              
    Existing counter for trading in existing shares                           
      in board lots of 2,000 Shares temporarily closes   9:30 a.m. on         
    Friday, 18 March 2005                                                     
                                                                              
    Temporary counter for trading in New Shares                               
      in board lots of 800 New Shares                                         
      (in the form of existing share certificates) opens   9:30 a.m. on       
    Friday, 18 March 2005                                                     
                                                                              
    Register of members reopens   Friday, 18 March 2005