09:33 HAYWOOD INV<00905>-Announcement & Resumption of Trading (11) Shareholders whose names appear on the register of members of the Company as at the close of business on the Record Date and not being the Excluded Shareholder(s) "Record Date" 17 March 2005, being the date by reference to which entitlements to the Open Offer will be determined "Registrar" Secretaries Limited of Ground Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong, the Company's branch share registrar in Hong Kong "Share Consolidation" the proposed consolidation of every five Shares into two New Shares "Shares" shares of HK$0.01 each in the share capital of the Company prior to completion of the Share Consolidation "Shareholder(s)" holder(s) of Shares or, after the Share Consolidation becoming effective, holder(s) of New Shares "Stock Exchange" The Stock Exchange of Hong Kong Limited "Subscription Price" the subscription price of HK$0.065 per Offer Share pursuant to the Open Offer "Underwriters" Kingston and Orient "Underwriting Agreement" the underwriting agreement dated 28 January 2005 as amended by a supplemental underwriting agreement dated 4 February 2005 entered into among the Company, the Substantial Shareholder and the Underwriters in relation to the Open Offer "Underwritten Shares" 63,604,800 Offer Shares underwritten by the Underwriters, of which 31,802,400 Offer Shares were underwritten by Kingston and 31,802,400 Offer Shares were underwritten by Orient, pursuant to the Underwriting Agreement "HK$" Hong Kong dollars, the lawful currency of Hong Kong "%" per cent. By order of the Board Phang Yul Cher Yeow Director Hong Kong, 7 February 2005 As at the date of this announcement, the Board comprise Mr. Wong Fong Kim, Mr. Tai Ah Lam, Michael, Mr. Phang Yul Cher Yeow and Mr. Tham Ming Yong as executive Directors; Dr Wong Yun Kuen, Edward, Mr. Hsieh Dominick, Mr. Chang Kin Man and Mr. Wong Wing Hang, Henry as independent non-executive Directors.