09:48     CITIC 21CN<00241> - Announcement & Resumption of Trading(11)        

    2005 to 9 March 2005 who are in any doubt about their                     
    position are recommended to consult their                                 
    professional advisers. Any Shareholders or other                          
    persons dealing in Shares up to the date on which all                     
    the conditions to which the Rights Issue is subject                       
    are fulfilled (and the date on which the Underwriter's                    
    right of termination of the Underwriting Agreement                        
    ceases) and any persons dealing in the nil-paid                           
    Warrants during the period from 1 March 2005 to 9 March                   
    2005 will accordingly bear the risk that the Rights                       
    Issue may not become unconditional or may not proceed.                    
                                                                              
    ADJUSTMENT TO THE SUBSCRIPTION PRICES OF THE OPTIONS                      
    The Rights Issue may constitute an event giving rise                      
    to an adjustment to the subscription prices for Shares                    
    upon exercises of the Options in accordance with their                    
    respective terms. The Company will notify all holders                     
    of the Options by way of a separate announcement of                       
    details of any adjustment made to the subscription                        
    prices for Shares upon exercise of the rights under                       
    the Options in accordance with their respective terms.                    
    The calculation of adjustment in accordance with                          
    their respective terms will be verified by the                            
    auditors of the Company.                                                  
                                                                              
    GENERAL                                                                   
    The Prospectus containing further details of the                          
    Rights Issue will be despatched to the Shareholders                       
    as soon as practicable.                                                   
                                                                              
    Shareholders and potential investors should exercise                      
    caution in dealing in the securities of the Company.                      
                                                                              
    In March 2004, the Company raised net proceeds of                         
    approximately HK$75 million by way of a top-up placing                    
    with Uni-Tech. Such net proceeds were used as the                         
    Group's working capital, which was also its intended                      
    use as disclosed in the announcement of the Company                       
    dated 17 March 2004. Save as above, the Company has                       
    not conducted any fundraising exercise for the past                       
    12 months immediately preceding the date of this                          
    announcement.                                                             
                                                                              
    Trading of the Shares has been suspended with effect                      
    from 10:01 a.m. on 3 February 2005 pending the release                    
    of this announcement. The Company has applied for                         
    resumption of trading of the Shares with effect from                      
    9:30 a.m. on 8 February 2005.                                             
                                                                              
    BOARD OF DIRECTORS                                                        
    As at the date of this announcement, the Board                            
    comprises ten directors, of which (i) seven are                           
    executive directors, namely Ms. Chen Xiao Ying, Mr.                       
    Luo Ning, Mr. Sun Yalei, Mr. Zhang Lian Yang, Mr. Yin                     
    Yiping, Ms. Xia Guilan and Dr. Liu Xiaoping; and (ii)                     
    three are independent non-executive directors,                            
    namely, Mr. Tsui Yiu Wa, Alec, Mr. Zhang Jian Ming                        
    and Mr. Liu Hongru.                                                       
                                                                              
    In this announcement, unless the context otherwise                        
    requires, the following terms shall have the                              
    following meanings:                                                       
                                                                              
    "associate"     has the meaning ascribed thereto under the                
    Listing Rules                                                             
                                                                              
    "Board" board of the Directors                                            
                                                                              
    "Company"       CITIC 21CN COMPANY LIMITED, an exempted                   
    company incorporated in Bermuda with limited                              
    liability, the securities of which are listed on