09:23     MEDTECH GROUP<01031> - Announcement                                 

    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.                                                     
                                                                              
    MEDTECH GROUP COMPANY LIMITED                                             
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1031)                                                        
                                                                              
    FURTHER POSTPONEMENT OF DESPATCH OF CIRCULAR                              
    REGARDING                                                                 
    (1) VERY SUBSTANTIAL ACQUISITION                                          
    - PROPOSED ACQUISITION OF GRANDVIEW HOTEL;                                
    (2) AGREEMENT BETWEEN FUTUREMIND AND SJM;                                 
    (3) GIVING OF SHARES BY THE CONTROLLING SHAREHOLDER;                      
    (4) GRANT OF UNLISTED WARRANTS; AND                                       
    (5) PROPOSED CHANGE OF COMPANY NAME                                       
                                                                              
    The Company announces that as additional time is                          
    required to collate and compile information for                           
    disclosure in the Circular, the despatch of the                           
    Circular to the Shareholders will be further                              
    postponed. It is expected that the Circular will be                       
    despatched to the Shareholders on or before 22                            
    February 2005.                                                            
                                                                              
    References are made to the Company's announcements                        
    dated 14 December 2004, 5 January and 26 January 2005                     
    (the "Announcements"). Terms used herein shall have                       
    the same meanings as those defined in the                                 
    Announcements unless the context requires otherwise.                      
                                                                              
    FURTHER POSTPONEMENT OF DESPATCH OF CIRCULAR                              
    In accordance with Rule 14.38 of the Listing Rules,                       
    a circular of the Company containing, among other                         
    things, further details of (i) the Acquisition; (ii)                      
    the Agreement with Mrs Chu; (iii) the Agreement                           
    Between Futuremind and SJM; (iv) the grant of the                         
    Warrants to Sure Expert; (v) the change of the                            
    Company's name; and (vi) the notice of SGM for                            
    considering and, if thought fit, for approving at the                     
    SGM the Acquisition, the Agreement with Mrs Chu, the                      
    Agreement Between Futuremind and SJM, the grant of                        
    the Warrants to Sure Expert, and the change of the                        
    Company's name (the "Circular") has to be despatched                      
    to the Shareholders within 21 days after the                              
    publication of the Announcement, which is on or before                    
    5 January 2005 and subsequently extended to a date                        
    falling on or before 8 February 2005. As additional                       
    time is required to collate and compile information                       
    for disclosure in the Circular, the despatch of the                       
    Circular to the Shareholders has to be further                            
    postponed and the Company has applied to the Stock                        
    Exchange for another waiver from the strict                               
    compliance with Rule 14.38 of the Listing Rules by                        
    extending the despatch date of the Circular to a date                     
    falling on or before 22 February 2005.                                    
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr Cheung Yu Shum, Jenkin, Mr Chu Yuk                       
    Kuen, Mr Wong Kui Tak and Mr Ng Tak Chak, Nelson, and                     
    the independent non-executive Directors are Mr Shum                       
    Ka Hei, Mr Chan Chi Yuen and Mr Wong King Shiu, Daniel.                   
                                                                              
    By Order of the board                                                     
    Medtech Group Company Limited                                             
    Cheung Yu Shum, Jenkin                                                    
    Chairman                                                                  
                                                                              
    Hong Kong, 8 February 2005