09:48     CHAMPION TECH<00092> - 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.                                                     
                                                                              
                                                                              
            CHAMPION TECHNOLOGY HOLDINGS LIMITED                              
            (Continued in Bermuda with limited liability)                     
            (the "Company")                                                   
            (Stock Code: 92)                                                  
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    232,182,661 units of New Warrants will be issued under                    
    the Bonus Issue which will be exercisable during the                      
    period from the date of issue on 17 February 2005 until                   
    16 February 2006.                                                         
                                                                              
    Reference is made to the circular of the Company dated                    
    10 November 2004 (the "Circular") in relation to the                      
    proposed bonus issue of new warrants. Capitalised                         
    terms used herein shall have the same meanings as                         
    defined in the Circular.                                                  
                                                                              
    As mentioned in the Circular, the number of shares                        
    of the Company issuable on exercise of all the                            
    subscription rights under the New Warrants will be                        
    equal to 20% of the issued share capital of the Company                   
    on 8 February 2005, less the number of Shares issuable                    
    under the outstanding CSFB Subscription Rights on 8                       
    February 2005. As at 8 February 2005, the Company has                     
    1,215,070,408 issued Shares and 10,831,420 Shares are                     
    issuable under the outstanding CSFB Subscription                          
    Rights. Accordingly, subject to the Listing Committee                     
    of the Stock Exchange granting listings of and                            
    permission to deal in the New Warrants and the Shares                     
    that fall to be issued on the exercise of the                             
    subscription rights thereunder, 232,182,661 units of                      
    New Warrants will be issued on 17 February 2005 under                     
    the Bonus Issue on the basis of approximately 1 unit                      
    of New Warrant for every 5.16137 shares of the Company                    
    held by the shareholders of the Company on the                            
    register of members on 26 November 2004 on terms and                      
    conditions as set out in the Circular. The New                            
    Warrants will be exercisable from 17 February 2005                        
    until 16 February 2006. No shareholder shall be                           
    entitled to be issued any fraction of a New Warrant.                      
    Fractional entitlements to New Warrants will not be                       
    issued but will be aggregated and the resulting New                       
    Warrants sold for the benefit of the Company as soon                      
    as practicable after dealings of New Warrants on the                      
    Stock Exchange commence.                                                  
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    Paul KAN Man Lok                                                          
    Chairman                                                                  
                                                                              
    Hong Kong, 8 February 2005                                                
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr Paul Kan Man Lok, Mr                      
    Leo Kan Kin Leung and Mr Lai Yat Kwong; the                               
    non-executive director is Ms Shirley Ha Suk Ling; and                     
    the independent non-executive directors are Mr Terry                      
    John Miller, Mr Francis Gilbert Knight, Professor                         
    Liang Xiong Jian, Professor Ye Pei Da and Mr Frank                        
    Bleackley.