09:02     SHOUGANG GRAND<00730> - Announcement (4)                            

    The board of directors of GDC had noted the increase in the               
    price of the GDC Shares on 14 February 2005, and wishes to                
    state that it is not aware of any reasons for such increase               
    in the price of the GDC Shares, except for the matters as                 
    contained in this announcement and the undergoing major                   
    transaction of SCG which involves, among others, a                        
    voluntary conditional share exchange offer by DBS Asia                    
    Capital Limited on behalf of a wholly owned subsidiary of                 
    SCG to acquire all the issued GDC Shares as disclosed in                  
    the joint announcement of the GDC and SCG dated 19 November               
    2004.                                                                     
                                                                              
    The board of directors of GDC also confirms that there are                
    no negotiations or agreements relating to intended                        
    acquisitions or realisations which are discloseable under                 
    Chapters 19 to 20 of the GEM Listing Rules and, apart from                
    the above paragraphs, neither is the board of directors of                
    GDC aware of any matter discloseable under the general                    
    obligation imposed by Rule 17.10 of the GEM Listing Rules,                
    which is or may be of a price-sensitive nature.                           
                                                                              
    By Order of the Board                                                     
    Shougang Concord Grand (Group) Limited                                    
    Cao Zhong                                                                 
    Vice Chairman                                                             
                                                                              
    By Order of the Board                                                     
    Global Digital Creations Holdings Limited                                 
    Dr. Deng Wei                                                              
    Vice Chairman                                                             
                                                                              
    Hong Kong, 14 February 2005                                               
                                                                              
    The directors of SCG and the Offeror jointly and severally                
    accept full responsibility for the accuracy of the                        
    information (other than that in respect of the GDC Group)                 
    in this announcement and confirm, having made all                         
    reasonable enquiries, that to the best of their knowledge,                
    opinions expressed in this announcement have been arrived                 
    at after due and careful consideration and there are no                   
    other facts not contained in this announcement the omission               
    of which would make any statement in this announcement                    
    misleading.                                                               
                                                                              
    The directors of GDC jointly and severally accept full                    
    responsibility for the accuracy of the information (other                 
    than that in respect of the SCG Group and the Offeror) in                 
    this announcement and confirm, having made all reasonable                 
    enquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement have been arrived at after                 
    due and careful consideration and there are no other facts                
    not contained in this announcement the omission of which                  
    would make any statement in this announcement misleading.                 
                                                                              
    As at the date of this announcement, the board of directors               
    of SCG comprises Wang Qinghai (Chairman), Cao Zhong (Vice                 
    Chairman), Chen Zheng (Executive Director), Wang Tian                     
    (Executive Director), Cheng Xiaoyu (Executive Director),                  
    Leung Shun Sang, Tony (Non-executive Director), Choy Hok                  
    Man, Constance (Non-executive Director), Tam King Ching,                  
    Kenny (Independent Non-executive Director), Hui Hung                      
    Stephen (Independent Non-executive Director) and Zhou                     
    Jianhong (Independent Non-executive Director).                            
                                                                              
    As at the date of this announcement, the board of directors               
    of GDC comprises Mr. Anthony Francis Neoh (Chairman and                   
    non-executive Director); Dr. David Deng Wei (Vice-chairman                
    and non-executive Director); Mr. Raymond Dennis Neoh                      
    (executive Director); Mr. Stephen Scharf (non-executive                   
    Director); Mr. Gordon Kwong Che Keung, Professor Japhet                   
    Sebastian Law and Mr. Paul Kwan (independent non-executive                
    Directors).                                                               
                                                                              
    This announcement will remain on the GEM website at                       
    www.hkgem.com for at least 7 days from the day of its posting             
    and at GDC's website www.gdc-world.com.