09:21     GDC<08271> - Announcement (2)                                       

                                                                              
    GDC Shareholders intending to accept the Offers should                    
    submit their completed Pink Forms of Acceptance,                          
    together with the relevant share certificate(s)                           
    and/or transfer receipt(s) and/or other document(s)                       
    of title, to Standard Registrars Limited at G/F, Bank                     
    of East Asia Harbour View Centre, 56 Gloucester Road,                     
    Hong Kong, in an envelope marked "Share Exchange                          
    Offer", by no later than Tuesday, 1 March 2005.                           
                                                                              
    If the GDC Shares have been lodged with a licensed                        
    securities dealer/custodian bank through CCASS, GDC                       
    Shareholders who wish to accept the Offers should                         
    instruct their respective licensed securities                             
    dealer/custodian bank to authorize HKSCC Nominees                         
    Limited to accept the Offers on their behalf on or                        
    before the deadline set out by HKSCC Nominees Limited,                    
    in this case, Monday, 28 February 2005.                                   
                                                                              
    Separately, the board of directors of GDC had noted                       
    the increase in the price of 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 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 GDC and SCG dated 19 November                   
    2004.                                                                     
                                                                              
    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).