09:51 MACROLINK INT'L<00472>-Announcement&Resumption of Trading-9 Based on the calculation of the "five-tests" set out in Rule 14.07 of the Listing Rules, the percentage ratio of each of the total assets test, the gross profit test and the revenue test in respect of the Acquisitions calculated together exceeds 25% but is less than 100%. Therefore, the entering into of the Agreements constitutes major and connected transactions of the Company under Rule 14.06(3) of the Listing Rules and is subject to the approval of the Independent Shareholders on which voting is taken by poll. Macro-Link International and its associates will abstain from voting on the resolutions to approve the Acquisitions at the SGM. Fu Kwan, Wu Xiang Dong, Chan Yeuk, Wang Xiao Ming, Xiong Yong Ping, Peng De Hua, Hou Jia Xin, Han Long, Shu Shi Ping, the four individual shareholders of Macro-Link Holdings who are Independent Third Parties, the five individual shareholders of the Malaysia Vendor who are Independent Third Parties and their respective associates, if to the extent that they hold Shares will also abstain from voting on the resolutions to approve the Acquisitions at the SGM. An Independent Board Committee of the Company will be established to consider the Acquisitions and to advise the Independent Shareholders. An independent financial adviser will be appointed to advise the Independent Board Committee of the Company and the Independent Shareholders regarding the Acquisitions. A circular containing, among other things, (i) a notice convening the SGM for approving the Acquisitions, (ii) further details relating to the Acquisitions (iii) a letter from the Independent Board Committee of the Company to the Independent Shareholders in relation to the Acquisitions, and (iv) a letter from an independent financial adviser to be appointed to advise the Independent Board Committee of the Company and the Independent Shareholders on the Acquisitions will be dispatched to the Shareholders as soon as practicable. RESUMPTION OF TRADING At the request of the Company, trading in the Shares on the Stock Exchange was suspended from 9:30 a.m. on 31st December, 2004, pending the issue of this announcement. An application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange from 9:30 a.m. on 24th February, 2005. GENERAL As at the date of this announcement, the Executive Directors are Fu Kwan, Wu Xiang Dong, Shu Shi Ping, Chan Yeuk, Zhang Jian; the non-executive Director is Hung Kin Sang, Raymond and the independent non-executive Directors are Cao Kuangyu, E Meng, Ting Leung Huel, Stephen. DEFINITIONS In this announcement, unless the context requires otherwise, the following terms have the meanings as set out below: "Agreements" the First Sale and Purchase Agreement and the Second Sale and Purchase Agreement; "Acquisitions" the First Acquisition and the Second Acquisition; "Beijing Vendor" * a company established under the laws of the PRC, which is owned as to 90% by Macro-Link Holdings and as to 10% by Hai Da Company; "Beijing Vendor Disposal Agreement" the agreement to be entered into amongst Macro-Link Holdings, Hai Da Company and Han Long (or its nominee) in relation to the disposal of an aggregate of 80% equity interest in the Beijing Vendor to Han Long (or its nominee); "Beijing Vendor Group" the Beijing Vendor and its subsidiaries; "Board" the board of Directors; "Business Day" any day other than a Saturday or Sunday on which banks in Hong Kong are open for business; "Company" MACRO-LINK International Holdings Limited, a company incorporated in Bermuda and the shares of which are listed on the Stock Exchange; "Directors" the directors of the Company;