09:12     SHOUGANG GRAND<00730> - Announcement (3)                            

    Shareholders of SCG and GDC and investors should exercise                 
    caution when dealing in the SCG Shares and the GDC Shares.                
                                                                              
    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, 1 March 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 Dr. Anthony Francis Neoh and Mr. Cao Zhong                  
    (Joint chairmen and non-executive Director); Mr. Raymond                  
    Dennis Neoh (Vice-chairman and executive Directors); Dr. David            
    Deng Wei (Vice-chairman and non-executive Director); Mr.                  
    Chen Zheng (General manager and executive Director); Mr.                  
    Gordon Kwong Che Keung, Professor Japhet Sebastian Law and Mr.            
    Paul Kwan Yuen Chiu (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.