09:17     GOLDBOND GROUP<00172> - Announcement (3)                            

    "Director(s)"  the director(s) of the Company                             
                                                                              
    "Disposal"  the sale of the Securities by the Vendor to the Purchaser     
    pursuant to the Sale and Purchase Agreement                               
                                                                              
    "Gobi Fund"  Gobi Fund, Inc., a company incorporated under the laws of    
    the Cayman Islands on 27 August 2002                                      
                                                                              
    "Group"  the Company and its subsidiaries                                 
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "Hong Kong"  The Hong Kong Special Administrative Region of the PRC       
                                                                              
    "Listing Rules"  The Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "Manager"  Gobi Partners, Inc., a company incorporated in the British     
    Virgin Islands on 18 January 2002, which is owned by independent third    
    parties                                                                   
                                                                              
    "PRC"  The People's Republic of China                                     
                                                                              
    "Purchaser"  FDC Special Situations Limited, a company incorporated in    
    the British Virgin Islands                                                
                                                                              
    "Sale and Purchase  a sale and purchase agreement duly executed by and    
    among the Vendor,   Agreement"  the Purchaser, Gobi Fund and the          
    Manager on 28 February 2005, pursuant to which the Vendor has agreed to   
    sell the Securities to the Purchaser                                      
                                                                              
    "Securities"  12 units of Gobi Fund, with each unit comprising one        
    ordinary share of US$1.00 each and 100 redeemable preference shares of    
    US$0.01 each                                                              
                                                                              
    "Shareholder(s)"  holder(s) of the ordinary shares of HK$0.10 each in     
    the share capital of the Company                                          
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "Subscription Agreement"  the subscription agreement entered into         
    between the Vendor, Gobi Fund and the Manager in respect of the           
    subscription of the Securities on 11 December 2003                        
                                                                              
    "US"  the United States of America                                        
                                                                              
    "US$"  US dollars, the lawful currency of the US                          
                                                                              
    "Vendor"  Dragon Express Investments Limited, a company incorporated in   
    the British Virgin Islands with limited liability                         
                                                                              
    "Vendor's Contributed   such amount as the Vendor may have paid to Gobi   
    Fund for the period   Capital Commitment"  from the date of the Sale      
    and Purchase Agreement to 30 December 2005 (or the date at which the 6    
    units of the Securities have been transferred to the Purchaser pursuant   
    to the Sale and Purchase Agreement) inclusive in meeting calls on its     
    capital commitment in relation to the remaining 6 units of the            
    Securities                                                                
                                                                              
    By order of the Board                                                     
    Goldbond Group Holdings Limited                                           
    Wong Yu Lung, Charles                                                     
    Chief Executive Officer                                                   
                                                                              
    Hong Kong, 2 March 2005                                                   
                                                                              
    Translation of US dollars into Hong Kong dollars is based on the          
    exchange rate of US$1.00 = HK$7.80.                                       
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    Wong Yu Lung, Charles, Mr. Ko Po Ming, Ms. Loh Jiah Yee, Katherine, Mr.   
    Lan Ning and Mr. Kee Wah Sze and the independent non-executive            
    Directors are Mr. Ip Yin Wah, Mr. Ma Ho Fai, Mr. Shiraki Melvin Jitsumi   
    and Mr. Zhang Xiao Shu.