09:35     RADFORD CAPITAL<00901> - Announcement & Resumption (8)              

    Subscription was completed on 3 March 2005 and the Company has already    
    received the net proceeds of HK$16.25 million from the Subscription. The  
     net proceeds of approximately HK$46.7 million raised by the Company      
    from the Open Offer, the Subscription and the Placings have been used     
    for investment purposes, repayment of non-bank borrowing and as           
    additional general working capital of the Group, which is in line with    
    the intended use of proceeds as disclosed in the relevant announcements   
    of the Company.                                                           
                                                                              
    The net proceeds from the Rights Issue is expected to be approximately    
    HK$29 million, which will be used by the Company for investment purposes  
     pursuant to the investment objectives adopted by the Company. As at the  
     date of this announcement, the Company has not identified any specific   
    investment opportunities.                                                 
                                                                              
    TIMETABLE OF THE CAPITAL REORGANISATION AND THE RIGHTS ISSUE              
                                                                              
    As announced by the Company on 16 February 2005, the Company proposed to  
     effect the Capital Reorganisation with the revised terms as set out in   
    this announcement. The Rights Issue is conditional upon, among others,    
    the Capital Reorganisation becoming effective. The expected timetable     
    for the Capital Reorganisation and the Rights Issue is set out below:     
                                                                              
    Despatch of Circular with notice of the EGM   1 April 2005                
                                                                              
    Latest time for return of proxy form for                                  
      the EGM   9:00 a.m. on 23 April 2005                                    
                                                                              
    EGM   9:00 a.m. on 25 April 2005                                          
                                                                              
    Expected date on which the Capital Reorganisation                         
      becomes effective (Hong Kong time)   4:00 p.m. on 1 August 2005         
                                                                              
    Free exchange of existing Share certificates for                          
      New Share certificates commences   2 August 2005                        
                                                                              
    Existing counter for trading in existing Shares in                        
      board lot of 20,000 Shares closes   9:30 a.m. on 2 August 2005          
                                                                              
    Temporary counter for trading in New Shares in                            
      board lot of 2,000 New Shares opens   9:30 a.m. on 2 August 2005        
                                                                              
    Last day of dealings in New Shares on                                     
      a cum-rights basis   2 August  2005                                     
                                                                              
    First day of dealings in New Shares on                                    
      an ex-rights basis   3 August 2005                                      
                                                                              
    Latest time for lodging transfers of Shares in                            
      order to qualify for the Rights Issue   4:00 p.m. on 4 August 2005      
                                                                              
    Book closure period   5 August 2005 to 9 August 2005                      
       (both days inclusive)                                                  
                                                                              
    Record Date    9 August 2005                                              
                                                                              
    Register of members reopens    10 August 2005                             
                                                                              
    Prospectus Documents expected to be                                       
      despatched on   10 August 2005                                          
                                                                              
    First day of dealings in nil-paid Rights Shares   12 August 2005          
                                                                              
    Latest time for splitting nil-paid Rights Shares   4:00 p.m. on 16        
    August 2005                                                               
                                                                              
    Last day of dealings in nil-paid Rights Shares   19 August 2005           
                                                                              
    Existing counter for trading in New Shares in                             
      board lot of 20,000 New Shares opens   9:30 a.m. on 16 August           
                                                                              
    Parallel trading in the New Shares and                                    
      existing Shares commences   9:30 a.m. on 16 August                      
                                                                              
    Latest time for acceptance of and payment for                             
      Rights Shares    4:00 p.m. on 24 August 2005                            
                                                                              
    Rights Issue expected to become unconditional on                          
      or before   4:00 p.m. on 26 August 2005                                 
                                                                              
    Announcement of results   29 August 2005                                  
                                                                              
    Refund cheques in respect of wholly or partially                          
      unsuccessful applications for excess Rights Shares                      
      expected to be despatched on or before   30 August 2005