09:03 WORLDMETAL<08161> - Announcement (1) The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this announcement. WorldMetal Holdings Limited (Incorporated in Bermuda with limited liability) (Stock code: 8161) PLACING OF NEW SHARES Financial Advisers to the Company SOMERLEY LIMITED The Board announces that the Company had on 7 March 2005 entered into the Placing Agreements with the Placees, pursuant to which the Company agreed conditionally to issue and allot an aggregate of 200,000,000 Placing Shares to the Placees at a price of HK$0.026 per Placing Share. Completion of the Placing is conditional upon the GEM Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Placing Shares. The Placing Shares represent 20% of the Company's existing issued share capital and approximately 16.67% of the Company's issued share capital as enlarged by the Placing Shares. Each of the Placees and their respective beneficial owner is not a connected person (as defined in the GEM Listing Rules) and is independent of and not connected with the Directors, substantial shareholders, management shareholders and chief executives of the Company or any of its subsidiaries, or any of their respective associates (as defined in the GEM Listing Rules). The net proceeds from the Placing are estimated to be about HK$5.1 million, which will be used as the Group's general working capital. By Order of the Board WorldMetal Holdings Limited Ng Lai Ping, Grace Company Secretary Hong Kong, 7 March 2005 As at the date of this announcement, the Board comprises Ms. Lau Ting, Mr. Yu Wing Keung, Dicky, Mr. Chen Aizheng and Mr. Ng Man Fai, Matthew as executive Directors and Mr. King Roger, Mr. Huang Shenglan and Mr. Li Xiaojun as independent non-executive Directors. This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and is not misleading; there are no other matters the omission of which would make any statement in this announcement misleading; and all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. The above announcement is a summary only. For the full version of this announcement, please refer to the "Latest Company Announcements" page on the GEM website of www.hkgem.com. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GLOBAL DIGITAL CREATIONS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 8271) CHANGE OF AUDITORS The Board announces that PwC resigned as auditors of the Company with effect from 4 March 2005. The Board accepted PwC's resignation and resolved to appoint DTT as auditors of the Company to fill the casual vacancy following the resignation of PwC. By Order of the Board Global Digital Creations Holdings Limited Lam Hin Chi Company Secretary Hong Kong, 7 March 2005 This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and is not misleading; there are no other matters the omission of which would make any statement in this announcement misleading; and all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. The above announcement is a summary only. For the full version of this announcement, please refer to the "Latest Company Announcements" page on the GEM website of http://www.hkgem.com.