09:16     NEW SMART<00091> - Announcement                                     

    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.                                
                                                                              
    NEW SMART HOLDINGS LIMITED                                                
    (Incorporated in Hong Kong with limited liability)                        
    (Stock Code: 00091)                                                       
                                                                              
    DELAY IN THE DESPATCH OF CIRCULAR                                         
    PROPOSED MAJOR AND                                                        
    CONNECTED TRANSACTION                                                     
                                                                              
    Financial adviser to the Company                                          
    CENTURION CORPORATE FINANCE LIMITED                                       
                                                                              
    The Company has made an application to the Stock Exchange for             
    an extension of time limit for the despatch of the circular               
    to 23 March 2005.                                                         
                                                                              
    Reference is made to the Company's announcement dated 15                  
    February 2005 ("Announcement") and terms used herein shall                
    have the same meanings as those defined in the Announcement               
    unless the context otherwise requires.                                    
                                                                              
    As set out in the Announcement, pursuant to rules 14.38 and               
    14A.49 of the Listing Rules, a circular containing further                
    information on the Acquisition and a notice of the EGM were               
    required to be despatched to Shareholders within 21 days                  
    after publication of the Announcement. As the Company and its             
    auditors require more time to conduct the necessary audit and             
    due diligence on the Fernleign Group, an application has been             
    made by the Company to the Stock Exchange to extend the time              
    limit for despatch of the circular from 9 March 2005 to 23                
    March 2005.                                                               
                                                                              
    By Order of the Board                                                     
    New Smart Holdings Limited                                                
    Leung Wai Kwan                                                            
    Executive Director                                                        
                                                                              
    Hong Kong, 8 March 2005                                                   
                                                                              
    As at the date of this announcement, the Executive Directors              
    of the Company are Mr Tong Nai Kan, Mr Leung Wai Kwan and                 
    Miss Chow Sim Chu, Shirley, the Non-executive Director is Mr.             
    Ko Ming Tung, Edward and the Independent Non-executive                    
    Directors are Mr Tang Tin Sek, Yuen Lok Hang, Brian and Ms.               
    Kwok Wai Ming, Ingrid.