09:16     E2-CAPITAL<00378> - 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 howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    E2-Capital (Holdings) Limited                                             
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 378)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    Reference is made to the announcement dated 31 January,                   
    2005 issued by the Company in relation to a                               
    discloseable transaction regarding the disposal of                        
    the Sale Shares, being all the remaining shares then                      
    held by Goodwill, which is a wholly-owned subsidiary                      
    of the Company, in Westcomb, through its broker via                       
    Singapore Exchange to an independent third party at                       
    a consideration of S$7,031,499.75 (equivalent to                          
    approximately HK$33,399,624) ("Announcement").                            
                                                                              
    The Company intends to issue a circular containing                        
    further information relating to the 2nd Disposal                          
    ("Circular"). The Company has applied to the Stock                        
    Exchange for a waiver from strict compliance with Rule                    
    14.38 of the Listing Rules as to allow additional time                    
    to prepare certain information to the Stock Exchange                      
    upon its request and an announcement is made on 21                        
    February, 2005 to extend the time for the despatch                        
    of the Circular as soon as clearance is obtained from                     
    the Stock Exchange and in any event, no later than                        
    8 March, 2005.                                                            
                                                                              
    The Company wishes to announce that the despatch of                       
    the Circular will be further postponed as the Company                     
    requires additional time to provide certain                               
    information to the Stock Exchange upon its request                        
    clarifying the background of the negotiation of the                       
    2nd Disposal. It is expected that the Circular will                       
    be despatched to the shareholders of the Company as                       
    soon as clearance is obtained from the Stock Exchange                     
    and in any event, no later than 31 March, 2005. Further                   
    announcement will be made by the Company to clarify                       
    the information stated in the Announcement.                               
                                                                              
    Reference is made to the announcement dated 31 January,                   
    2005 issued by the Company in relation to a                               
    discloseable transaction regarding the disposal of                        
    the Sale Shares, being all the remaining shares then                      
    held by Goodwill, which is a wholly-owned subsidiary                      
    of the Company, in Westcomb, through its broker via                       
    Singapore Exchange to an independent third party at                       
    a consideration of S$7,031,499.75 (equivalent to                          
    approximately HK$33,399,624) ("Announcement").                            
    Unless the context defined otherwise, terms used                          
    herein shall bear the same respective meaning as those                    
    defined in the Announcement.                                              
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
    The Company intends to issue a Circular containing                        
    further information relating to the 2nd Disposal.                         
                                                                              
    In accordance with Rule 14.38 of the Listing Rules,                       
    the Circular relating to the discloseable transaction                     
    ("Circular") has to be despatched to the shareholders                     
    of the Company by no later than 22 February, 2005,                        
    being 21 days after the date of publication of the                        
    Announcement.