09:00     CHENGDUTOP TECH<08135> - Announcement                               

                                                                              
    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') 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.                                                        
                                                                              
    This announcement, for which the directors of Chengdu Top Sci-Tech        
    Company Limited 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 (the `GEM Listing Rules') for the            
    purpose of giving information with regard to Chengdu Top Sci-Tech         
    Company Limited. The directors, having made all reasonable enquiries,     
    confirm that, to the best of their knowledge and belief: (1) the          
    information contained in this announcement is accurate and complete       
    in all material respects and not misleading; (2) there are no other       
    matters the omission of which would make any statement in this            
    announcement misleading; and (3) 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.                                                               
                                                                              
                                                                              
    Chengdu Top Sci-Tech Company Limited*                                     
    (a joint stock limited company incorporated in the People's Republic      
    of China with limited liability)                                          
    (Stock Code: 8135)                                                        
                                                                              
    CHANGE OF AUDITORS AND ANTICIPATED DELAY IN                               
    ANNOUNCING THE RESULTS FOR YEAR 2004                                      
                                                                              
                                                                              
    Messrs. KLL Associates CPA Limited be proposed by the Board for           
    appointment as the auditors of the Company to carry out the audit on      
    the revised financial statements of the Group for year 2003 in            
    continuance of the retired auditors of the Company, Messrs.               
    PricewaterhouseCoopers, Certified Public Accountants, which would not     
    participate into the Re-audit; and to carry out the audit on the          
    financial statements of the Group for year 2004 and to hold office        
    until the conclusion of the next annual general meeting of the            
    Company in place of Messrs. RSM Nelson Wheeler, Certified Public          
    Accountants, which do not accept the appointment as the auditors of       
    the Company as they could not reach an agreement with the Board           
    regarding the auditors' remuneration in respect of the financial          
    statements for year 2004.                                                 
                                                                              
    The appointment of Messrs. KLL Associates CPA Limited as the              
    auditors of the Company is subject to the approval by the                 
    shareholders of the Company at an extraordinary general meeting to be     
    held pursuant to the articles of association of the Company.              
                                                                              
    The Company anticipates that the change of auditors will cause delay      
    in announcing the Group's results for year 2004.                          
                                                                              
    At the request of the Company, the trading of the Company's H shares      
    has been suspended since 2:30 p.m. on 19 April 2004, pending release      
    of an announcement in relation to price sensitive information.            
    Trading of the Company's H shares continues to be suspended pending       
    the release of further announcement relating to the financial             
    assistance transactions.                                                  
                                                                              
                                                                              
    By order of the Board                                                     
    Chen Bao Yu                                                               
    Chairman                                                                  
                                                                              
    Chengdu, the PRC,                                                         
    10 March 2005                                                             
                                                                              
    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 at www.hkgem.com.                                 
                                                                              
     * For identification purpose only