09:25     MEDTECH GROUP<01031> - Announcement (3)                             

    Centre, 56 Gloucester Road, Wanchai, Hong Kong, was                       
    appointed as the scrutineer in the First SGM for the                      
    purpose of vote-taking.                                                   
                                                                              
    (2)     FURTHER POSTPONEMENT OF DESPATCH OF CIRCULAR                      
    REGARDING (I) PROPOSED ACQUISITION OF THE ENTIRE                          
    INTEREST IN HANG HUO HOTEL COMPANY LIMITED; AND (II)                      
    PROPOSED DISPOSAL OF INTEREST IN AN ASSOCIATED                            
    COMPANY                                                                   
                                                                              
    In accordance with Rule 14.38 of the Listing Rules,                       
    a circular of the Company (the "Hang Huo Hotel                            
    Circular") containing, among other things, further                        
    details of (i) the acquisition of the entire interest                     
    in Hang Huo Hotel Company Limited (the "Hang Huo Hotel                    
    Acquisition"); (ii) the disposal of interest in                           
    Starway (the "Disposal"); and (iii) other disclosures                     
    in connection with the Hang Huo Hotel Acquisition and                     
    the Disposal pursuant to the Listing Rules in respect                     
    of the very substantial acquisition and the very                          
    substantial disposal together with the notice of                          
    special general meeting of the Company for                                
    considering and, if thought fit, for approving at the                     
    special general meeting of the Company, the Hang Huo                      
    Hotel Acquisition and the Disposal, has to be                             
    despatched to the Shareholders within 21 days after                       
    the publication of the Company's announcement dated                       
    19 January 2005, which should be on or before 10                          
    February 2005 and was subsequently extended to a date                     
    falling on or before 10 March 2005. Given that the                        
    audit on the subject assets under the Hang Huo Hotel                      
    Acquisition, where such assets are located in Macau,                      
    is expected to be completed in mid March 2005 and                         
    additional time is required to prepare, amongst other                     
    things, the pro forma financial information on the                        
    enlarged Group to be set out in the Hang Huo Hotel                        
    Circular, the despatch of the Hang Huo Hotel Circular                     
    to the Shareholders will be further postponed, and                        
    the Company has applied to the Stock Exchange for a                       
    waiver from the strict compliance with Rule 14.38 of                      
    the Listing Rules by extending the despatch date of                       
    the Hang Huo Hotel Circular to a date falling on or                       
    before 31 March 2005.                                                     
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr. Cheung Yu Shum, Jenkin, Mr. Chu Yuk                     
    Kuen, Mr. Wong Hin Shek, Hans, and Mr. Ng Tak Chak,                       
    Nelson, and the independent non-executive Directors                       
    are Mr. Shum Ka Hei, Mr. Chan Chi Yuen and Mr. Wong                       
    King Shiu, Daniel.                                                        
                                                                              
    By Order of the Board                                                     
    Medtech Group Company Limited                                             
    Wong Hin Shek, Hans                                                       
    Executive Director                                                        
                                                                              
    Hong Kong, 10 March 2005