10:17     HI SUN GROUP<00818> - Announcement (11)                             

    An Option may be exercised in whole or in part (in                        
    the number or integral multiples of 50,000 Turbo Speed                    
    Shares) in accordance with the terms of the Employee                      
    Incentive Scheme at any time during the option period                     
    as specified by the Committee, the last day of such                       
    period shall not fall after 31 December 2008 (the                         
    "Option Period")                                                          
                                                                              
    Purchase price  :       HK$1.922 per Scheme Share, which                  
    is subject to adjustments on consolidation and/or                         
    subdivision of Turbo Speed Shares                                         
                                                                              
    Lapse of Option :       An Option shall lapse                             
    automatically and not be exercisable (to the extent                       
    not already exercised), among other things, on the                        
    earliest of:                                                              
                                                                              
    1.      the expiry of the Option Period;                                  
                                                                              
    2.      the expiry of the 12 months period following the                  
    death of a Selected Employee;                                             
                                                                              
    3.      the expiry of the offer period in the event of a                  
    general offer by way of takeover or otherwise (other                      
    than by way of scheme of arrangement) made to all                         
    holders of Turbo Speed Shares provided that if any                        
    court of competent jurisdiction makes an order the                        
    effect of which is to prohibit the offeror from                           
    acquiring the remaining Turbo Speed Shares in the                         
    offer, the relevant period within which Options may                       
    be exercised shall not begin to run until the                             
    discharge of the order in question or unless the offer                    
    lapses or is withdrawn before that date;                                  
                                                                              
    4.      the date on which the Selected Employee ceases to                 
    be an Employee by reason of the termination of his                        
    employment or directorship for cause specified under                      
    the Employee Incentive Scheme;                                            
                                                                              
    5.      the date on which the Selected Employee ceases to                 
    be an Employee for any reason other than death or                         
    circumstances described in (4) above;                                     
                                                                              
    6.      the date on which any of company of the Turbo Speed               
    Group by which the Selected Employee is employed                          
    ceases to be subsidiary of the Company; and                               
                                                                              
    7.      10 Business Days before the date on which the                     
    pre-listing corporate reorganization of the Turbo                         
    Speed Group takes place for the purpose of a proposed                     
    listing of the Turbo Speed Group on the Stock Exchange                    
    or any overseas stock exchange (the "Listing") (Note                      
    3).                                                                       
                                                                              
    Restriction of disposal of :    1.      An Option shall be                
    personal to the Selected Employee and shall not be                        
      Option Shares         transferable or assignable,                       
    subject to his personal representative on death.                          
                                                                              
    2.      No Selected Employee may sell, transfer or                        
    otherwise dispose of (including creating                                  
    encumbrances over) more than 50% of Option Shares                         
    prior to the Listing, without the prior written                           
    consent of the Committee.                                                 
                                                                              
    3.      The Company shall have a right of first refusal                   
    over any Scheme Shares intended to be sold by a                           
    Selected Employee.                                                        
                                                                              
    Alteration of the Employee      :       Terms of the Employee             
    Incentive Scheme (except the number of Scheme Shares