09:47     MOBICON GROUP<01213> - Announcement & Resumption (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.                                                     
                                                                              
    MOBICON GROUP LIMITED                                                     
    *                                                                         
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 1213)                                                        
                                                                              
    HIGH CONCENTRATION OF SHAREHOLDING                                        
    RESTORATION OF PUBLIC FLOAT                                               
    RESUMPTION OF TRADING                                                     
                                                                              
    This announcement is made at the request of the Stock                     
    Exchange to provide information to the public in                          
    respect of the high concentration of the shareholding                     
    of the Company in the hands of a small number of                          
    Shareholders as at 14th December, 2004.                                   
                                                                              
    The Board has been informed by the Stock Exchange on                      
    2nd February, 2005 that, on the basis of the                              
    information provided by the Securities and Futures                        
    Commission to the Stock Exchange, as at 14th December,                    
    2004, a group of 12 investors held an aggregate of                        
    38,276,000 Shares, representing 19.14% of the                             
    Company's issued share capital. Their shareholding,                       
    together with the 75% held by the Controlling                             
    Shareholders and Directors, represented 94.14% of the                     
    Company's issued share capital as at 14th December,                       
    2004. This implies that only 5.86% of the Company's                       
    issued share capital was in the hands of Shareholders                     
    other than the Controlling Shareholders, the                              
    Directors and the 12 investors. It appears to the                         
    Securities and Futures Commission that the price of                       
    the Shares could easily be pushed up substantially                        
    with a small quantity of Shares traded.                                   
                                                                              
    Having made all reasonable enquiry with the Directors                     
    and the directors of the subsidiaries of the Company,                     
    it has come to the notice of the Board that the public                    
    float of the Company is now approximately 18.44% and                      
    is not sufficient for the purpose of maintaining the                      
    minimum public float of 25% required under Rule 8.08                      
    of the Listing Rules.                                                     
                                                                              
    As at the date hereof, Mr. Hung Ying Fung, being a                        
    Director, is interested in 30,000,000 Shares,                             
    representing 15% of the entire issued share capital                       
    of the Company whilst Mr. Cheung Chiu Hing, being a                       
    director of certain subsidiaries of the Company,                          
    together with his spouse, are interested in 8,752,000                     
    Shares, representing 4.36% of the entire issued share                     
    capital of the Company. Mr. Hung Ying Fung has agreed                     
    to dispose of 7,500,000 Shares to two investment funds                    
    whilst the spouse of Mr. Cheung Chiu Hing has agreed                      
    to dispose of 6,000,000 Shares to five individuals,                       
    all being parties not connected with and independent                      
    of the directors, chief executive and substantial                         
    shareholders of the Company and its subsidiaries and                      
    any of their respective associates so as to ensure                        
    that no less than 25% of the issued share capital of                      
    the Company will be in public hands as soon as                            
    reasonably practicable. The public float will be                          
    stepped up to approximately 25.19% immediately after                      
    the transfer of an aggregate of 13,500,000 Shares.                        
    The Board has been informed by the relevant parties                       
    that all necessary steps for the aforesaid transfer                       
    of Shares have been completed pending the physical                        
    transfer of share certificates for the 13,500,000