09:49     MOBICON GROUP<01213> - Announcement & Resumption (7)                

    recently, the Company has inadvertently breached the                      
    public float requirement under Rules 8.08 and 13.32(1)                    
    of the Listing Rules since the date of first                              
    appointment of Mr. Cheung Chiu Hing as director of                        
    Mobicon-Remote Electronic Sdn Bhn on 5th July, 2001.                      
    The Stock Exchange has stated that it reserves its                        
    right to take disciplinary action against the Company                     
    and the Directors for such non-compliance.                                
                                                                              
    In order to ensure that the Company will comply with                      
    the minimum public float requirement from time to time                    
    in future, the Board will, as an internal policy,                         
    issue written notification to each and every existing                     
    Director and director of the subsidiaries of the                          
    Company to enquire about the shareholding held by                         
    him/her and his/her associates in the Company on a                        
    monthly basis. The Board will also send written                           
    notification to each and every newly appointed                            
    Director and director of the subsidiaries to enquire                      
    about the shareholding held by him/her and his/her                        
    associates in the Company immediately before his/her                      
    proposed appointment. The company secretary of the                        
    Company will be assigned to update and monitor the                        
    shareholding position held by each existing Director                      
    and director of the subsidiaries of the Company and                       
    his/her associates.                                                       
                                                                              
    The Company had adopted on 18th April, 2001 and is                        
    in compliance with its own Securities Dealing Code                        
    on terms no less exactly than the required standard                       
    set out in the Model Code under Appendix 10 of the                        
    Listing Rules. The Board will notify to each and every                    
    director of the subsidiaries of the Company that the                      
    relevant restrictions on dealings by a Director as                        
    contained in Securities Dealing Code shall be equally                     
    applicable to any dealings by a director of any                           
    subsidiary of the Company.                                                
                                                                              
    In view of the high concentration of Shares in the                        
    hands of a small number of Shareholders, the price                        
    of the Shares might be volatile even with a small                         
    number of Shares traded. Shareholders and investors                       
    of the Company are reminded to exercise extreme                           
    caution when dealing in the Shares.                                       
                                                                              
    At the request of the Company, trading in the Shares                      
    has been suspended with effect from 2:30 p.m. on 18th                     
    February, 2005 pending the release of this                                
    announcement. The Company has applied for resumption                      
    of trading in the Shares with effect from 9:30 a.m.                       
    on 21st March, 2005.                                                      
                                                                              
    As at the date of this announcement, the Board                            
    comprises Mr. Hung Kim Fung, Measure, Madam Yeung Man                     
    Yi, Beryl, Mr. Hung Ying Fung and Mr. Yeung Kwok Leung,                   
    Allix as executive directors and Mr. Charles E.                           
    Chapman, Dr. Leung Wai Cheung and Mr. Chow Shek Fai                       
    as independent non-executive directors.                                   
                                                                              
    DEFINITIONS                                                               
    "associate"     has the same meaning as ascribed in Rule                  
    1.01 of the Listing Rules                                                 
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "CCASS" the Central Clearing and Settlement System                        
    established and operated by Hong Kong Securities                          
    Clearing Company Limited                                                  
                                                                              
    "Company"       Mobicon Group Limited, a company                          
    incorporated in Bermuda with limited liability and                        
    the shares of which are listed on the Stock Exchange                      
                                                                              
    "Controlling Shareholders"      has the meaning                           
    ascribed to it in the Listing Rules