10:13     KAMBOAT<00318> - Announcement & Resumption (8)                      

    businesses into other high-growth consumer                                
    businesses. The Company is currently considering the                      
    possibility of expanding into other high-growth                           
    consumer businesses, and will discuss with Vongroup                       
    Holdings the suitability, timing and financing of any                     
    such expansion before making any commitment in this                       
    regard. However, there is no specific plan or target                      
    to which the Company is committed at present and no                       
    negotiation has taken place in this regard. Vongroup                      
    Holdings confirms that there is no plan in the future                     
    to inject any of its existing assets or businesses                        
    into the Group.                                                           
                                                                              
    The Directors believe that the Company will benefit                       
    from the Subscription, the corresponding increase in                      
    the cash position of the Company as a result of the                       
    Subscription, and the benefit from having Vongroup                        
    Holdings as the controlling shareholder of the                            
    Company. With respect to the benefit of having                            
    Vongroup Holdings as the controlling shareholder of                       
    the Company, please refer to the background details                       
    and experience on its beneficial owner, Mr. Vong Tat                      
    Ieong David, in managing companies listed on the Stock                    
    Exchange, as well as the details on Mr. Xu Siping,                        
    whom Vongroup Holdings propose to be appointed to join                    
    the Board of Directors of the Company, both of which                      
    are summarised below under "Proposed Change of Board                      
    Composition".                                                             
                                                                              
    5.      PROPOSED CHANGE OF BOARD COMPOSITION                              
    Upon Completion, it is expected that Mr. Wong Chi Man                     
    will remain as Director while the others will resign.                     
    Mr. Vong Tat Ieong David and Mr. Xu Siping will be                        
    nominated to join the Board of Directors. Three new                       
    Independent Non-Executive Directors will also be                          
    appointed upon Completion. As such, it is expected                        
    that the Board of Directors would comprise six                            
    Directors, including the three Independent                                
    Non-Executive Directors.                                                  
                                                                              
    Particulars of the proposed new Directors are set out                     
    below, and further details will be announced later                        
    when they are appointed as Directors:                                     
                                                                              
    Mr. Vong Tat Ieong David has acquired and run public                      
    companies, and made and advised on cross-border                           
    mergers and acquisitions, involving capital markets                       
    and private equity, for 18 years. He was formerly Vice                    
    Chairman of the Board of Directors of CITIC 21CN                          
    Company Limited, a company listed on the Stock                            
    Exchange, from 2003-2004. Before that, he was                             
    Director and Deputy Chief Executive of i100 Limited,                      
    a company listed on the Stock Exchange, since he                          
    co-founded the i100 Group in 2000 with an                                 
    international consortium whose key participants                           
    included management and leading institutional                             
    investors. Prior to that, he was Chief Executive at                       
    Pollon Infrastructure Corporation, an infrastructure                      
    investment holding company focused on power and                           
    telecom assets in the PRC, since 1997. Mr. Vong is                        
    a graduate of Yale Law School and The London School                       
    of Economics and Political Science.                                       
                                                                              
    Mr. Xu Siping held a series of senior policy positions                    
    for 17 years at the PRC's State Economic and Trade                        
    Commission and the State Development Planning                             
    Commission (formerly the State Planning Commission),                      
    from 1983-2000, before retiring from public service                       
    in the central government. He is Chairman of Beijing                      
    Sinodata Technology Company Limited. Mr. Xu is a                          
    graduate of Dalian University of Technology.                              
                                                                              
    6.      PROPOSED CHANGE OF NAME                                           
    It is a condition of the Subscription that the name