09:55     MINGWAH HI TECH<08301> - Announcement                               

    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 pat of the contents of this                
    announcement.                                                             
                                                                              
    Shenzhen Mingwah Aohan High Technology Corporation Limited*               
    (a joint stock limited company incorporated in the People's               
    Republic of China)                                                        
                                                                              
    (Stock code: 8301)                                                        
                                                                              
    CLARIFICATION ANNOUNCEMENT                                                
                                                                              
    The board of directors (the ``Board'') of the Company noted four          
    clerical mistakes in the results announcement (Summary) (the              
    ``Results Announcement'') dated 21 March 2005.                            
                                                                              
    The Company would like to clarify that the figures for the profit         
    after taxation and minority interest and profit after ETD items           
    for the two years ended 31 December 2004 and 31 December 2003 are         
    RMB12,249,000 and RMB11,515,000 respectively as stated in the             
    Results Announcement should be RMB11,614,000 and RMB10,514,000            
    respectively.                                                             
                                                                              
    Save and except for the above, the contents of the Results                
    Announcement are accurate. The revised results announcement               
    (Summary) incorporating the above amendments has been posted on           
    the GEM website.                                                          
                                                                              
    The Company very much regrets the mistakes caused by an                   
    administrative oversight and will take steps to ensure that the           
    information to be announced will be further reviewed and cross            
    checked by the responsible officials and so that any similar              
    incidents will not occur in future.                                       
                                                                              
    By Order of the Board                                                     
    Shenzhen Mingwah Aohan High Technology Corporation Limited*               
    Li Qi Ming                                                                
    Chairman                                                                  
                                                                              
    Shenzhen, the PRC, 22 March 2005                                          
                                                                              
    As at the date hereof, the executive directors of the Company are         
    Mr. Li Qi Ming, Mr. Zhu Qing Feng, Mr. Guo Bao An, Mr. Zheng Wen,         
    Mr. Wang Zheng Guo and Mr. Li Guang Ming; the independent                 
    non-executive directors of the Company are Mr. Gao Xiang Nong,            
    Mr. Li Quan Sheng and Mr. Zhang Yu Chuan.                                 
                                                                              
    This announcement, for which the directors of the Company                 
    collectively and individually accept full responsibility,                 
    includes particulars given in compliance with the Rules Governing         
    the Listing of Securities on the GEM of the Stock Exchange of Hong        
    Kong Limited for the purpose of giving information with regard            
    to the Company. The directors, having made all reasonable                 
    enquiries, confirm that, to the best of their knowledge and belief:       
    (1) the information contained in this announcement is accurate            
    and complete in all material aspects and not misleading; (2) there        
    are no other matters the omission of which would make any                 
    statement in this announcement misleading; and (3) all opinions           
    expressed in this announcement have been arrived at after due and         
    careful consideration and are founded on bases and assumptions            
    that are fair and reasonable.                                             
                                                                              
    This announcement will remain on the GEM website at www.hkgem.com         
    on the ``Latest Company Announcement'' page, for at least 7 days          
    from the date of its positing.                                            
                                                                              
    * For identification purpose only