10:11 CH CONSERVATION<00290> - Announcement & Resumption (4) Shareholding immediately Existing after the Name of Shareholders shareholding Per cent. Placing Per cent. (Shares) (%) (Shares) (%) Highworth Venture Limited (Note 1) 54,900,000 14.20% 54,900,000 11.83% Mr. Chen Jun Nong (Note 2) 120,000 0.03% 120,000 0.03% Mr. Tsoi Wai Kwong (Note 3) 174,000 0.04% 174,000 0.04% Public Shareholders - the Placees - - 77,344,000 16.67% - other public Shareholders 331,532,000 85.73% 331,532,000 71.43% ----------------------------------------------------------- Total 386,726,000 100.00% 464,070,000 100.00% =========================================================== Note: 1. Highworth Venture Limited is a company beneficially owned by Mr. Hon Ming Kong, an executive Director of the Company. 2. Mr. Chen Jun Nong is an executive Director. 3. Mr. Tsoi Wai Kwong is an independent non-executive Director. Application for Listing Application will be made by the Company to the Stock Exchange for the grant of the listing of, and permission to deal in, the Placing Shares. General The Group is principally engaged in electrical engineering contracting business, trading in electrical equipment and material, internet travel booking services, investment holding, securities brokerage and finance business, company secretarial services and sea freight forwarding services. The Directors consider the terms of the Placing Agreement to be fair and reasonable and in the interests of the Company and the Shareholders as a whole. In addition, given the existing favourable market conditions in Hong Kong and the general economic environment, the Directors also consider that the timing of the Placing is appropriate and is also in the interests of the Company and its Shareholders as a whole. The following table summaries the capital raising activities of the Group for the 12 months immediately before the date of this announcement: Actual use of net proceeds as at the Date of Intended use of date of this announcement Event Net proceeds net proceeds announcement 5 November 2004 Placing of HK$14.4 million General working HK$1 million has 64,454,000 new capital been used for Shares at a price of operating expenses HK$0.23 per Share and the remaining balance has been used as general working capital for Group's finance business Suspension and Resumption of Trading At the request of the Company, trading in the Shares on the Stock Exchange was suspended with effect from 9:30 a.m. on Tuesday, 22 March 2005 pending the release of this announcement. Application has been made by the Company for the resumption of trading in the Shares on the Stock Exchange with effect from 9:30 a.m. on Wednesday, 23 March 2005. Terms and Definitions "Board" the board of Directors