09:48     VISION CENTURY<00535> - Announcement (2)                            

    (xi)   the signature to any notice or documents to be given by the        
    Company may be written or printed or made electronically.                 
                                                                              
    In order to increase the flexibility of the Company in appointing         
    auditor, the Directors further propose to add new Bye-law to the effect   
    that any casual vacancy in the office of auditor may be filled by the     
    Directors and that the Directors may fix the remuneration of the auditor  
     so appointed.                                                            
                                                                              
    For the purpose of clarifying the numbers of directors to retire by       
    rotation at each annual general meeting of the Company, amendment has     
    also been made to provide that any Directors appointed from time to time  
     and at any time by the Board either to fill a casual vacancy or as an    
    addition to the Board shall hold office only until the next following     
    annual general meeting of the Company and shall then be eligible for      
    re-election, but shall not be taken into account in determining the       
    Directors who are to retire by rotation at such meeting.                  
                                                                              
    Details of the proposed amendments to the Bye-laws are set out in the     
    special resolution of the notice convening the annual general meeting of  
     the Company.                                                             
                                                                              
    By Order of the Board                                                     
    Vision Century Corporation Limited                                        
    Ang Ah Lay                                                                
    Executive Director and Chief Executive Officer                            
                                                                              
    Hong Kong, 24 March 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises one executive    
    director, namely Mr. Ang Ah Lay; five non-executive directors, namely     
    Dr. Han Cheng Fong (whose alternate is Mr. Hui Choon Kit), Ms. Chong      
    Siak Ching (whose alternate is Mr. Goh Kok Huat), Mr. Lew Syn Pau (whose  
     alternate is Mr. Goh Toh Sim), Mr. Goh Yong Chian, Patrick and Ms. Wang  
     Poey Foon, Angela; and three independent non-executive directors,        
    namely Mr. Alan Howard Smith, J.P., Mr. Kwong Che Keung, Gordon and Mr.   
    Hui Chiu Chung, J.P.