11:08     NEW WORLD TMT<00301> - Announcement (3)                             

    an indirect wholly owned subsidiary of the Company                        
                                                                              
    For the purposes of this announcement and for illustration purpose        
    only, amounts denominated in JPY have been translated into HK$ using      
    the prevailing rate at the relevant time.                                 
                                                                              
    No representation is made that any amount in JPY or HK$ could have been   
    or could be converted at the above rate or at any other rates at all.     
                                                                              
    By Order of the Board                                                     
    Wong Chi-Chiu, Albert                                                     
    Chief Executive Officer                                                   
                                                                              
    Hong Kong, 24 March 2005