10:27     LINEFAN TECH<08166> - 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 part of the contents of this announcement.                   
                                                                              
    This announcement, for which the directors of Linefan Technology          
    Holdings Limited collectively and individually accept full                
    responsibility, includes particulars given in compliance with the Rules   
    Governing the Listing of Securities on the Growth Enterprise Market of    
    The Stock Exchange of Hong Kong Limited for the purpose of giving         
    information with regard to Linefan Technology Holdings Limited. The       
    directors of Linefan Technology Holdings Limited, 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 respects 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.    
                                                                              
    LINEFAN TECHNOLOGY HOLDINGS LIMITED                                       
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8166)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited. The board of directors (the "Board") of Linefan             
    Technology Holdings Limited (the "Company") have noted today's            
    fluctuation in price of the shares of the Company and wish to state       
    that the Board is not aware of any reasons for such movement.             
                                                                              
    Save for the Company's final results announcement dated 29 March 2005,    
    the Board also confirm that there are no negotiations or agreements       
    relating to intended acquisitions or realisations which are               
    discloseable under Chapters 19 to 20 of the Rules Governing the Listing   
    of Securities on the Growth Enterprise Market of The Stock Exchange of    
    Hong Kong Limited (the "GEM Listing Rules"), neither is the Board aware   
    of any matter discloseable under the general obligation imposed by Rule   
    17.10 of the GEM Listing Rules, which is or may be of a price-sensitive   
    nature.                                                                   
                                                                              
    Made by the order of the Board, the directors of which collectively and   
    individually accept responsibility for the accuracy of this               
    announcement.                                                             
                                                                              
    By Order of the Board                                                     
    Linefan Technology Holdings Limited                                       
    Wang Yong                                                                 
    Chairman                                                                  
                                                                              
    As at the date of this announcement, the Board comprises of:              
                                                                              
    Mr. Wang Yong (Chairman and Executive director)                           
    Ms. Ma Gui Fang (Executive director)                                      
    Mr. Zhu Guang Bo (Executive director)                                     
    Mr. Chan, Peter Yat-Tung (Independent non-executive director)             
    Mr. Feng Jue Min (Independent non-executive director)                     
    Mr. Zhang Gong (Independent non-executive director)                       
                                                                              
    Hong Kong, 29 March 2005                                                  
                                                                              
    This announcement will remain on the GEM website at www.hkgem.com on      
    the "Latest Company Announcements" page for at least 7 days from the      
    date of its posting.