09:39     YIDONG ELEC<08249> - Announcement (1)                               

    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.                                                     
                                                                              
    NINGBO YIDONG ELECTRONIC COMPANY LIMITED*                                 
    (a joint stock limited company incorporated in the                        
    People's Republic of China with limited liability)                        
    (Stock code: 8249)                                                        
                                                                              
    Announcement                                                              
                                                                              
    This announcement is made at the request of The Stock                     
    Exchange of Hong Kong Limited. 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.                   
                                                                              
    We have noted the recent decrease in price and                            
    increase in trading volume of the shares of Ningbo                        
    Yidong Electronic Company Limited ("the Company") and                     
    wish to state that we are not aware of any reasons                        
    for such changes.                                                         
                                                                              
    We also confirm that there are no negotiations or                         
    agreements relating to intended acquisitions or                           
    realisations which are discloseable under Chapters                        
    19 and 20 of the GEM Listing Rules, neither is the                        
    board of Directors (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.                                    
                                                                              
    As of the date hereof, the executive Directors are                        
    Mr. Wang Ya Qun, Mr. Liu Xiao Chun, Mr. Chen Zheng                        
    Tu and Mr. Wang Pei Zhang, while the non-executive                        
    Director is Mr. Li Ming. The independent                                  
    non-executive Directors are Mr. Tang Zhen Ming, Mr.                       
    Ding Gang Yi and Mr. Mok Wai Man, Derek.                                  
                                                                              
    By order of the Board of                                                  
    Ningbo Yidong Electronic Company Limited                                  
    Wang Ya Qun                                                               
    Chairman                                                                  
                                                                              
    31 March 2005, Ningbo, the PRC                                            
                                                                              
    This announcement, for which the Directors of the                         
    Company (the "Directors") collectively and                                
    individually accept full responsibility, includes                         
    particulars given in compliance with the Rules                            
    Governing the Listing of Securities on GEM 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, (i) the information contained                       
    in this announcement is accurate and complete in all                      
    material respects and not misleading; (ii) there are                      
    no other matters the omission of which would make any                     
    statement in this announcement misleading; and (iii)                      
    all opinions expressed in this announcement have been                     
    arrived at after due