10:29     ZIDA TECH<00859> - Announcement & Resumption (6)                    

    Based on 56,229,000 Shares subject to the Share Offer, the Share          
    Offer is valued at approximately HK$23.6 million (assuming the            
    Options have not been exercised prior to the close of the Offers)         
    or approximately HK$24.2 million (assuming the Options, other             
    than those held by Mr. Chang and Ms. Tang, have been fully                
    exercised).                                                               
                                                                              
    The Offeror will finance the Offers by way of bank financing.             
    Partners Capital is satisfied that sufficient financial                   
    resources are available to the Offeror to satisfy full acceptance         
    of the Offers.                                                            
                                                                              
    Effects of accepting the Offers                                           
                                                                              
    By accepting the Share Offer, Shareholders will sell their Shares         
    to the Offeror free from all liens, claims and encumbrances and           
    with all rights attached to them as at the date of this                   
    announcement, including the right to receive all dividends and            
    distributions declared, paid or made on or after the date of              
    this announcement. By accepting the Option Offer, the                     
    Optionholders will surrender and give up the subscription rights          
    attaching to the Options.                                                 
                                                                              
    Stamp duty                                                                
                                                                              
    Seller's ad valorem stamp duty at a rate of HK$1.00 for every             
    HK$1,000 (or part thereof) of the consideration arising on                
    acceptance of the Share Offer will be deducted from the                   
    consideration due to the relevant Shareholder on acceptance of            
    the Share Offer. The Offeror will arrange for payment of the              
    stamp duty in connection with the acceptance of the Share Offer           
    and the transfer of the Shares.                                           
                                                                              
    Payment                                                                   
                                                                              
    Payment in cash in respect of acceptances of the Offers will              
    be made within ten days of the date on which the relevant                 
    documents of title are received by the Offeror to render each             
    such acceptance complete and valid.                                       
                                                                              
    INFORMATION ON THE COMPANY                                                
                                                                              
    The Company was incorporated in Bermuda with limited liability            
    and its Shares are listed on the Main Board of the Stock Exchange.        
    The principal activities of the Group are design, development,            
    manufacture and sale of computer motherboards and network                 
    products, and mobile storage and computer related products.               
                                                                              
    The following table is a summary of the audited financials of             
    the Group for the two years ended 31 March 2004 and the unaudited         
    financials of the Group for the six months ended 30 September             
    2004:                                                                     
                                                                              
            Six months ended                                                  
    Year ended 31 March     30 September                                      
    2003            2004            2004                                      
    HK$'000         HK$'000         HK$'000                                   
                                                                              
    Turnover        1,387,089               740,384         302,327           
    Profit/(loss) before taxation   (28,649 )       (9,875  )       1,118     
    Profit/(loss) after taxation    (28,828 )       (9,875  )       1,118     
    Net tangible assets     24,185          16,488          17,454            
                                                                              
    INFORMATION ON THE OFFEROR                                                
                                                                              
    The Offeror is an investment holding company incorporated in              
    the British Virgin Islands with limited liability on 8 March              
    2005 and is beneficially owned as to 70% by Mr. Ng Chun For Henry,        
    as to 10% by Mr. Ian Ng, as to 10% by Mr. Eric Ng and as to the           
    balance of 10% by Mr. Chan Kwai