10:32     ZIDA TECH<00859> - Announcement & Resumption (9)                    

    announcement of the offer. The Company is required to despatch            
    a response document in relation to the Offers to the Shareholders         
    and the Optionholders within 14 days of the posting of the offer          
    document in accordance with Rule 8.4 of the Takeovers Code. An            
    independent board committee of the Company will be appointed              
    to advise the Independent Shareholders and the Optionholders              
    in respect of the Offers. An independent financial adviser will           
    be appointed to advise the independent board committee of the             
    Company, the Independent Shareholders and the Optionholders in            
    respect of the Offers. An announcement will be made as soon as            
    the appointment of the independent financial adviser is                   
    confirmed.                                                                
                                                                              
    WARNING                                                                   
                                                                              
    The Offers will only be made if Completion takes place pursuant           
    to the S&P Agreement. Completion is subject to satisfaction               
    and/or waiver of the conditions specified in the S&P Agreement            
    as detailed above. Accordingly, the S&P Agreement may or may              
    not be completed and the Offers may or may not proceed.                   
    Shareholders and potential investors are advised to exercise              
    extreme caution when dealing in the Shares.                               
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
                                                                              
    At the request of the Company, trading in the Shares has been             
    suspended with effect from 9:30 a.m. on 24 March 2005 pending             
    the release of this announcement. An application has been made            
    by the Company to the Stock Exchange for the resumption of trading        
    of the Shares with effect from 9:30 a.m. on 4 April 2005.                 
                                                                              
    In this announcement, the following expressions have the                  
    meanings set out below unless the context requires otherwise.             
                                                                              
    "Board" the board of directors                                            
                                                                              
    "Completion"    completion of the S&P Agreement                           
                                                                              
    "Company"       Zida Computer Technologies Limited, a company             
    incorporated in Bermuda with limited liability, the Shares of             
    which are listed on the Main Board of the Stock Exchange                  
                                                                              
    "Directors"     the director(s) of the Company                            
                                                                              
    "Dr. Li"        Dr. Li Chi Kwong, an independent non-executive            
    Director                                                                  
                                                                              
    "Encumbrances"  all pledges, charges, liens, mortgages,                   
    security interests, pre-emption rights, options and any other             
    encumbrances or third party rights or claims of any kind (other           
    than workmen's and similar liens arising or incurred in the               
    ordinary course of the business of the Group and securing                 
    obligations not material in amount and provisions constituting            
    reservation and retention of title clauses entered into in the            
    ordinary course of the business of the Group in favour of                 
    suppliers of goods purchased in the ordinary course of the                
    business of the Group)                                                    
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    PRC                                                                       
                                                                              
    "Independent Shareholders"      Shareholders other than the               
    Offeror and parties acting in concert with it                             
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange