09:05 HAITIAN ANTENNA<08227> -Announcement & Resumption of Trading 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. XI'AN HAITIAN ANTENNA TECHNOLOGIES CO., LTD.* (A joint stock limited company incorporated in the People's Republic of China) (Stock Code: 8227) CHANGE OF THE SINGLE LARGEST SHAREHOLDER OF THE COMPANY The Board has been informed by the Company's single largest shareholder, Professor Xiao, that Professor Xiao has sold 180,000,000 domestic Shares originally held by him to Tian An Investment under an agreement dated 4 April 2005. Mr. Xiao Bing (a son of Professor Xiao, the president of the Company, an executive Director and the chairman of the Board) and Ms. Yao own 60% and 40% of the registered capital of Tian An Investment respectively. Both Mr. Xiao Bing and Ms. Yao are persons acting in concert with Professor Xiao. Following the completion of the Sale and Purchase (subject to the ratification by the relevant authorities of the PRC), Tian An Investment became the single largest shareholder of the Company and together with its concert parties held 180,000,000 Shares, representing approximately 27.8% of the issued share capital of the Company as at the date of this announcement. Based on the information made available to the Company, there will be no change in the composition of the Board following the completion of the Sale and Purchase. Shareholders and/or potential investors are reminded to exercise caution when dealing in the securities of the Company. At the request of the Company, trading in Shares on the Stock Exchange was suspended from 9:30 a.m. on 6 April 2005 pending the release of this announcement. An application has been made by the Company to the Stock Exchange for resumption of trading in Shares on the Stock Exchange with effect from 9:30 a.m. on 7 April 2005. By order of the Board Xi'an Haitian Antenna Technologies Co., Ltd.* Xiao Bing Chairman of the Board Xi'an, the PRC, 6 April 2005 As at the date of this announcement, the Board comprises (Mr. Xiao Bing) being executive Director; (Mr. Wang Ke), (Mr. Liu Yongqiang), (Mr. Wang Quanfu), (Mr. Li Wenqi) and (Ms. Wang Jing) being non-executive Directors; and (Mr. Zhou Tianyou), (Mr. Gong Shuxi) and (Mr. Wang Pengcheng) being independent non-executive Directors. This announcement, for which 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: (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. The above announcement is a summary only. For the full version of this announcement, please refer to the "Latest Company Announcements" page on the GEM website of www.hkgem.com. * For identification purpose only