09:41     ITC CORPORATION<00372> - Announcement (5)                           

    "Offer Shares"   the Trasy Shares not beneficially owned by               
    the Offeror and parties acting in concert with it and any                 
    further Trasy Shares unconditionally allotted, issued and                 
    fully paid before the date on which the Offers close (or such             
    earlier date(s) as the Offeror may, subject to the Code,                  
    determine), including any Trasy Shares unconditionally                    
    allotted and issued pursuant to the exercise of Trasy Options             
                                                                              
    "Offeror"   Golden Hall Holdings Limited, a company                       
    incorporated in Hong Kong and a wholly-owned subsidiary of                
    ITC                                                                       
                                                                              
    "Offers"   together, the Share Offer and the Option Offer                 
                                                                              
    "Option Offer"   the unconditional mandatory cash offer to be             
    made by Somerley on behalf of the Offeror for all outstanding             
    Trasy Options in accordance with the Code                                 
                                                                              
    "Pre-IPO Share Option Scheme"   the share option scheme                   
    adopted by Trasy on 6 November 2000                                       
                                                                              
    "RNA"   RNA Holdings Limited, a company incorporated in                   
    Bermuda whose shares are listing on the Main Board of the                 
    Stock Exchange and the controlling shareholder of Trasy prior             
    to the Acquisition                                                        
                                                                              
    "Sale Shares"   the 1,391,430,000 Trasy Shares acquired by                
    the Offeror from the Vendor                                               
                                                                              
    "Share Offer"   the unconditional mandatory cash offer to be              
    made by Somerley on behalf of the Offeror for all the Offer               
    Shares in accordance with the Code                                        
                                                                              
    "Somerley"   Somerley Limited, a deemed licensed corporation              
    under the Securities and Futures Ordinance (Chapter 571 of                
    the Laws of Hong Kong) permitted to engage in types 1, 4, 6               
    and 9 of the regulated activities under the Securities and                
    Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and              
    the financial adviser to the Offeror                                      
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Trasy"   Trasy Gold Ex Limited, a company incorporated in                
    the Cayman Islands and whose shares are listed on the Growth              
    Enterprise Market of the Stock Exchange                                   
                                                                              
    "Trasy Directors"   directors of Trasy                                    
                                                                              
    "Trasy Group"   Trasy and its subsidiaries                                
                                                                              
    "Trasy Options"   the outstanding options granted by Trasy                
    pursuant to the Pre-IPO Share Option Scheme                               
                                                                              
    "Trasy Shareholders"   holders of Trasy Shares                            
                                                                              
    "Trasy Shares"   ordinary shares of HK$0.01 each in the                   
    issued share capital of Trasy                                             
                                                                              
    "Vendor"   Tsun Fat Finance Company Limited, a money lender               
    licensed under the Money Lenders Ordinance (Chapter 163 of                
    the Laws of Hong Kong)                                                    
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "%"   per cent.                                                           
                                                                              
    On behalf of the Board                                                    
    ITC Corporation Limited                                                   
    Law Hon Wa, William                                                       
    Company Secretary                                                         
                                                                              
    Hong Kong, 6 April 2005                                                   
                                                                              
    The directors of the Offeror and ITC jointly and severally                
    accept full responsibility for the accuracy of the                        
    information contained in this announcement, other than those              
    relating to Trasy, and confirm, having made all reasonable                
    enquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement, other than those relating to              
    Trasy, have been arrived at after due and careful                         
    consideration and there are no other facts, other than those              
    relating to Trasy, not contained in this announcement, the                
    omission of which would make any statement in this                        
    announcement misleading.