09:26 RADFORD CAPITAL<00901> - 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. Radford Capital Investment Limited (incorporated in the Cayman Islands with limited liability) (Stock Code: 901) DELAY IN DESPATCH OF CIRCULAR DEFERMENT OF EXPECTED TIMETABLE Due to the fact that additional time is needed for the preparation of audited financial statements of the Group for the year ended 31 December 2004 for insertion in the Circular, the despatch of the Circular has been delayed and the expected timetable for the Capital Reorganisation and the Rights Issue will be deferred. The Circular is expected to be sent to the Shareholders on 20 April 2005. INTRODUCTION Reference is made to the announcement of the Company dated 4 March 2005 (the "Announcement") in respect of the timetable for the Capital Reorganisation and the Rights Issue. Terms used herein shall have the same meanings as defined in the Announcement unless the context otherwise requires. DESPATCH OF THE CIRCULAR According to the expected timetable set out in the Announcement, the Company is required to despatch the Circular with notice of the EGM to the Shareholders on 1 April 2005. However, due to the fact that additional time is needed for the preparation of audited financial statements of the Group for the year ended 31 December 2004 for insertion in the Circular, the despatch of the Circular has been delayed and the expected timetable for the Capital Reorganisation and the Rights Issue will be deferred. The Circular is expected to be sent to the Shareholders on 20 April 2005. REVISED EXPECTED TIMETABLE The revised expected timetable for the Capital Reorganisation and the Rights Issue is set out below: Latest time for return of proxy form for the EGM 9:30 a.m. on 16 May 2005 The EGM 9:30 a.m. on 18 May 2005 Expected date on which the Capital Reorganisation becomes effective (Note 1) after close of business of 22 August 2005 Free exchange of existing Share certificates for New Share certificates commences 23 August 2005 Existing counter for trading in existing Shares in board lot of 20,000 Shares closes 9:30 a.m. on 23 August 2005 Temporary counter for trading in New Shares in board lot of 2,000 New Shares opens 9:30 a.m. on 23 August 2005 Last day of dealings in New Shares on a cum-rights basis 23 August 2005 First day of dealings in New Shares on an ex-rights basis 24 August 2005 Latest time for lodging transfers of Shares in order to qualify for the Rights Issue 4:00 p.m. on 25 August 2005 Book closure period 26 August 2005 to 30 August 2005 (both days inclusive) Record Date 30 August 2005 Register of members reopens 31 August 2005 Prospectus Documents expected to be despatched on 31 August 2005 First day of dealings in nil-paid Rights Shares 2 September 2005 Latest time for splitting nil-paid Rights Shares 4:00 p.m. on 6 September 2005