09:24     GOLDIGIT ATOM<02362> - 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.                                                     
                                                                              
    Goldigit Atom-tech Holdings Limited                                       
    (Incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (STOCK CODE: 2362)                                                        
                                                                              
    ANNOUNCEMENT AND RESUMPTION OF TRADING                                    
                                                                              
    The directors of Goldigit Atom-tech Holdings Limited                      
    (the "Company") announce that as the conditions                           
    precedent for completion of the sale and purchase                         
    contemplated under the Agreement has not been                             
    fulfilled by 10 April 2005 and no extension of such                       
    deadline has been agreed, the Agreement has lapsed                        
    and is of no further effect.                                              
                                                                              
    At the request of the Company, trading in the Shares                      
    was suspended with effect from 9:30 a.m. on 11 April                      
    2005, pending release of this announcement.                               
    Application has been made by the Company for the                          
    resumption of trading in the Shares with effect from                      
    9:30 a.m. on 12 April 2005.                                               
                                                                              
    Reference is made to the circular of the Company dated                    
    1 April 2005 (the "Circular") in relation to the                          
    Acquisition of 20% of the issued and paid up capital                      
    of Golden Crown. Unless defined otherwise, terms in                       
    this announcement shall have the same meanings as                         
    those defined in the Circular.                                            
                                                                              
    Up until 10 April 2005, the conditions precedent under                    
    the Agreement has not been fully satisfied. In                            
    particular, the Company was not satisfied with the                        
    results of the due diligence review on Beijing                            
    Aleznova who was unable to provide further                                
    information as requested and the Board concerned                          
    about the uncertainty in its operation position. As                       
    the deadline has expired and no agreement has been                        
    reached between the parties to further extend the                         
    deadline, the Agreement has lapsed and has no further                     
    effect. The lapse of the Agreement has no material                        
    impact on financial positions and business operations                     
    of the Group. The parties agreed that the deposit paid                    
    to the Vendor at HK$5 million will be returned to the                     
    Purchaser by 16 April 2005 at no compensation to costs                    
    and expenses incurred arising from the Agreement.                         
                                                                              
    At the request of the Company, trading in the Shares                      
    was suspended with effect from 9:30 a.m. on 11 April                      
    2005, pending release of this announcement.                               
    Application has been made by the Company for the                          
    resumption of trading in the Shares with effect from                      
    9:30 a.m. on 12 April 2005.                                               
                                                                              
    By order of the Board                                                     
    Wong Kin Ping                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 11 April 2005                                                  
                                                                              
    As at the date of this announcement, the directors                        
    of the Company comprises Lao Seng Peng, Cai Wei Min,                      
    Yeh Tung Ming and Wong Kin Ping as Executive Directors;                   
    Sun Juyi, Jiang Ming Le and Chan Sai Kuai as                              
    Independent non-executive Directors.