09:51     ART TEXTILE<00565> - Announcement (3)                               

    details (including the conversion date, number of new shares              
    issued, conversion price for each conversion) of the conversion.          
    If there is no conversion during the month, a negative statement          
    is required;                                                              
                                                                              
    (ii)    number of outstanding Bonds after the conversion, if any;         
                                                                              
    (iii)   total amount of changes in the issued share capital of            
    the Company pursuant to other transactions (including exercise            
    of options pursuant to any share option scheme of the Group and           
    repurchases of Shares by the Company), if any; and                        
                                                                              
    (iv)    total issued share capital of the Company at the                  
    commencement and the last day of each relevant month.                     
                                                                              
    (b)     in addition to the Regular Announcement, should the               
    cumulative amount of new Shares issued pursuant to the conversion         
    of the Bond reach 5% of the issued share capital of the Company           
    as disclosed in the last Regular Announcement or Special                  
    Announcement (as defined below), as the case may be (and                  
    thereafter in a multiple of such 5% threshold), the Company               
    should make an announcement (the "Special Announcement")                  
    including details as stated in (a) above for the period                   
    commencing from the last Regular Announcement or Special                  
    Announcement, as the case may be, up to the date the total number         
    of Shares issued pursuant to the conversion amounts to 5% of              
    the issued share capital of the Company as disclosed in the last          
    Regular Announcement or Special Announcement, as the case may be.         
                                                                              
                                                                              
    By order of the board                                                     
    Art Textile Technology International Company Limited                      
    Chen Jinyan                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 11 April 2005                                                  
                                                                              
    As at the date of this announcement, the executive directors              
    of the Company are Mr. Chen Jinyan, Mr. Chen Qinzhi, Mr. Chen             
    Dong and Ms. Kong Ping; and the independent non-executive                 
    directors of the Company are Mr. Lo Kin Chung, Mr. Huang Yongfeng         
    and Mr. Yu Zhong Ming.