10:43 <00275> & <00235>-Joint Ann. & <00235> Resumed (24) the main board of the Stock Exchange "Kingston" Kingston Securities Limited, a corporation licensed under the transitional arrangements to carry out Types 1,4,6,7 and 9 regulated activities for the purposes of the SFO, which will make the China Strategic Offer on behalf of the Offeror "Last Trading Day" 7th March, 2005, being the last day on which China Strategic Shares and Hanny Shares were traded on the Stock Exchange prior to the suspension in trading of China Strategic Shares and Hanny Shares pending the publication of this announcement "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Maturity Date" the fifth anniversary from the date of issue of the Hanny Bond "MRI" MRI Holdings Limited, a 57.3% owned subsidiary of China Strategic and the shares of which are listed on the Australian Stock Exchange "Offeror" Nation Field Limited, a company incorporated in the BVI with limited liability and beneficially and wholly owned by Mr. Gao Yang "Option 1" the option offered to the China Strategic Shareholders under the GDI Offer in the form of one Hanny Share plus HK$1.8 cash for every five GDI Shares "Option 2" the option offered to the China Strategic Shareholders under the GDI Offer in the form of one Hanny Bond for every five GDI Shares "Paul Y" Paul Y. - ITC Construction Holdings Limited, a company incorporated in Bermuda with limited liability and the shares of which are listed on the main board of the Stock Exchange "Paul Y Sale Shares" 135,000,000 China Strategic Shares (equivalent to 67,500,000 Consolidated China Strategic Shares upon the Capital Reorganisation having become effective) held by a wholly-owned subsidiary of Paul Y, representing approximately 15.3% of the issued share capital of China Strategic "Paul Y Shareholders" shareholders of Paul Y "PRC" the People's Republic of China "Record Date" the record date, to be fixed, to determine entitlements to the distribution in specie of the GDI Shares by China Strategic "Reduced China Strategic issued and unissued share(s) of HK$0.05 each in the share capital of Share(s)" China Strategic created from the Capital Reduction and Subdivision but prior to the implementation of the Share Consolidation "Remaining Business" the business to be remained in the China Strategic Group upon completion of the China Strategic Group Reorganisation, including manufacturing and trading of battery products, investments in securities and property and investment in unlisted investments "SFC" the Securities and Futures Commission "SFO" the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong "Share Consolidation" the proposed consolidation of every two Reduced China Strategic Shares into one Consolidated China Strategic Share "Share Sale Agreement" the sale and purchase agreement dated 10th March, 2005 entered into between, inter alia, the Offeror, Paul Y and Hanny for the acquisition by the Offeror of an aggregate of 270,000,000 China Strategic Shares from Paul Y and Hanny, which shares represent approximately 30.6% of the issued share capital of China Strategic as at the date of the Share Sale Agreement "Somerley" Somerley Limited, a deemed licensed corporation under the SFO permitted to carry out types 1, 4, 6 and 9 of the regulated activities for the purposes of the SFO and the financial