09:38 NEW WORLD CYBER<00276>-Announcement&Resumption of Trading(4) Save for the above, there has been no equity fund raising activities conducted by the Company in the past 12 months. The Board considers that the terms of the Placing Agreement, which were entered into after arm's length negotiation between the Company and the Placing Agent, to be on normal commercial terms and that such terms are fair and reasonable and in the interest of the Company and its Shareholders as a whole. GENERAL Application will be made to the Stock Exchange for the granting of the listing of, and permission to deal in, the Placing Shares. Trading in the Shares was suspended from 9:30 a.m. on 21 April 2005 at the request of the Company pending the issue of this announcement and application has been made to the Stock Exchange for the resumption of trading in the Shares with effect from 9:30 a.m. on 22 April 2005. DEFINITIONS "associate(s)" has the meaning ascribed thereto under the Listing Rules "Board" the board of Directors "Company" New World CyberBase Limited, a company incorporated in Bermuda with limited liability, the shares of which are listed on the Main Board of the Stock Exchange "Director(s)" director(s) of the Company "HK$" Hong Kong dollars, the lawful currency of Hong Kong "Hong Kong" the Hong Kong Special Administrative Region of the People's Republic of China "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Placing" the placing of the Placing Shares at the Placing Price to not less than six (6) independent investors pursuant to the Placing Agreement "Placing Agent" Tai Fook Securities Company Limited, a licensed corporation to carry on Types 1, 3 and 4 of the regulated activities for the purpose of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) "Placing Agreement" the conditional placing agreement dated 20 April 2005 entered into between the Company and the Placing Agent in respect of the Placing "Placing Price" HK$0.24 per Placing Share "Placing Shares" 58,000,000 new Shares to be placed pursuant to the Placing "Rights Issue" the rights issue of 145,624,029 new Shares at the subscription price of HK$0.20 per rights Share, details of which are stated in the prospectus of the Company dated 7 February 2005 "SFC" the Securities and Futures Commission of Hong Kong "Share(s)" ordinary share(s) of HK$0.02 each in the share capital of the Company "Share Option(s)" options granted by the Company under the two share option schemes adopted by the Company pursuant to an ordinary resolution of the shareholders passed on 22 September 2000 and 28 August 2002 respectively "Stock Exchange" The Stock Exchange of Hong Kong Limited "Subscription Options" options granted by the Company to certain independent third parties to subscribe for a maximum of 3,900,000 Shares as at the date of this announcement as a result of an acquisition transaction of the Company, details of which are set out in the announcement of the Company dated 23 January 2002 By the Order of Board New World CyberBase Limited Lo Lin Shing, Simon Chairman Hong Kong, 21 April 2005 As at the date of this announcement, the Board comprises six Directors, of which Mr. Lo Lin Shing, Simon and Ms. Yvette Ong are executive Directors, Mr. To Hin Tsun, Gerald is a non-executive Director and Mr. Peter Pun, Mr. Wei Chi Kuan, Kenny and Mr. Lau Wai Piu are independent non-executive Directors.