09:27     Announcement in relation to ZIDA TECH<00859> (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.                                                             
                                                                              
    This announcement appears for information purposes only and does          
    not constitute an invitation or offer to acquire, purchase or             
    subscribe for securities of Zida Computer Technologies Limited.           
                                                                              
    TRUE EVER GROUP LIMITED                                                   
    (incorporated in the British Virgin Islands with limited                  
    liability)                                                                
                                                                              
    DESPATCH OF THE OFFER DOCUMENT                                            
    IN RELATION TO                                                            
    UNCONDITIONAL MANDATORY CASH OFFERS BY                                    
                                                                              
    Partners Capital International Limited                                    
                                                                              
    ON BEHALF OF TRUE EVER GROUP LIMITED                                      
    TO ACQUIRE ALL THE ISSUED SHARES OF HK$0.10 EACH IN THE SHARE             
    CAPITAL OF ZIDA COMPUTER TECHNOLOGIES LIMITED (stock code: 859)           
    (OTHER THAN THOSE SHARES ALREADY OWNED OR AGREED TO BE ACQUIRED           
    BY THE OFFEROR AND PARTIES ACTING IN CONCERT WITH IT)                     
    AND                                                                       
    FOR CANCELLATION OF ALL OUTSTANDING OPTIONS                               
    OF ZIDA COMPUTER TECHNOLOGIES LIMITED                                     
                                                                              
    Financial adviser to the Offeror                                          
                                                                              
    Partners Capital International Limited                                    
                                                                              
    Arranger                                                                  
                                                                              
    Deloitte.                                                                 
    Deloitte & Touche Corporate Finance Ltd.                                  
                                                                              
    The Offer Document containing, amongst other things, the terms            
    of the Offers, together with the Forms of Acceptance has been             
    despatched to the Independent Shareholders and the Optionholders          
    on 22 April 2005. The latest time for acceptance of the Offers            
    is 4:00 p.m. on Friday, 20 May 2005. The Offers, which are                
    unconditional, will close on Friday, 20 May 2005 unless the               
    Offeror revises or extends the Offers in accordance with the              
    Takeovers Code.                                                           
                                                                              
    The Company is required to despatch the Response Document in              
    relation to the Offers to the Independent Shareholders and the            
    Optionholders within 14 days of the posting of the Offer Document.        
    Independent Shareholders and Optionholders are strongly advised           
    to read the Response Document, in particular, the recommendation          
    of the independent board committee of the Company and the advice          
    of the independent financial adviser to such independent board            
    committee, before deciding whether or not to accept the Offers.           
                                                                              
    Reference is made to the joint announcements dated 1 April 2005           
    and 11 April 2005 respectively made jointly by the Company and            
    the Offeror regarding the Offers. Unless otherwise stated,                
    capitalised terms used in this announcement shall have the same           
    meanings as those defined in the offer document (the "Offer               
    Document") despatched to the Independent Shareholders and the             
    Optionholders on 22 April 2005.