10:14     NANJING PANDA<00553> - Announcement                                 

    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.                   
                                                                              
                                                                              
    NANJING PANDA ELECTRONICS COMPANY LIMITED                                 
    (A joint stock company incorporated in the People's Republic of China     
    with limited liability)                                                   
                                                                              
    (Stock Code: 553)                                                         
                                                                              
    POSTPONEMENT OF THE BOARD MEETING                                         
    FOR THE APPROVAL OF PRELIMINARY ANNOUNCEMENT OF                           
    2004 ANNUAL RESULTS                                                       
                                                                              
                                                                              
    Nanjing Panda Electronics Company Limited wishes to announce that the     
    date of the board meeting to approve the preliminary announcement of      
    2004 annual results has to be postponed from 26 April 2005 to 28 April    
    2005 for the reasons stated herein.                                       
                                                                              
    Trading of H shares of the company has been suspended since 11 March      
    2005 until the company has properly addressed the concerns of the         
    Stock Exchange of Hong Kong Ltd. as referred to in the announcement of    
    the company dated 18 March 2005. Shareholders and potential investors     
    should exercise extreme caution when dealing in the shares.               
                                                                              
    Nanjing Panda Electronics Company Limited (the "Company") wishes to       
    announce that the date of the board meeting to approve the preliminary    
    announcement of 2004 annual results ("Preliminary Results                 
    Announcement") has to be postponed from 26 April 2005 to 28 April         
    2005. The reason is the delay in the work progress in preparing the       
    annual results.                                                           
                                                                              
    According to the Rules Governing the Listing of Securities on the         
    Stock Exchange of Hong Kong Ltd, the Preliminary Results Announcement     
    is required to be published and the annual report 2004 of the Company     
    ("Annual Report") to be despatched to its shareholders on or before 30    
    April 2005. The Preliminary Results Announcement will be published on     
    29 April 2005 and the Annual Report will be dispatched not later than     
    30 April 2005. The postponement of board meeting would not contravene     
    the articles of association of the Company and any laws, rules or         
    regulations of People's Republic of China.                                
                                                                              
    The Directors confirmed that they have not dealt in any securities of     
    the Company since 11 March 2005 and have undertaken that they will not    
    deal in any securities of the Company until the Preliminary Results       
    Announcement is published.                                                
                                                                              
    Trading of H shares of the Company has been suspended since 11 March      
    2005 until the Company has properly addressed the concerns of the         
    Stock Exchange of Hong Kong Ltd. as referred to in the announcement of    
    the Company dated 18 March 2005. Shareholders and potential investors     
    should exercise extreme caution when dealing in the shares.               
                                                                              
                                                                              
                                                                              
    As at the date of the announcement, the Board of Directors of the         
    Company comprises of: 1. Executive Directors: Mr. Li Anjian, Mr. Zhang    
    Zuzhong; 2. Non-executive Directors: Ms. Liu Ailian, Mr. Zhou Zhenyu,     
    Mr. Tang Hongqing, Mr. Zhu Lifeng; 3. Independent Non-executive           
    Director: Ms. Wan Hui, Mr. Cai Liang Lin, Mr. Ma Chung Lai, Lawrence.     
                                                                              
    By Order of the Board of Directors of the Company                         
    Li Anjian                                                                 
    Chairman                                                                  
    25 April 2005                                                             
    Nanjing, the People's Republic of China