10:05     HUA YI COPPER<00559>&SOLARTECH INT'L<01166>-J.Ann.&Resume-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.                                                     
                                                                              
    Hua Yi Copper Holdings Limited  Solartech                                 
    International Holdings Limited                                            
    *  *                                                                      
    (Incorporated in Bermuda with limited liability)                          
            (Incorporated in Bermuda with limited liability)                  
    (Stock code: 0559)      (Stock code: 1166)                                
                                                                              
    (1) PLACING OF EXISTING SHARES  (1) PLACING OF                            
    EXISTING SHARES                                                           
    AND TOP-UP SUBSCRIPTION OF      AND TOP-UP SUBSCRIPTION                   
    OF                                                                        
    NEW SHARES BY SOLARTECH NEW SHARES IN HUA YI COPPER                       
    (2) PROPOSED PLACING OF NEW SHARES      (2)                               
    REGISTRATION OF CHINESE NAME                                              
    (3) REFRESHMENT OF EXISTING GENERAL MANDATE     WITH                      
    THE COMPANIES REGISTRY                                                    
                                                                              
    PLACING OF EXISTING SHARES AND TOP-UP SUBSCRIPTION                        
    OF NEW SHARES                                                             
    On 26 April 2005, the Vendor, a wholly-owned                              
    subsidiary of Solartech, entered into the Top-Up                          
    Placing Agreement and the Subscription Agreement with                     
    the Top-Up Placing Agent and Hua Yi Copper                                
    respectively. The Vendor presently holds 397,121,875                      
    of the issued shares of Hua Yi Copper and pursuant                        
    to the Top-Up Placing Agreement, the Vendor has agreed                    
    to place, through the Top-Up Placing Agent,                               
    25,912,000 shares in the share capital of Hua Yi                          
    Copper to independent investors at a price of HK$0.93                     
    per Share. On completion of the Top-Up Placing, the                       
    Vendor will, pursuant to the Subscription Agreement,                      
    subscribe for 25,912,000 new Shares at a price of                         
    HK$0.93 per Share.                                                        
                                                                              
    The Top-Up Placing is unconditional and fully                             
    underwritten by the Top-Up Placing Agent. Completion                      
    of the Subscription is subject to the satisfaction                        
    of certain conditions as described below. If these                        
    conditions are not fulfilled, the Subscription will                       
    not proceed.                                                              
                                                                              
    The Top-Up Placing Shares represent approximately                         
    4.89% of the existing issued share capital of Hua Yi                      
    Copper of 529,562,500 Shares and approximately 4.66%                      
    of Hua Yi Copper's issued share capital as enlarged                       
    by the Subscription (but without taking into account                      
    the New Shares Placing (see below)). The net proceeds                     
    from the Subscription of approximately HK$23 million                      
    will be used by the Group to acquire machinery and                        
    other equipment in anticipation of the completion of                      
    construction of its manufacturing plant in Kunshan,                       
    Jiangxu province, the PRC, so as to meet customer                         
    demand in that area.                                                      
                                                                              
    The Vendor has an approximately 74.99% interest in                        
    Hua Yi Copper as at the date of this announcement,                        
    which will be reduced to approximately 70.10%                             
    immediately upon completion of the Top-Up Placing,                        
    and will then be increased to approximately 71.49%                        
    immediately upon completion of the Subscription.                          
                                                                              
    The Subscription is conditional upon, amongst other                       
    things, the Stock Exchange granting listing of, and