10:06     HUA YI COPPER<00559>&SOLARTECH INT'L<01166>-J.Ann.&Resume-5         

    approximately HK$1 million. Any interest earned by                        
    the Vendor on the moneys raised by the Top-Up Placing,                    
    between the date of completion of the Top-Up Placing                      
    and the date of completion of the Subscription, will                      
    be paid to Hua Yi Copper.                                                 
                                                                              
    General Mandate:        The Subscription Shares will be                   
    issued pursuant to the general mandate to allot, issue                    
    and deal with Shares granted to the directors of Hua                      
    Yi Copper by resolution of its shareholders passed                        
    at Hua Yi Copper's general meeting held on 25 May 2004,                   
    which authorised the directors of Hua Yi Copper to                        
    allot and issue a maximum of 25,912,500 Shares (as                        
    adjusted following the share consolidation on 30                          
    December 2004).                                                           
                                                                              
    The general mandate has not been utilised prior to                        
    entering into of the Subscription Agreement and Hua                       
    Yi Copper has not undertaken any fund raising                             
    activities in the 12 months immediately before the                        
    date of this announcement.                                                
                                                                              
    Ranking of      The Subscription Shares will rank equally                 
    with Shares in issue at the                                               
      Subscription Shares:  time of issue and allotment of                    
    the Subscription Shares.                                                  
                                                                              
    Conditions:     The Subscription is conditional upon:                     
                                                                              
    (a)     the Stock Exchange granting listing of, and                       
    permission to deal in, the Subscription Shares; and                       
                                                                              
    (b)     completion of the Top-Up Placing in accordance                    
    with the Top-Up Placing Agreement.                                        
                                                                              
    Application will be made to the Stock Exchange to                         
    grant the listing of, and permission to deal in, the                      
    Subscription Shares. The listing of the Subscription                      
    Shares may not be granted, if so, the Subscription                        
    will not proceed.                                                         
                                                                              
    Completion:     Pursuant to the Subscription Agreement,                   
    and in accordance with the Listing Rules, the                             
    Subscription must be completed 13 days after the date                     
    of the Subscription Agreement, that is, on or before                      
    9 May 2005 (or such later date as Hua Yi Copper and                       
    the Vendor may agree, such agreement not to                               
    unreasonably withheld or delayed and subject to                           
    compliance with the Listing Rules), failing which the                     
    Subscription shall cease and terminate.                                   
                                                                              
    Reason for the Top-Up Placing and Subscription and                        
    Use of Proceeds                                                           
    In view of the current market conditions, the                             
    directors of Hua Yi Copper and Solartech consider that                    
    the Top-Up Placing and Subscription represents a good                     
    opportunity to raise further working capital for Hua                      
    Yi Copper while at the same time broadening its                           
    shareholder and capital base. 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.                                                      
                                                                              
    PROPOSED PLACING OF NEW SHARES                                            
    New Shares Placing Agreement dated 26 April 2005                          
    Parties:        Hua Yi Copper and the New Shares Placing                  
    Agent.                                                                    
                                                                              
    New Shares      The New Shares Placing Agent is                           
    independent of and not connected                                          
      Placing Agent:        with the directors, chief executive               
    or substantial shareholders of any member