10:07     HUA YI COPPER<00559>&SOLARTECH INT'L<01166>-J.Ann.&Resume-6         

    of the Group or any of their respective associates.                       
    The New Shares Placing Agent will receive a placement                     
    commission of 2.5% of the gross proceeds of the New                       
    Shares Placing.                                                           
                                                                              
    Placees:        The New Placing Shares will be placed with                
    not less than six placees who will be independent of                      
    and not connected with the directors, chief executive                     
    or substantial shareholders of any member of the Group                    
    or any of their respective associates. It is expected                     
    that no placee will become a substantial shareholder                      
    as a result of the New Shares Placing.                                    
                                                                              
    New Shares Placing      HK$0.93 per New Placing Share                     
    (exclusive of brokerage (if any), Stock                                   
      Price:        Exchange trading fees, investor                           
    compensation levies and SFC transaction levies). This                     
    price was agreed after arm's length negotiations and                      
    represents:                                                               
                                                                              
    (i)     a discount of approximately 14.68% to the                         
    closing price of HK$1.09 per Share quoted on the Stock                    
    Exchange on 25 April 2005, being the last trading day                     
    of the Shares immediately before and including the                        
    date of this announcement; and                                            
                                                                              
    (ii)    a discount of approximately 7.92% to the average                  
    closing price per Share of approximately HK$1.01 per                      
    Share as quoted on the Stock Exchange for the last                        
    five trading days of the Shares immediately before                        
    and including the date of this announcement.                              
                                                                              
    The New Shares Placing Price, net of placing                              
    commission and other costs and expenses, is                               
    approximately HK$0.91 per New Placing Share. The net                      
    proceeds of the New Shares Placing is required to be                      
    paid to Hua Yi Copper at completion of the New Shares                     
    Placing.                                                                  
                                                                              
    Number of New   Up to 80,000,000 new Shares are to be                     
    placed, representing                                                      
      Placing Shares:       approximately 15.11% of the                       
    existing issued share capital of Hua Yi Copper of                         
    529,562,500 Shares and approximately 12.59% of the                        
    issued capital of Hua Yi Copper as enlarged by the                        
    New Shares Placing of 80,000,000 Shares (and the issue                    
    of the Subscription Shares).                                              
                                                                              
    The New Shares Placing is being undertaken by the New                     
    Shares Placing Agent on a best efforts basis and is                       
    not underwritten. The New Shares Placing will proceed                     
    in respect of such number of New Placing Shares as                        
    the New Shares Placing Agent successfully places to                       
    third party placees.                                                      
                                                                              
    Rights: The New Placing Shares will on issue rank                         
    equally with the existing Shares.                                         
                                                                              
    Conditions:     The New Shares Placing is conditional                     
    upon:                                                                     
                                                                              
    (i)     the Listing Committee of the Stock Exchange                       
    granting listing of, and permission to deal in, the                       
    New Placing Shares; and                                                   
                                                                              
    (ii)    the directors of Hua Yi Copper having been                        
    granted approval to allot and issue up to 80,000,000                      
    new Shares at a special general meeting of Hua Yi                         
    Copper by means of a specific authority to allot and                      
    issue the New Placing Shares.                                             
                                                                              
    The New Shares Placing Agreement will lapse if the                        
    conditions are not satisfied by 15 June 2005, unless