10:08     HUA YI COPPER<00559>&SOLARTECH INT'L<01166>-J.Ann.&Resume-8         

    Total   529,562,500             100.00%         529,562,500               
            100.00%         555,474,500             100.00%         635.475,  
    000                                                                       
            100.00%                                                           
                                                                              
    Note:   The above figures assume that other than the                      
    Subscription Shares and the New Placing Shares, no                        
    further Shares are issued or repurchased by Hua Yi                        
    Copper and no Share Options are exercised, and other                      
    than the Top-Up Placing Shares, no Shares are sold                        
    or purchased by the Vendor, in each case after the                        
    date of this announcement and up to the date of the                       
    completion of the New Shares Placing.                                     
                                                                              
    REFRESHMENT OF EXISTING GENERAL MANDATE AND SGMS                          
    Since the issue of the Subscription Shares will                           
    utilise in full the general mandate granted to the                        
    directors of Hua Yi Copper on 25 May 2004, the                            
    directors of Hua Yi Copper will convene the SGM of                        
    Independent Shareholders to seek approval for the                         
    refreshment of the general mandate to authorise them                      
    to further issue securities not exceeding 20% of the                      
    issue share capital of Hua Yi Copper as at the date                       
    of passing such resolution, in order to allow Hua Yi                      
    Copper to maintain flexibility for any possible fund                      
    raising activities or future acquisitions, including                      
    but not limited to further placings of Shares.                            
                                                                              
    Approval from the shareholders of Hua Yi Copper will                      
    be sought at the SGMs for the approval of the New Shares                  
    Placing and the refreshment of the existing general                       
    mandate. Pursuant to the Listing Rules, any                               
    refreshment of the general mandate made before the                        
    next annual general meeting requires any controlling                      
    shareholders and their associates or, where there are                     
    no controlling shareholders, directors (excluding                         
    independent non-executive directors) and the chief                        
    executive of the issuer and their respective                              
    associates to abstain from voting in favour.                              
    Accordingly, the Vendor and Mr. Chau Lai Him will                         
    abstain from voting at the SGM of Independent                             
    Shareholders in relation to the resolution to approve                     
    the refreshment of the existing general mandate.                          
                                                                              
    Subject to the approval of the Independent                                
    Shareholders for the refreshment of the existing                          
    general mandate and assuming that the Top-Up Placing                      
    and Subscription are both completed (but before                           
    taking into account the New Shares Placing), and that                     
    no further Shares are issued or repurchased by Hua                        
    Yi Copper and no Share Options are exercised, the                         
    Shares in issue as at the date of passing of the                          
    relevant resolution would be 555,474,500 Shares,                          
    which means that the directors of Hua Yi Copper would                     
    be authorised to allot and issue a maximum of                             
    111,094,900 Shares if the general mandate is granted.                     
                                                                              
    An independent board committee will be established                        
    and an independent financial adviser will be                              
    appointed to advise the Independent Shareholders in                       
    respect of the refreshment of the general mandate.                        
    A circular containing details of the above, together                      
    with notices convening the SGMs, will be despatched                       
    to the shareholders of Hua Yi Copper as soon as                           
    practicable.                                                              
                                                                              
    REGISTRATION OF CHINESE NAME WITH THE COMPANIES                           
    REGISTRY                                                                  
    Solartech further announces that it has registered                        
    its Chinese name "*" with the Hong                                        
    Kong Companies Registry with effect from 16 April 2005.                   
    Its English name remains the same.