09:27     FIRST DRAGONCOM<00875> - Announcement (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.                                                             
                                                                              
    First Dragoncom Agro-Strategy Holdings Ltd.                               
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 875)                                                         
                                                                              
    DELAY IN THE PUBLICATION OF THE ANNUAL RESULTS                            
    AND                                                                       
    DESPATCH OF THE ANNUAL REPORT                                             
    FOR THE YEAR ENDED 31 DECEMBER 2004                                       
                                                                              
    The Board of the Company announces that the release and                   
    publication of the Company's final results for the year ended             
    31 December 2004 will be delayed on or before 20 May 2005 and             
    the despatch of the annual report will be delayed on or before            
    27 May 2005.                                                              
                                                                              
    The directors of the Company acknowledge that the delay                   
    constitutes a breach of Rules 13.46(2)(a) and 13.49(1) of the             
    Listing Rules and that the Stock Exchange reserves its rights             
    to take appropriate actions against the Company and/ or its               
    directors in respect of the breach.                                       
                                                                              
    At the request of the Company, trading in the Company's                   
    securities has been suspended from 9:30 a.m. on 28 April 2005             
    and will remain suspended until further notice.                           
                                                                              
    The board of directors (the "Board") of First Dragoncom                   
    Agro-Strategy Holdings Ltd. (the "Company") announces that the            
    release and publication of the Company's final results for the            
    year ended 31 December 2004 and the despatch of the annual report         
    will be delayed.                                                          
                                                                              
    Pursuant to Rules 13.46(2)(a) and 13.49(1) of the Rules Governing         
    the Listing of Securities (the "Listing Rules") on The Stock              
    Exchange of Hong Kong Limited (the "Stock Exchange"), an issuer           
    is required to publish on the newspaper its annual results and            
    despatch its annual report to its shareholders not later than             
    four months after the date upon which the financial period ended.         
                                                                              
    Since the books and records and other inventory data of Hebei             
    Bashang Plant Seeds Co., one of the subsidiaries of the Company,          
    have to be obtained, the Company is unable to finalise its audited        
    final results for the year ended 31 December 2004 and to release          
    and publish the same on or before 30 April 2005, i.e. within              
    four months after the date upon which the Company's financial             
    year ended. The recent change of auditors of the Company also,            
    to certain extent, affects the audit progress of the Company.             
    The Board confirms that the Company does not have any                     
    disagreement with its auditors.                                           
                                                                              
    The board meeting was originally scheduled to be held on 28 April         
    2005 and is now rescheduled to be held on or before 20 May 2005.          
    It is expected that the final results will be released and                
    published on or before 20 May 2005 and the annual report                  
    dispatched on or before 27 May 2005.                                      
                                                                              
    The directors of the Company acknowledge that the delay                   
    constitutes a breach of Rules 13.46(2)(a) and 13.49(1) of the             
    Listing Rules and that the Stock Exchange reserves its rights             
    to take appropriate actions against the Company and/ or its               
    directors in respect of the breach.                                       
                                                                              
    The directors of the Company have not dealt in any of the                 
    securities of the Company during the one month period immediately         
    preceding 30 April 2005, the deadline for the