11:10     CHAMPION TECH<00092> - Announcement (6)                             

    Additional Tranche 1 Bonds with the Amended Terms are                     
    favourable and the issue of the Additional Tranche                        
    1 Bonds with the Amended Terms provides an opportunity                    
    to raise extra funds for the Company.                                     
                                                                              
    SHAREHOLDING STRUCTURE                                                    
    As at the date of this announcement, the issued share                     
    capital of the Company is HK$123,259,725.10                               
    comprising 1,232,597,251 Shares. Lawnside                                 
    International Limited ("Lawnside") is currently the                       
    single largest shareholder of the Company, holding                        
    350,601,078 Shares, representing approximately 28.44                      
    per cent. of the existing issued share capital. As                        
    at the date of this announcement, CSFB has converted                      
    part of the Original Tranche 1 Bonds in the aggregate                     
    principal amount of US$7,900,000 and part of the                          
    Tranche 2 Bonds in the aggregate principal amount of                      
    US$6,600,000. Accordingly, the aggregate principal                        
    amount of the remaining Original Tranche 1 Bonds is                       
    US$100,000 and the aggregate principal amount of the                      
    remaining Tranche 2 Bonds is US$1,400,000. If the                         
    maximum possible number of Shares are issued pursuant                     
    to the conversion of the remaining Original Tranche                       
    1 Bonds, the remaining Tranche 2 Bonds and the                            
    Additional Tranche 1 Bonds and the Subscription Right                     
    in respect of the Original Tranche 1 Bonds, the                           
    Tranche 2 Bonds and the Additional Tranche 1 Bonds                        
    is exercised in full, 48,021,721 new Shares will be                       
    issued based on the Fixed Conversion Prices of the                        
    Tranche 1 Bonds and the Tranche 2 Bonds respectively,                     
    representing approximately 3.90 per cent. and                             
    approximately 3.75 per cent. of the existing issued                       
    share capital and the enlarged issued share capital                       
    respectively. The shareholding interests of all the                       
    shareholders of the Company will be proportionately                       
    diluted by approximately 3.75 per cent. and the                           
    shareholding interest of Lawnside in the Company will                     
    be diluted correspondingly from approximately 28.44                       
    per cent. to approximately 27.38 per cent..                               
                                                                              
    The shareholding structure of the Company before and                      
    after the conversion of the Original Tranche 1 Bonds,                     
    the Tranche 2 Bonds and the Additional Tranche 1 Bonds                    
    and the exercise of Subscription Right in respect of                      
    the Original Tranche 1 Bonds, the Tranche 2 Bonds and                     
    the Additional Tranche 1 Bonds based on their                             
    respective Fixed Conversion Prices and the Relevant                       
    Exchange Rate will be as follows:                                         
                                                                              
            No. of Shares                                                     
    No. of Shares           held by CSFB                                      
    held by Lawnside                (assuming CSFB                            
    (assuming               has not disposed of                               
    Lawnside will not               any Shares received             No. of    
    Shares                                                                    
    acquire                 pursuant to             held by public            
    further Shares          such conversion or                                
            excluding CSFB                                                    
    Total no. of            and no further          exercise of               
    such            (assuming no further                                      
    issued Shares           Shares are issued) and                            
            Subscription Right) and                 Shares are issued)        
    and                                                                       
    (assuming no further            approximate percentage                    
            approximate percentage          approximate percentage            
    Shares are issued)              of shareholding         of                
    shareholding            of shareholding                                   
                                                                              
    As at the date of this announcement     1,232,597,251                     
            350,601,078             21,432,067              860,564,106