09:53     INNO-TECH HOLD<08202> - Announcement                                

    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.               
                                                                              
    INNO-TECH HOLDINGS LIMITED                                                
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 8202)                                                        
                                                                              
    COMPLETION OF SUBSCRIPTION OF 42,000,000 SHARES                           
                                                                              
    The Board wishes to announce that completion of the subscription of       
    42,000,000 Shares pursuant to the Subscription Agreements have taken      
    place on 29 April 2005.                                                   
                                                                              
    By order of the Board                                                     
    Inno-Tech Holdings Limited                                                
    Wong Yuen Yee                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 29 April 2005                                                  
                                                                              
    This announcement, for which the directors of Inno-Tech Holdings          
    Limited (the "Company") (the "Directors") collectively and                
    individually accept full responsibility, includes particulars given       
    in compliance with the Rules Governing the Listing of Securities on       
    the Growth Enterprise Market of The Stock Exchange of Hong Kong           
    Limited for the purpose of giving information with regard to the          
    Company. The Directors, having made all reasonable enquiries,             
    confirm that, to the best of their knowledge and belief: (1) the          
    information contained in this announcement is accurate and complete       
    in all material respects and not misleading; (2) there are no other       
    matters the omission of which would make any statement in this            
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful                   
    consideration  and are founded on bases and assumptions that are          
    fair and reasonable.                                                      
                                                                              
    The above announcement is a summary only. For the full version of         
    this announcement, please refer to the "Latest Company                    
    Announcements" page on the GEM website of http://www.hkgem.com.