09:14 UNITED POWER<00674> - Unusual price & volume movements The Stock Exchange has received a message from United Power Investment Limited which is reproduced as follows:- "This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted today's increases in the price and trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23, neither is the board aware of any matter discloseable under the general obligation imposed by rule 13.09, which is or may be of a price sensitive nature. As at the date of this announcement, the executive directors of the Company are Messrs. Yeung Chi Hang, Ma Shuk Kam, Liu Yu Mo, Yeung Kit Yu, Kitty, Au Edmond Wah, Chung Siu Wah and Chik To Pan, and the independent non-executive directors are Messrs. Chan Lai Mei, Lee Wai Loun and Lee Yuk Sang, Angus. Made by the order of the board of the Company the directors of which individually and jointly accept responsibility for the accuracy of this statement. By order of the Board Liu Yu Mo Director Hong Kong, 4th May, 2005" 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. CHINA SCI-TECH HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 985) ANNOUNCEMENT DEFERRAL OF DESPATCH OF CIRCULAR IN RESPECT OF VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION - INCREASE OF CAPITAL IN SHIJIAZHUANG SHUANGHUAN AUTOMOBILE COMPANY LIMITED Despatch of the Circular to Shareholders will be deferred as the Company requires more time to finalize certain financial information of Shuanghuan to be included in the Circular. It is currently expected that the Circular will be despatched to the Shareholders on or before 25 May, 2005. Reference is made to the announcement of China Sci-Tech Holdings Limited (the `Company') dated 13 April, 2005 (the `Announcement') in respect of the Capital Increase (as defined in the Announcement). Unless the context requires otherwise, terms and expressions used herein shall have the same meaning as those defined in the Announcement. Reference is also made to the circular of the Company dated 31 December, 2004 regarding the acquisition of the entire issued share capital of Tian Yang which holds 25% interest of Shuanghuan. The financial information of Shuanghuan for the six months ended 30 June, 2004 was disclosed in the circular of the Company dated 31 December, 2004. Given that the financial information of Shuanghuan for the year ended 31 December, 2004 will be included in the circular in respect of the Capital Increase (`the `Circular'), the auditors of the Company visited Shuanghuan in Shijiazhuang for carrying out the audit work and updating the financial information of Shuanghuan for the year ended 31 December, 2004 following the issue of the Announcement. The Company and its auditors will require more time to finalize certain financial information of Shuanghuan to be included in the Circular. Pursuant to Rule 14.38 and Rule 14A.49 of the Listing Rules, the Circular is required to be despatched to the Shareholders within 21 days after the publication of the Announcement, being no later than 4 May, 2005. In view of the above, the Directors consider that despatch of the Circular will have to be deferred. The Company has applied for a waiver from the strict compliance with Rule 14.38 and Rule 14A.49 of the Listing Rules for an extension for the despatch of the Circular. It is currently expected that the Circular will be despatched to the Shareholders on or before 25 May, 2005. As at the date of this announcement, the executive Directors are Mr. Chiu Kong (Chairman), Mr. Kwan Kam Hung, Jimmy, Mr. Hui Richard Rui and Mr. Wang Guangtian and the independent non-executive directors are Mr. Miu Frank H., Mr. Yu Pan and Ms. Tong So Yuet. By order of the board of China Sci-Tech Holdings Limited Hui Richard Rui Director Hong Kong, 4 May, 2005