09:32 COMPUTECH<08081> - Announcement (1) This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities. 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. Computech Holdings Limited (Incorporated in the Cayman Islands with limited liability) Stock Code: 8081 RESULTS OF THE RIGHTS ISSUE INSUFFICIENT PUBLIC FLOAT Financial advisors to the Company ALTUS CAPITAL LIMITED The Board wishes to announce that as at 4:00 p.m. on Monday, 25 April 2005, being the latest time for acceptance and payment of the Rights Shares and the latest time for application and payment of the excess Rights Shares, 4 valid PALs have been received for an aggregate of 145,669,990 Rights Shares and 2 valid EAFs have been received for an aggregate of 1,581,999 excess Rights Shares. On the basis of an aggregate of 147,251,989 Rights Shares and excess Rights Shares being applied for, approximately 61.4% of the total number of 240,000,000 Rights Shares under the Rights Issue were applied for by the Qualifying Shareholders. The Rights Issue has become unconditional at 4:00 p.m. on Tuesday, 3 May 2005. Shares certificates for the fully-paid Rights Shares in respect of valid acceptances of provisional allotments and successful applications for excess Rights Shares will be despatched by ordinary post to those entitled thereto at their own risk on Monday, 9 May 2005. As a result of the under-subscription of the Rights Shares and pursuant to the Underwriting Agreement, the Underwriter has performed its obligation under the Underwriting Agreement to subscribe for the remaining balance of 92,748,011 Rights Shares (representing approximately 38.6% of the total number of Rights Shares) at the subscription price of HK$0.02 per Rights Share. This has resulted in Aplus, being the Underwriter, to be interested in 356,124,011 Shares upon completion of the Rights Issue, representing approximately 74.2% of the issued share capital of the Company as enlarged by the Rights Issue. The public float of the Company (excluding the interest of Aplus of approximately 74.2% and Hitachi of 12.5%) will therefore be approximately 13.3% immediately after completion of the Rights Issue, which is less than the minimum public float requirement of the Company of 20% pursuant to Rule 11.23 of the GEM Listing Rules. In view of the above, the public float will decrease to approximately 13.3% on Monday, 9 May 2005. The Company and Aplus will take appropriate steps to restore the minimum public float of the Company in compliance with the GEM Listing Rules. The Company will hold a meeting of the Board to approve the financial results for the first quarter ended 31 March 2005 on Thursday, 12 May 2005. Pursuant to Rule 5.56 of the GEM Listing Rules, directors' dealing in shares of the issuer is prohibited during the period commencing one month immediately preceding the earlier of (a) the date of the board meeting for the approval of the issuer's financial results; or (b) the deadline for the issuer to publish an announcement of its financial results. Aplus is an associate of Mr. Lo and Mr. Fung, both being Directors. Consequently, appropriate actions to restore the minimum public float by the placing of the existing Shares by Aplus can only be conducted after the announcement of the aforesaid financial results which is expected to be on Thursday, 12 May 2005.