09:50     SINOTRONICS<01195> - Announcement & Resumption (7)                  

        Total no. of issued Shares (assuming no further Shares are            
    issued)    No. of Shares held by Mr. Lin Wan Qaing (assuming Mr.          
    Lin Wan Qaing will not acquire further Shares and no further Shares       
    are issued) and approximate percentage of shareholding    No. of          
    Shares held by CSFB (assuming CSFB has not disposed of any Shares         
    received pursuant to such conversion or exercise of such                  
    Subscription Right)    No. of Shares held by public (assuming no          
    further Shares are issued) and approximate percentage of                  
    shareholding                                                              
                                                                              
    As at the date of this announcement    467,625,000    245,267,780         
    (52.45%)    ---    222,357,220  (47.55%)                                  
                                                                              
    Upon full conversion of the Original Tranche 1 Bonds and the              
    exercise in full of the Subscription Right in respect of the              
    Original Tranche 1 Bonds    561,150,000    245,267,780  (43.71%)          
    93,525,000  (16.67%)    222,357,220  (39.62%)                             
                                                                              
    The shareholding structure of the Company before and after the            
    conversion of the Additional Tranche 1 Bonds and the exercise of          
    Subscription Right in respect of the Additional Tranche 1 Bonds           
    based on the Fixed Conversion Price and the Relevant Exchange Rate        
    assuming that the Original Tranche 1 Bonds had been fully converted       
    and the Subscription Right in respect of the Original Tranche 1           
    Bonds had been fully exercised will be as follows:                        
                                                                              
        Total no. of issued Shares (assuming no further Shares are            
    issued)    No. of Shares held by Mr. Lin Wan Qaing (assuming Mr.          
    Lin Wan Qaing will not acquire further Shares and no further Shares       
    are issued) and approximate percentage of shareholding    No. of          
    Shares held by CSFB (assuming CSFB has not disposed of any Shares         
    received pursuant to such conversion or exercise of such                  
    Subscription Right)    No. of Shares held by public (assuming no          
    further Shares are issued) and approximate percentage of                  
    shareholding                                                              
                                                                              
    As at the date of this announcement    547,136,939    245,267,780         
    (44.83%)    79,511,939  (14.53%)    222,357,220  (40.64%)                 
                                                                              
    Upon full conversion of the Additional Tranche 1 Bonds (assuming          
    no Shares are issued pursuant to the exercise of the Subscription         
    Right in respect of the Additional Tranche 1 Bonds)    580,405,579        
    245,267,780  (42.26%)    112,780,579  (19.43%)    222,357,220             
    (38.31%)                                                                  
                                                                              
    Upon full conversion of the Additional Tranche 1 Bonds and the            
    exercise in full of the Subscription Right in respect of the              
    Additional Tranche 1 Bonds    586,892,908    245,267,780                  
    (41.79%)    119,267,908  (20.32%)    222,357,220  (37.89%)                
                                                                              
    The Company will make separate announcement(s) if the Additional          
    Tranche 1 Bonds are to be issued. To maintain the listing status          
    of the Shares, the Company will procure that not less than 25 per         
    cent. of the issued Shares, from time to time, will be held by the        
    public. As soon as the Company is aware that the public float falls       
    below 25 per cent. of the issued Shares, it will inform the Stock         
    Exchange and the public immediately and will take, and will procure       
    to take, all possible actions to maintain the public float not less       
    that 25 per cent. of the issued Shares.                                   
                                                                              
    As at the date of the announcement, there are outstanding options         
    to subscribe for an aggregate of 32,000,000 Shares granted under          
    the share option scheme of the Company approved on 9 January 2003.        
    Save as disclosed herein, the Company does not have any options or        
    convertible securities outstanding as at the date of the                  
    announcement.                                                             
                                                                              
    LISTING                                                                   
                                                                              
    No application will be made for the listing of, or permission to          
    deal in, the Bonds and the Subscription Right on the Stock Exchange       
    or any other stock exchange. Application will be made to the Listing      
    Committee of the Stock Exchange for the listing of, and permission        
    to deal in, the Shares to be issued upon conversion of the Original       
    Tranche 1 Bonds or upon exercise of the Subscription Right in             
    respect of the Original Tranche 1 Bonds.                                  
                                                                              
    DILUTION EFFECT ON SHAREHOLDERS                                           
                                                                              
    As the Company foresees the future dilution effect on the                 
    Shareholders resulting from the exercise of the conversion rights         
    attaching to the Original Tranche 1 Bonds and the Subscription Right      
    in respect of the Original Tranche 1 Bonds, the Company will keep         
    the Shareholders informed of the level of dilution effect and all         
    relevant details of any conversion and/or exercise of the relevant        
    Subscription Right in the following manner: