09:54     PERFECTECH INTL<00765> - Announcement (8)                           

    "Purchaser"        Freshwater Trading Limited, a company incorporated in  
    the British Virgin Islands and is an indirect wholly owned subsidiary of  
    the Company                                                               
                                                                              
    "Sale and Purchase Agreements"       the First View and Glennie           
    Agreement and the Great Venture Agreement                                 
                                                                              
    "Sale Shares"        F&G Sale Shares and GV Sale Shares, representing an  
    aggregate of 1,007,370 shares representing 41% of the issued share        
    capital of PIML, and "Sale Share" shall be construed accordingly          
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.01 each in the share capital  
    of the Company                                                            
                                                                              
    "Shareholder(s)"        shareholders of the Company                       
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Vendors"        First View, Glennie and Great Venture                    
                                                                              
    "HK$"        Hong Kong dollars, the lawful currency of Hong Kong          
                                                                              
    "%"        per cent.                                                      
    By order of the board of directors of                                     
    Perfectech International Holdings Limited                                 
    Poon Siu Chung                                                            
    Chairman                                                                  
    Hong Kong, 6 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board of Directors of the        
    Company are Mr. Poon Siu Chung, Mr. Leung Ying Wai, Charles, Mr. Ip Siu   
    On and Mr. Tsui Yan Lee, Benjamin as executive Directors; and Mr. Ng Siu  
    Yu, Larry, Mr. Lam Yat Cheong and Mr. Yip Chi Hung as independent         
    non-executive Directors, and Mr. Tong Wui Tung as non-executive           
    Director.