10:04     CAPITAL STRAT<00497> - Announcement (2)                             

    Completion of the Subscription Agreements and the Placing Agreement       
    will take place within 10 business day after the date when all            
    conditions set out therein are satisfied.                                 
                                                                              
            By Order of the Board                                             
            Capital Strategic Investment Limited                              
            Ma Wai Man, Catherine                                             
            Company Secretary                                                 
                                                                              
    Hong Kong, 6 May 2005                                                     
                                                                              
    As at the date of this announcement, Dato' Choo Yeow Ming and Ms. Ma      
    Wai Man, Catherine are the executive Directors; Mr. Chung Cho Yee,        
    Mico is a non-executive Director; and Mr. Liu Yeau-Hwan, Pete, Dato'      
    Wong Sin Just, Dr. Lam Lee G. and Mr. Cheng Yuk Wo are the independent    
    non-executive Directors.                                                  
                                                                              
    The Directors jointly and severally accept full responsibility for the    
    accuracy of the information contained in this announcement and            
    confirm, having made all reasonable enquiries, that to the best of        
    their knowledge, opinions expressed in this announcement have been        
    arrived at after due and careful consideration and there are no other     
    facts not contained in this announcement, the omission of which would     
    make any statement in this announcement misleading.