11:11 Exotic Warrant Information (11) The Exchange endeavours to ensure the accuracy and reliability of the information provided, but does not guarantee its accuracy 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 the information relating to exotic warrants. Investors are reminded to refer to the related warrant listing documents for details of the terms and conditions of the warrant. Stock Code (List Date) Salient Features -------------- ------------------------------------------------------ 9123 European-style Average Return Call Warrants 10/6/2004 May only be exercised on 3/6/2005 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 2nd September 2004, 2nd December 2004, 3rd March 2005 and 3rd June 2005 9124 European-style Average Return Call Warrants 10/6/2004 May only be exercised on 16/6/2005 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 6th September 2004, 9th December 2004, 14th March 2005 and 16th June 2005 9756 European-style Average Return Call Warrants 11/6/2004 May only be exercised on 3/6/2005 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 3rd September 2004, 3rd December 2004, 4th March 2005 and 3rd June 2005 9791 European-style Average Return Call Warrants 11/6/2004 May only be exercised on 3/6/2005 Cash Settlement Amount is the sum of all Periodic Reference Prices divided by the number of Periodic Fixing Dates, less the Exercise Price and the Exercise Expenses. The Periodic Reference Price in respect of each Periodic Fixing Date is the arithmetic mean of the closing price of one underlying share on the five business days immediately preceding the relevant Periodic Fixing Date. The Periodic Fixing Dates are 3rd September 2004, 3rd December 2004, 4th March 2005 and 3rd June 2005 "Offeror" Geely Group Limited (formerly known as Sapient Group Limited), a company incorporated on 1 December 2003 in the British Virgin Islands with limited liability and which is beneficially owned as to 100% by Mr. Li "Options" employee share options granted by the Company to subscribe for new Shares "Optionholder" Mr. Ang Siu Lun, Lawrence, an executive Director, interested in 35 million Options "PG Shares" 68 shares in Proper Glory, representing 68% of the issued share capital of Proper Glory "PRC" the People's Republic of China "Proper Glory" Proper Glory Holding Inc., a company incorporated in the British Virgin Islands with limited liability, is the controlling Shareholder interested in approximately 60.68% in the issued share capital of the Company as at the date of this announcement, and was in turn owned as to 32% by the Offeror, 32% by Mr. He, 28% by Fortune Door and 8% by Venture Link. "Shanghai Maple JV" Shanghai Maple Guorun Automobile Co Ltd, a sino-foreign joint venture company incorporated in the PRC, and owned as to 46.8% by the Company and 53.2% by Zhejiang Geely Holding Limited (a company incorporated in the PRC, and is ultimately owned by Mr. Li and his associates) "Share(s)" share(s) of HK$0.02 each in the issued share capital of the Company "Shareholders" holders of Shares "Share Offer Price" HK$0.09 per Share payable under the Offer "Share Transfer the conditional agreement for the sale and purchase of the PG Shares Agreement" dated 6 May 2005 between the Offeror and the Vendors "Stock Exchange" The Stock Exchange of Hong Kong Limited "Supply Agreement" the master supply agreement dated 6 May 2005 entered into between Fulin Guorun and Zhejiang Geely JV for the sale and purchase of automobile parts and components "Takeovers Code" The Code on Takeovers and Mergers of Hong Kong "Vendors" Mr. He, Fortune Door and Venture Link "Venture Link" Venture Link Assets Limited, one of the Vendors interested in 8% of the issued share capital of Proper Glory prior to Completion, is a private company incorporated in the British Virgin Islands with limited liability and is wholly owned by Mr. Zhou Teng, an executive Director "Zhejiang Geely JV" Zhejiang Geely Automobile Co Ltd, a sino-foreign joint venture company incorporated in the PRC, and owned as to 46.8% by the Company and 53.2% by Zhejiang Geely Holding Limited (a company incorporated in the PRC, and is ultimately owned by Mr. Li and his associates) "%" per cent. As at the date of this announcement, the executive Directors are Messrs. He Xuechu, Xu Xing Yao, Ang Siu Lun, Lawrence, Ku Wai Kwan, Zhou Teng, Nan Yang, Zhang Zhe and Wong Hing Kwok and the independent non-executive directors are Messrs. Song Lin and Lee Cheuk Yin, Dennis. By order of the Board By order of the Board Geely Group Limited Geely Automobile Holdings Limited Li Shu Fu He Xuechu Director Chairman Hong Kong, 10 May 2005 The sole director of the Offeror accept full responsibility for the accuracy of the information (other than information relating to the Group) contained in this announcement and confirm, having made all reasonable enquiries, that to the best of his knowledge, opinions expressed in this announcement (other than opinions expressed by the Group) 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 statements in this announcement