09:23     STOCKMARTNET<08123> - Announcement                                  

                                                                              
    Pursuant to Chapter 36 of the Rules Governing the                         
    Listing of Securities on the Growth Enterprise Market                     
    of The Stock Exchange of Hong Kong Limited ("GEM                          
    Listing Rules"), the Securities and Futures                               
    Commission (the "SFC") regulates Stockmartnet                             
    Holdings Ltd. ("Company") in relation to the listing                      
    of its shares on The Stock Exchange of Hong Kong                          
    Limited. The SFC 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.                   
    This announcement is for information purposes only                        
    and does not constitute an invitation or offer to                         
    acquire, purchase or subscribe for securities.                            
                                                                              
    This announcement, for which the directors of the                         
    Company (the "Directors") collectively and                                
    individually accept full responsibility, includes                         
    particulars given in compliance with the GEM Listing                      
    Rules for the purpose of giving information with                          
    regard to the Company. The Directors, having made all                     
    reasonable enquiries, confirm that, to the best of                        
    their knowledge and belief (i) the information in this                    
    announcement is accurate and complete in all material                     
    respects and not misleading; (ii) there are no other                      
    matters the omission of which would make any statement                    
    in this announcement misleading; and (iii) all                            
    opinions expressed in this announcement have been                         
    arrived at after due and careful consideration and                        
    are founded on bases and assumptions that are fair                        
    and reasonable.                                                           
                                                                              
    STOCKMARTNET HOLDINGS LTD.                                                
    (incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 8123)                                                        
                                                                              
    APPOINTMENT OF NEW DIRECTORS                                              
                                                                              
    The Board hereby announces that Mr. Richard Yingneng                      
    Yin and Dr. Seah Chin Yew have been appointed as                          
    executive Directors with effect from 11 May 2005.                         
                                                                              
    By Order of the Board                                                     
    Stockmartnet Holdings Limited                                             
    Seto John Gin Chung                                                       
    Chairman                                                                  
                                                                              
    Hong Kong, 11 May 2005                                                    
                                                                              
    The directors of Stockmartnet Holdings Limited                            
    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.                                
                                                                              
    The above announcement is a summary only. For the full                    
    version of this announcement, please refer to the                         
    "Latest Company Announcements" page on the GEM                            
    website of www.hkgem.com.