10:10     EZCOM HOLDINGS<00312> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completion 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.                                                     
                                                                              
    EZCOM HOLDINGS LIMITED                                                    
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 312)                                                         
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    The Company, Ezcom Technology Limited and Ezcom                           
    Electronics Limited, subsidiaries of the Company have                     
    received a writ of summons issued on 9 May 2005.                          
                                                                              
    Shareholders and potential investors of the Company                       
    are advised to exercise extreme caution when dealing                      
    in the Shares of the Company.                                             
                                                                              
    WRIT OF SUMMONS                                                           
    The board of directors of the Company (the "Board")                       
    informs the shareholders of the Company that, the                         
    Company, Ezcom Technology Limited and Ezcom                               
    Electronics Limited, subsidiaries of the Company,                         
    have received a writ of summons (the "Writ") dated                        
    9 May 2005 issued by CEIEC (H.K.) Limited in the High                     
    Court of Hong Kong Special Administrative Region,                         
    claiming outstanding sum amounted to US$3,009,482.88                      
    (approximately HK$23,473,966), in respect of letters                      
    of credits drawn by CEIEC (H.K.) Limited in relation                      
    to purchases of goods by Ezcom Technology Limited and                     
    Ezcom Electronics Limited, payment of which is                            
    guaranteed by the Company.                                                
                                                                              
    The Company is seeking legal advice in response to                        
    the Writ. The Company will keep the public informed                       
    as to the progress of the Writ and further                                
    announcement will be made as and when appropriate.                        
    No hearing date for the Writ is fixed yet.                                
                                                                              
    The Board would confirm that CEIEC (H.K.) Limited and                     
    its ultimate beneficial owners are not connected                          
    persons (as defined in the Listing Rules) of the                          
    Company and are independent of and not connected with                     
    any director, chief executive or substantial                              
    shareholder of the Company or any of its subsidiaries                     
    or any associate of any of them.                                          
                                                                              
    UNUSUAL MOVEMENTS IN PRICE AND TRADING VOLUME OF                          
    SHARES                                                                    
    This statement is made at the request of The Stock                        
    Exchange of Hong Kong Limited.                                            
                                                                              
    The Board has noted that there was decrease in price                      
    and increase of the trading volume of the shares of                       
    the Company on 11 May 2005 and wishes to state that,                      
    save as disclosed in this announcement, it is not                         
    aware of any reasons for such decrease in price and                       
    increase in trading volume.                                               
                                                                              
    The Board confirms that, save for (i) the announcement                    
    made by the Company on 28 April 2005 in relation to                       
    a writ of summons against Ezcom Technology Limited                        
    and Mr. Kok Kin Hok, an executive director of the                         
    Company and winding up petitions against Ezcom                            
    Technology Limited and the Company and (ii) the Writ                      
    as disclosed in this announcement, the Board is not                       
    aware of any matter discloseable under the general                        
    obligation imposed by Rule 13.09 of the Listing Rules,                    
    which is or may be of a price-sensitive nature and                        
    there are no negotiations or agreements relating to                       
    intended