10:34 NIPPON ASIA INV<00603> & <02970> - Announcement The Stock Exchange of Hong Kong Limited 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. Nippon Asia Investments Holdings Limited * (Incorporated in Bermuda with limited liability) (Stock code: 603) CHANGE IN EXPECTED TIMETABLE OF PARALLEL TRADING, MATCHING SERVICES FOR SALE AND PURCHASE OF ODD LOTS OF NEW SHARES AND ARRANGEMENT OF FREE EXCHANGE OF NEW SHARE CERTIFICATES CHANGE IN EXPECTED TIMETABLE OF PARALLEL TRADING, MATCHING SERVICES FOR SALE AND PURCHASE OF ODD LOTS OF NEW SHARES AND ARRANGEMENT OF FREE EXCHANGE OF NEW SHARE CERTIFICATES In view of the suspension of trading in the shares of the Company, the parallel trading, the matching services for sale and purchase of odd lots of the New Shares and the arrangement of free exchange of new share certificates will be extended and the expected timetable for parallel trading of the New Shares will be amended accordingly. Further announcement will be made on the revised timetable regarding the parallel trading, the matching services for sale and purchase of odd lots of the New Shares and the arrangement of free exchange of new share certificates. SUSPENSION OF TRADING At the request of the Company, trading in the shares on the Stock Exchange was suspended from 9:30 a.m. on 26 April 2005. The trading in the shares of the Company will be further suspended pending the release of the announcement regarding, amongst others, the proposed issue of Convertible Notes. References are made to the expected timetables contained in the Company's announcement dated 7 March 2005 and circular dated 11 March 2005 ("Circular") in respect of the Capital Reorganisation and change in board lot size, the parallel trading, the matching services for sale and purchase of odd lots of the New Shares and the arrangement of free exchange of new share certificates. Unless otherwise stated, terms used herein shall have the same meaning as those defined in the Circular. CHANGE IN EXPECTED TIMETABLE OF PARALLEL TRADING, MATCHING SERVICES FOR SALE AND PURCHASE of ODD LOTS OF New SHARES AND ARRANGEMENT OF FREE EXCHANGE OF NEW SHARE CERTIFICATES The parallel trading in the New Shares (in the form of existing and new share certificates) and matching services for sale and purchase of odd lots of the New Shares will originally cease after the close of business on 12 May 2005, while the free exchange of new share certificates will originally cease after the close of business on 18 May 2005. In view of the suspension of trading in the shares of the Company since 26 April 2005, the parallel trading, the matching services for sale and purchase of odd lots of the New Shares and the arrangement of free exchange of new share certificates will be extended to the dates by the number of days that the trading of shares has been suspended. Further announcement will be made on the revised timetable regarding the parallel trading, the matching services for sale and purchase of odd lots of the New Shares and the arrangement of free exchange of new share certificates. SUSPENSION OF TRADING At the request of the Company, trading in the shares on the Stock Exchange was suspended from 9:30 a.m. on 26 April 2005. The trading in the shares of the Company will be further suspended pending the release of the announcement regarding, amongst others, the proposed issue of Convertible Notes. As at the date of this announcement, the Board comprises six executive Directors, namely Mr Wong Kui Shing, Danny, Mr Masanori Suzuki, Mr Eiji Sato, Mr Wong King Shiu, Daniel, Mr Kan Kwok Shu and Mr Lin Che Chu, George; and three independent non-executive Directors, namely Mr Cheung Man Yau, Timothy, Mr Chuk Che Shing and Mr Kim Kwi Nam, Takao. By Order of the Board Nippon Asia Investments Holdings Limited Wong Kui Shing, Danny Chairman Hong Kong, 11 May 2005 * for identification purposes only