10:55     HANTEC INV HOLD<00111> - Announcement (3)                           

    In addition, Taiwan's financial market has been gradually                 
    opened up and the types of financial products are increasing,             
    which the Directors expect will provide further opportunities             
    to the Group. Notwithstanding the loss-making track record of             
    Fulland and in view of the positive market trend together                 
    with the Company's knowledge and experience in Taiwan gained              
    from its operation and management of Fulland, therefore the               
    Directors expect that the Acquisition will be beneficial to               
    the business of the Group. The Acquisition is in line with                
    the Group's intention to expand market presence in overseas               
    market. As a result of the Acquisition, Fulland will become               
    an indirect wholly owned subsidiary of the Company and the                
    Group will have absolute control over the management and the              
    development plan of Fulland. The Company intends to devise                
    additional development plans for Fulland such as expansion of             
    its existing securities advisory license to engaging into                 
    other financial advisory business, subject to government                  
    approvals of Taiwan.                                                      
                                                                              
    Moreover, the Company's representative office in Taiwan will              
    be relocated to share office with Fulland in order to                     
    centralize the Group's operations in Taiwan, enhance                      
    operational efficiency and reduce operating cost in the long              
    run. The Company also intends to change the name of Fulland               
    to *(Hantec Fulland                                                       
    Securities Consultant Company Limited), subject to government             
    approvals of Taiwan, so as to enhance the Group's brand                   
    awareness in Taiwan.                                                      
                                                                              
    The Directors (including the independent non-executive                    
    Directors) are of the view that terms of the Sales and                    
    Purchase Agreement are normal commercial terms agreed after               
    an arm's length negotiations between the parties, and                     
    entering into the agreement is in the ordinary and usual                  
    course of business of the Company, fair and reasonable and in             
    the interests of the Company and the Shareholders as a whole.             
                                                                              
    GENERAL                                                                   
    Entering into the Sales and Purchase Agreement constitutes a              
    connected transaction of the Company under the Listing Rules,             
    as Ms. Chang is a substantial shareholder owning 30%                      
    shareholdings of Fulland. As the consideration for the Sale               
    Shares is less than HK$10,000,000 and the relevant applicable             
    percentage ratios are less than 2.5%, the Sales and Purchase              
    Agreement is subject to the reporting and announcement                    
    requirements set out in rules 14A.45 to 14A.47 of the Listing             
    Rules and is exempt from the independent shareholders'                    
    approval requirements set out in rule 14A.48 of the Listing               
    Rules.                                                                    
                                                                              
    DEFINITIONS                                                               
    "Acquisition"   the acquisition of the Sale Shares                        
                                                                              
    "associates"   has the meaning ascribed to it in the Listing              
    Rules                                                                     
                                                                              
    "Company"   Hantec Investment Holdings Limited, a company                 
    incorporated in Bermuda with limited liability, the shares of             
    which are listed on the Stock Exchange                                    
                                                                              
    "connected person(s)"   has the meaning ascribed to it in the             
    Listing Rules                                                             
                                                                              
    "Directors"   director(s) of the Company                                  
                                                                              
    "Fulland"   *(Fulland                                                     
    Securities Consultant Company Limited), a company                         
    incorporated in Taiwan with limited liability, being a 70%                
    owned subsidiary of the Company prior to the Acquisition                  
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Hantec Taiwan"   Hantec Taiwan Investments Limited, a                    
    company incorporated in Hong Kong with limited liability,                 
    being an indirect wholly owned subsidiary of the Company                  
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region of              
    the People's Republic of China                                            
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "independent third parties"   persons who, to the best of the             
    Directors' knowledge, information and belief, having made all             
    reasonable enquiries, are not connected persons of the                    
    Company and its subsidiaries, its directors, chief executive              
    or substantial shareholders or their respective associates