11:19 START TECH<00706> - Announcement & Resumption of Trading (7) "Fuqing Plastics" * (Fuqing Fujie Plastics Co., Ltd.), a wholly foreign-owned enterprise established in the PRC and owned as to 39% by Star-Tech (Fujian), 26% by Chatex and 35% by Batco before the completion of the Disposal "Fuzhou Plastics" * (Fuzhou Roong Thavorn Plastics Co., Ltd.), a limited liability company established in the PRC and owned as to 16.25% by Chatex, 8.75% by Batco and 75% by Fuqing Plastics before the completion of the Disposal "GAAP" generally accepted accounting principles "Group" the Company and its subsidiaries "HK$" Hong Kong dollars, the lawful currency of Hong Kong "Hong Kong" the Hong Kong Special Administrative Region of the PRC "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Memorandum of Understanding" the memorandum of understanding dated 23 March 2005 and entered into between the Company and Smart Eastern in relation to a possible disposal of the Group's interests in the Plastics Companies to the Smart Eastern "Plastics Companies" collectively, Fuqing Plastics, Fuzhou Plastics and Wuhan Plastics "PRC" the People's Republic of China "RMB" Renminbi yuan, the lawful currency of the PRC "Smart Eastern" Smart Eastern International Limited (*), a company incorporated in the British Virgin Islands and wholly owned by two individuals who are third parties independent of the Group and connected persons (within the meaning of the Listing Rules) of the Group "Start-Tech (Fujian)" * (Start-Tech (Fujian) Software and System Co., Ltd.), a wholly-owned subsidiary of the Company "Stock Exchange" The Stock Exchange of Hong Kong Limited "Wuhan Plastics" * (unofficial English translation being Wuhan Fujie Plastics Co., Ltd.), a limited liability company established in the PRC and owned as to 16.25% by Chatex, 8.75% by Batco and 75% by Fuqing Plastics before the completion of the Disposal "%" per cent. In this announcement, for purpose of illustration only, amounts quoted in RMB have been converted into HK dollars at the rate of RMB1.06 to HK$1.00. Such exchange rate has been used, where applicable, for purposes of illustration only and does not constitute a representation that any amounts were or may have been exchanged at this or any other rates or at all. As at the date of this announcement, the Directors are as follows: Executive Directors Sze Wai, Marco, Chu Chi Shing,