09:26     CHAMPION TECH<00092> - 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.                                                     
                                                                              
    CHAMPION TECHNOLOGY HOLDINGS LIMITED                                      
    (an exempted company in Bermuda with limited                              
    liability)                                                                
    (the "Company")                                                           
    Stock Code: 92                                                            
                                                                              
    ISSUE OF US$8,000,000 1.5 PER CENT.                                       
    UNLISTED AND UNSECURED CONVERTIBLE BONDS DUE 2005                         
    - ADDITIONAL TRANCHE 1                                                    
                                                                              
    Reference is made to the Company's announcements                          
    dated 23 May 2002, 26 September 2003 and 28 April 2005                    
    respectively.                                                             
                                                                              
    Reference is made to the announcements issued by the                      
    Company dated 23 May 2002, 26 September 2003 and 28                       
    April 2005 respectively (the "Announcements") in                          
    respect of, among others, the issue of the Additional                     
    Tranche 1 Bonds. Terms defined in the Announcements                       
    shall have the same meanings when used herein unless                      
    the context otherwise requires or otherwise defined.                      
                                                                              
    The terms of the Additional Tranche 1 Bonds provide                       
    that if at any time during the relevant conversion                        
    period, the closing price per Share is, subject to                        
    adjustment, less than or equal to the Downside Price                      
    on a business day, the Company may redeem the                             
    Additional Tranche 1 Bonds presented for conversion                       
    on the immediate following date in cash in an amount                      
    equal to the Redemption Amount (to be calculated in                       
    accordance with the formula set out below) plus all                       
    the interest accrued on the Additional Tranche 1 Bonds                    
    presented for conversion to the date of redemption.                       
                                                                              
    The formula P + [8% x P x (D/365)] will be applied                        
    for the calculation of the Redemption Amount, where                       
    "D" means, in respect of the Additional Tranche 1                         
    Bonds, the number of days elapsed from (and including)                    
    the Additional Tranche 1 Bonds Closing Date to (and                       
    including) the date of redemption of the Additional                       
    Tranche 1 Bonds; and "P" means the principal amount                       
    of the Additional Tranche 1 Bonds.                                        
                                                                              
    By Order of the Board                                                     
    Lai Yat Kwong                                                             
    Director                                                                  
                                                                              
    Hong Kong, 13 May 2005                                                    
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr Paul Kan Man Lok, Mr                      
    Leo Kan Kin Leung and Mr Lai Yat Kwong; the                               
    non-executive director is Ms Shirley Ha Suk Ling; and                     
    the independent non-executive directors are Mr Terry                      
    John Miller, Mr Francis Gilbert Knight, Professor                         
    Liang Xiong Jian, Professor Ye Pei Da and Mr Frank                        
    Bleackley.