09:22     CARDLINK TECH<08066> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    content 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.                   
                                                                              
    CARDLINK TECHNOLOGY GROUP LIMITED                                         
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8066)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    The Company has been informed by Carkey Limited that, on 20 May 2005,     
    it disposed of 22,500,000 shares of the Company, representing             
    approximately 7.03% of the entire issued share capital of the Company,    
    at approximately HK$0.165 per share off the market to Giant               
    International Asset Group Ltd., an Independent Third Party.               
                                                                              
    Carkey Limited has ceased to be the controlling shareholder but remains   
    as the single largest shareholder of the Company interested in 25.25%     
    of the issued share capital of the Company immediately after the          
    Disposal. Carkey Limited is wholly-owned by Mr. Wong Hon Sing, an         
    executive director of the Company.                                        
                                                                              
    Potential investors and shareholders of the Company are advised to        
    exercise caution when dealing in the shares of the Company.               
                                                                              
    By Order of the Board                                                     
    Wong Hon Sing                                                             
    Director                                                                  
                                                                              
    Hong Kong, 20 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises four executive   
    Directors, Mr. Wong Chi Ming (Chairman), Mr. Fung Wing Mou, Bernard,      
    Mr. Ho Lut Wa, Anton and Mr. Wong Hon Sing, and three independent         
    non-executive Directors, Ms. Wong Ka Wai, Jeanne, Mr. Leung Ka Kui,       
    Johnny, and Mr. Wong Wai Kwong, David.                                    
                                                                              
    This announcement, for which the directors of the Company collectively    
    and individually accept full responsibility, includes particulars given   
    in compliance with the Rules Governing the Listing of Securities on the   
    Growth Enterprise Market of the Stock Exchange for the purpose of         
    giving information with regard to the Company. The Directors, having      
    made all reasonable enquiries, confirm that, to the best of their         
    knowledge and belief: (1) the information contained in this               
    announcement is accurate and complete in all material aspects and not     
    misleading; (2) there are no other matters the omission of which would    
    make any statement in this announcement misleading; and (3) all           
    opinions expressed in this announcement have been arrived at after due    
    and careful consideration and are founded on bases and assumptions that   
    are fair and reasonable.                                                  
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the open code "Latest Company               
    Announcements" page on the GEM website at www.hkgem.com.