09:21     CHINA SCI-TECH<00985> - 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.               
                                                                              
                                                                              
    CHINA SCI-TECH HOLDINGS LIMITED                                           
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 985)                                                         
                                                                              
    ANNOUNCEMENT                                                              
    DEFERRAL OF DESPATCH OF CIRCULAR                                          
    IN RESPECT OF VERY SUBSTANTIAL ACQUISITION                                
    AND CONNECTED TRANSACTION                                                 
    - INCREASE OF CAPITAL IN SHIJIAZHUANG SHUANGHUAN                          
    AUTOMOBILE COMPANY LIMITED                                                
                                                                              
                                                                              
    Despatch of the Circular to Shareholders will be further                  
    deferred. After publication of the announcement dated 4 May 2005, the     
    Company commenced to finalize certain financial information of the        
    enlarged group of companies which are to be included in the Circular.     
    However, as the financial information had to be confirmed and             
    finalized, it was only available at a late stage and the independent      
    financial adviser is only able to prepare its advice recently.            
                                                                              
    It is currently expected that the Circular will be despatched to the      
    Shareholders on or before 3 June, 2005.                                   
                                                                              
                                                                              
    Reference is made to the announcement of China Sci-Tech Holdings          
    Limited (the `Company') dated 13 April 2005 (the `Announcement') in       
    respect of the Capital Increase (as defined in the Announcement).         
    Unless the context requires otherwise, terms and expressions used         
    herein shall have the same meaning as those defined in the                
    Announcement.                                                             
                                                                              
    Pursuant to Rule 14.38 and Rule 14A.49 of the Listing Rules, the          
    Circular is required to be despatched to the Shareholders within 21       
    days after the publication of the Announcement, being no later than 4     
    May 2005. On 4 May 2005, the Company issued an announcement informing     
    its shareholders that it has applied to the Stock Exchange for an         
    extension for the despatch of the Circular to the Shareholders on or      
    before 25 May 2005. After publication of the announcement dated 4 May     
    2005, the Company commenced to finalize certain financial information     
    of the enlarged group of companies which are to be included in the        
    Circular. However, as the financial information had to be confirmed       
    and finalized, it was only available at a late stage and the              
    independent financial adviser is only able to prepare its advice          
    recently.                                                                 
                                                                              
    In view of the above, the Directors consider that despatch of the         
    Circular will have to be further deferred. The Company has applied        
    for a waiver from the strict compliance with Rule 14.38 and Rule          
    14A.49 of the Listing Rules for a further extension for the despatch      
    of the Circular. It is currently expected that the Circular will be       
    despatched to the Shareholders on or before 3 June 2005.                  
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    Chiu Kong (Chairman), Mr. Kwan Kam Hung, Jimmy, Mr. Hui Richard Rui       
    and Mr. Wang Guangtian and the independent non-executive directors        
    are Mr. Miu Frank H., Mr. Yu Pan and Ms. Tong So Yuet.                    
                                                                              
    By order of the board of                                                  
    China Sci-Tech Holdings Limited                                           
    Hui Richard Rui                                                           
    Director                                                                  
                                                                              
    Hong Kong, 24 May 2005