09:25     ITC CORPORATION<00372> - Announcement (2)                           

                                                                              
    Remittances for the amount representing the cash consideration            
    (after deducting the relevant seller's ad valorem stamp duty              
    payable) for the Acceptance Shares have been/will be posted to            
    the Trasy Shareholders who accepted the Share Offer by ordinary           
    post at their own risk within 10 days of the date of receipt              
    by the registrars of Trasy of all the relevant documents which            
    render such acceptances complete and valid.                               
                                                                              
    Public float                                                              
    Assuming that the transfer of the Acceptance Shares to the                
    Offeror has been completed and taking into account (i) the                
    1,391,430,000 Trasy Shares already held by the Offeror and                
    parties acting in concert with it prior to the commencement of            
    the Offers; and (ii) the 27,991,354 Trasy Shares (equivalent              
    to approximately 1.01% of the issued share capital of Trasy)              
    held by Mr. Chan Kee Chee, Keith, an executive director of Trasy,         
    as disclosed in the response document issued by Trasy on 11th             
    May, 2005, the public float of Trasy is 1,182,327,507 Trasy               
    Shares, representing approximately 42.54% of the issued share             
    capital of Trasy as at the date of this announcement.                     
                                                                              
    General                                                                   
    As at the date of this announcement, the Board comprises nine             
    Directors, of which (i) six are executive Directors, namely Dr.           
    Chan Kwok Keung, Charles, Mr. Lau Ko Yuen, Tom, Ms. Chau Mei              
    Wah, Rosanna, Mr. Chan Kwok Hung, Mr. Chan Fut Yan and Mr. Cheung         
    Hon Kit; and (ii) three are independent non-executive Directors,          
    namely Mr. Chuck Winston Calptor, Mr. Lee Kit Wah and Mr. Wong            
    Kam Cheong, Stanley.                                                      
                                                                              
    On behalf of the Board                                                    
    ITC Corporation Limited                                                   
    Law Hon Wa, William                                                       
    Company Secretary                                                         
                                                                              
    Hong Kong, 25th May, 2005                                                 
                                                                              
    The directors of the Offeror and ITC jointly and severally                
    accept full responsibility for the accuracy of the information            
    contained in this announcement (other than those relating to              
    Trasy), and confirm, having made all reasonable enquiries, that           
    to the best of their knowledge, opinions expressed in this                
    announcement (other than those relating to Trasy) have been               
    arrived at after due and careful consideration and there are              
    no other facts (other than those relating to Trasy) not                   
    contained in this announcement, the omission of which would               
    make any statement in this announcement misleading.                       
                                                                              
    The information relating to Trasy contained in this                       
    announcement has been taken from Trasy's response document                
    dated 11th May, 2005. The only responsibility accepted by the             
    directors of the Offeror and ITC in respect of information                
    relating to Trasy is to ensure that it has been correctly and             
    fairly reproduced or presented.