09:08     CSMC<00597> - 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.               
                                                                              
                                                                              
                                                                              
    CSMC TECHNOLOGIES CORPORATION                                             
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 597)                                                         
                                                                              
    RESULT OF THE ANNUAL GENERAL MEETING                                      
    RELATING TO ADOPTION OF SHARE OPTION SCHEME                               
                                                                              
                                                                              
    The Board is pleased to announce that the ordinary resolution             
    approving the Scheme has been duly passed at the AGM of the Company       
    held on 27 May 2005.                                                      
                                                                              
                                                                              
    Reference is made to the Notice of Annual General Meeting dated 4         
    April 2005 and the circular also dated 4 April 2005 (the `Circular')      
    in relation to, inter alia, the adoption of the share option scheme       
    (the `Scheme').                                                           
                                                                              
    The board (the `Board') of directors of the Company is pleased to         
    announce that at the AGM held on 27 May 2005, the ordinary resolution     
    for approving the adoption of the Scheme was duly passed by the           
    shareholders of the Company.                                              
                                                                              
    The Scheme will come into effect upon the Stock Exchange granting         
    approval for the listing of and permission to deal in any Shares          
    which may fall to be issued pursuant to the exercise of any options       
    under the Scheme.                                                         
                                                                              
                                   By order of the Board                      
                                   Peter CHEN Cheng-yu                        
                                   Chairman                                   
                                                                              
                                                                              
    Hong Kong 27 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board comprises the              
    following executive Directors: Mr. Peter CHEN Cheng-yu, Mr. Robert        
    LEE Naii and Mr TSAI Nein-nan; the following non-executive Directors:     
    Mr. ONG Thiam Kin, Mr. YU Yu and Mr CHEN Nan-xiang; and the following     
    independent non-executive Directors: Ms. Kum Loon OON, Mr. Ralph          
    Sytze YBEMA and Mr. Mark HSUE Chi Nan.