09:30     E2-CAPITAL<00378> - Announcement & Resumption (8)                   

    investment holding, property development, consulting,                     
    marketing and technology services, direct                                 
    investments, and industrial and management                                
    operations.                                                               
                                                                              
    Upon execution of the Indemnity and the                                   
    Counter-indemnities, details of the Indemnity and the                     
    Counter-indemnities will be disclosed in the next                         
    published annual reports and accounts of the Company                      
    in accordance with Rule 14A.45 to 14A.47 of the                           
    Listing Rules. Disclosure will also be included in                        
    the interim and annual reports of the Company                             
    according to Rule 13.22 of the Listing Rules for so                       
    long as the obligation continues to exist.                                
                                                                              
    The Company will despatch to the Shareholders as soon                     
    as practicable a circular containing, among others,                       
    further information in respect of the above pursuant                      
    to Chapters 14 and 14A of the Listing Rules, the                          
    recommendation of the Independent Board Committee,                        
    a letter of advice from an independent financial                          
    adviser and a notice for convening the SGM. The votes                     
    of the Independent Shareholders at the SGM will be                        
    taken by way of a poll. To the best knowledge and belief                  
    of the Directors, Mr. Wong, Softbank and their                            
    respective associates will be required to abstain                         
    from voting at the SGM.                                                   
                                                                              
    At the request of the Company, trading in the Shares                      
    on the Stock Exchange was suspended with effect from                      
    2:30 p.m. on 25th May, 2005 pending release of this                       
    announcement. An application has been made by the                         
    Company for the resumption of trading in the Shares                       
    on the Stock Exchange with effect from 9:30 a.m. on                       
    30th May, 2005.                                                           
                                                                              
    DEFINITIONS                                                               
    "associates"    shall have the meaning as defined in                      
    the Listing Rules                                                         
                                                                              
    "Bank"  an authorized banking institution in Hong                         
    Kong or Singapore which will provide the Guarantee                        
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Capital Markets Services Licence"      a licence                         
    granted by the MAS to conduct the regulated activities                    
    of dealing in securities and advising on corporate                        
    finance under the Securities and Futures Act of                           
    Singapore                                                                 
                                                                              
    "Company"       E2-Capital (Holdings) Limited, a company                  
    incorporated under the laws of Bermuda with limited                       
    liability, the issued shares of which are listed on                       
    the main board of the Stock Exchange                                      
                                                                              
    "Counter-indemnities"   the two counter-indemnities                       
    to be given by Softbank and Mr. Wong in favour of the                     
    Company in relation to 29.4% and 1.2% respectively                        
    of any amount paid out by the Company pursuant to the                     
    Indemnity                                                                 
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Guarantee"     the guarantee to be provided by a Bank in                 
    favour of the MAS on behalf of SBSA Securities                            
                                                                              
    "Guaranteed Amount"     an amount of not more than S$25                   
    million (equivalent to approximately HK$118.75                            
    million) pursuant to the Guarantee                                        
                                                                              
    "HK$"   Hong Kong dollars, being the lawful currency of                   
    Hong Kong