09:37     SANDMARTIN INTL<00482> - Announcement (3)                           

    2.   Success Power Investments Limited is held by Mr. Wang Yao Chu        
    as to approximately 58.8% and his wife, Ms. Tseng Wei Ti, as to           
    approximately 41.2%.                                                      
                                                                              
    3.   Wellever Investments Limited is held by Mr. Liao Wen I as to         
    approximately 86.14% and his wife, Ms. Lin Hsiu Ling, as to               
    approximately 13.86%.                                                     
                                                                              
    4.   Star Success Technologies Limited is a company incorporated in       
    the BVI, which is solely and beneficially owned by Mr. Chen Jo Wan,       
    a non-executive Director.                                                 
                                                                              
    5.   The Lead Manager has borrowed 15,000,000 Shares from Metroasset      
    Investments Limited pursuant to the Stock Borrowing Agreement to          
    solely cover over-allocations in the Placing.                             
                                                                              
    The Company will receive additional net proceeds of approximately         
    HK$9 million from the issue of the Over-allotment Shares.  Such           
    additional proceeds of approximately HK$9 million will be used by the     
    Group as follows:                                                         
                                                                              
    HK$ million                                                               
                                                                              
    Acquisition of new production lines and machinery                         
    6                                                                         
                                                                              
    To finance the expansion of the new R&D centre                            
    1                                                                         
                                                                              
    Product's R&D                                                             
    1                                                                         
                                                                              
    Market promotion and sales activities                                     
    1                                                                         
                                                                              
    Total                                                                     
    9                                                                         
                                                                              
    Immediately after the issue of the Over-allotment Shares, the total       
    number of Shares in issue will be 508,682,000, of which an aggregate      
    of 133,682,000 Shares will be held by the public, representing            
    approximately 26.28% of the total number of Shares in issue as            
    enlarged by the Over-allotment Shares.                                    
                                                                              
    By order of the Board                                                     
    Sandmartin International Holdings Limited                                 
    Hung Tsung Chin                                                           
    Executive Director                                                        
                                                                              
    Hong Kong, 27 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises five             
    executive Directors, namely Mr. Hung Tsung Chin, Mr. Wang Yao Chu,        
    Mr. Liao Wen I, Ms. Chen Mei Huei and Mr. Yip Ho Chi, one non-executive   
    Director, namely Mr. Chen Jo Wan and three independent non-executive      
    Directors, namely Mr. Hsu Chun Yi, Mr. Chen Chung Ho and Mr. Tsan Wen     
    Nan.                                                                      
                                                                              
    * For identification purposes only