Brockman Mining Limited — Merger & Acquisition 2001

Sep 14, 2001

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.

WONG'S INTERNATIONAL (HOLDINGS) LIMITED

(Incorporated in Bermuda with limited liability)

RECOMMENDED VOLUNTARY CONDITIONAL CASH OFFER FOR

WONG'S CIRCUITS (HOLDINGS) LIMITED

(Incorporated in the Republic of Singapore)

GRINKGO HOLDINGS LIMITED

(Incorporated in the British Virgin Islands with limited liability)

An indirect wholly-owned subsidiary of Wong's International (Holdings) Limited

DECLARATION OF OFFER BECOMING UNCONDITIONAL

As at 5:00 p.m. on 13 September 2001, the Offeror has received valid acceptances in respect of 154,187,000 Shares, which represents approximately 92.33 per cent. of the issued share capital of WCH.

Accordingly, as at the date of this announcement, the Offer has become unconditional in all respects.

Terms defined in the circular to shareholders of the Company dated 28th August, 2001 shall have the same meanings herein unless otherwise stated.

As at 5:00 p.m. on 13th September, 2001, Grinkgo Holdings Limited (the “Offeror”) has received valid acceptances in respect of 154,187,000 Shares, which represents approximately 92.33 per cent. of the issued share capital of WCH. This includes acceptance by Wong's Industrial (Holdings) Limited (“WNH”), pursuant to its irrevocable undertaking in respect of its beneficial holding of 124,000,000 Shares.

Prior to the announcement of the Offer, the Offeror did not own or control, and had not agreed to acquire any Shares. WNH, a party acting in concert with the Offeror, owned 124,000,000 Shares, which represents approximately 74.25 per cent. of the issued share capital of WCH, as at the date of the announcement of the Offer. Neither the Offeror nor any party presumed to be acting in concert with the Offeror has acquired any Shares since the date of the announcement of the Offer.

The Offer is conditional upon the Offeror having received, by the close of the Offer, acceptances in respect of such number of Offer Shares which are not less than 90 per cent. in nominal value of the Shares other than those already held at the date hereof by, or by nominees for, the Offeror or its subsidiaries.

Accordingly, as at the date of this announcement, the Offer has become unconditional in all respects.

In accordance with Rule 22(1) of The Singapore Code on Take-overs and Mergers (the “Code”), in order to give shareholders of WCH who have not accepted the Offer the opportunity to do so, the Offer will remain open for acceptance until 3:30 p.m. on 2nd October, 2001, being a date falling not less than 14 days after 18th September, 2001, which is the date on which the Offer would otherwise have expired. The Offeror has no intention to extend the Offer beyond 3:30 p.m. on 2nd October 2001. Accordingly, notice is hereby given that the Offer will not be open for acceptance beyond 3:30 p.m. on 2nd October, 2001.

Further annoncements in relation to the Offer will be made by the Company as and when appropriate.

By Order of the Board of
Wong's International (Holdings) Limited
Wong Chung Ah, JohnnyChairmanHong Kong, 13th September, 2001