Capital VC Limited — Net Asset Value 2006

May 16, 2006

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SINO KATALYTICS INVESTMENT CORPORATION 德泰中華投資有限公司

(incorporated in the Cayman Islands with limited liability) (Stock Code: 2324)

As at 30 April 2006, the unaudited consolidated net asset value per share of the Company was approximately HK$0.643.

By order of the Board Yau Chung Hong Executive Director

Hong Kong, 15 May 2006

As at the date of this announcement, the board of directors of the Company comprises executive Directors: Mr. Chui Tak Keung, Duncan, Mr. Yau Chung Hong and Mr. Chow Ka Wo, Alex; non-executive Director: Mr. Ma Kwok Keung, Kenneth; and independent non-executive Directors: Mr. Lam Kwan, Mr. Chan Ming Sun, Jonathan and Mr. Shiu Siu Tao.

“Please also refer to the published version of this announcement in The Standard.”