CHYY Development Group Limited — Board/Management Information 2003

Mar 31, 2003

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.

IIN INTERNATIONAL LIMITED 國訊國際有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

ANNOUNCEMENT ON RESIGNATION OF EXECUTIVE DIRECTOR AND CHANGE OF QUALIFIED ACCOUNTANT COMPLIANCE OFFICER, AUTHORISED REPRESENTATIVE AND THE COMPANY SECRETARY

The board of directors (the “Board”) of IIN International Limited (the “Company”), together with its subsidiaries (the “Group”) hereby announces that Mr. Cheng Wing Tsan, due to health reason, had tendered his resignation as the executive director, the qualified accountant, the compliance officer, an authorised representative, the company secretary of the Company and all his other positions held within the Group with effect from 31 March 2003.

The Board is pleased to announce the following appointments:

• a) Mr. Wu Shu Min, an existing executive director of the Company, has been appointed as the compliance officer of the Company with effect from 31 March 2003.

• b) Mr. Yuen Kwok Hon, is presently the finance manager of the Company and an associate member of the Hong Kong Society of Accountants, has been appointed as the qualified accountant (as required by Rule 5.10 of the GEM Listing Rule) of the Company with effect from 31 March 2003.

• c) Ms. Wong Lai Yuk, is presently the assistant company secretary of the Company and an associate member of The Hong Kong Institute of Company Secretaries, has been appointed as the company secretary (as required by Rule 5.09 of the GEM Listing Rule) and an authorised representative of the Company with effect from 31 March 2003.

The Board would like to take the opportunity to thank Mr. Cheng Wing Tsan for his contributions to the Company during his tenure of office.

By order of the board of IIN International Limited Chang Ye Min, William

President & Chief Executive Officer

Hong Kong, 31 March 2003

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This announcement, for which the directors of IIN International Limited collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the “GEM Listing Rules”) for the purpose of giving information with regard to IIN International Limited. The directors of IIN International Limited, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the “Latest Company Announcement” page on the GEM website for at least 7 days from the date of publication and on the website of the Company at www.iini.com.

• For identification purposes only

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