CHYY Development Group Limited — Regulatory Filings 2004

Apr 15, 2004

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) (Stock code: 8128)

ANNOUNCEMENT

The directors (the “Directors”) of IIN International Limited (the “Company”) have noted the increases in the price and trading volume of the shares of the Company on 15 April 2004 and wish to state that we are not aware of any reasons for such increases in price and trading volume save as disclosed below.

The Directors confirm that there are negotiations under way relating to a proposed acquisition of equity interests in another company which is not a connected person to the Company as defined in the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the “GEM Listing Rules”). However, no specific terms have been finalised and no agreements have been signed regarding this proposed acquisition. The proposed acquisition may or may not proceed pending the outcome of the negotiations. Further announcement will be made as and when appropriate.

Except for the above, we confirm that there are no other negotiations or agreements which are discloseable under Chapters 19 and 20 of the GEM Listing Rules, neither is the board of directors (the “Board”) aware of any matter discloseable under the general obligation imposed by Rule 17.10 of the GEM Listing Rules, which is or may be of price sensitive nature.

Made by the order of the Board, the directors of which collectively and individually accept responsibility for the accuracy of this announcement.

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Shareholders of the Company and the public investors are advised to exercise caution when dealing in the shares of the Company.

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

President & Chief Executive Officer

The directors of the Company comprise the following:

Wu Shu Min (Executive Director)

Chang Ye Min, William (Executive Director)

Jin Feng (Executive Director) Zhu Rong (Non-executive Director)

Lo Wai Shun (Non-executive Director)

Christopher Leong Ka Cheong (Non-executive Director)

Chan Wai Dune (Independent non-executive Director) Ng Ching Wo (Independent non-executive Director) Chen Jun Liang (Independent non-executive Director) Wang Qian (Alternate Director)

Hong Kong, 15 April 2004

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.

* For identification purposes only

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