Computer And Technologies Holdings Limited — Share Issue/Capital Change 2000

Feb 1, 2000

Listed Company Information

CHINA AEROSPACE<0031> - Announcement 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. CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT Placing and Subscription Exercise of Over-allocation Option Further to the announcement (the `Announcement') by China Aerospace International Holdings Limited (the `Company') on 26th January, 2000 headed `Placing of existing shares and subscription for new shares', the Company is pleased to announce that the over-allocation option (`Over-allocation Option') was fully exercised by ING Barings on 31st January, 2000. Unless otherwise defined herein, terms defined in the Announcement shall have the same meanings when used in this announcement. Further to the Announcement in relation to, among others, the Placing and Subscription, the directors of the Company are pleased to announce that the Over-allocation Option was fully exercised by ING Barings on 31st January, 2000. As a result of the full exercise of the Over-allocation Option, an aggregate of 21,373,200 additional Shares were placed by ING Barings at the Placing Price of HK$1.80. Accordingly, the total number of Shares placed under the Placing was 225,390,600 Shares. The Placing was completed on 28th January, 2000. Upon completion of the Subscription which is expected to be completed on or before 8th February 2000, the issued share capital of the Company will increase by 357,017,400 Shares (representing approximately 20% and 16.66% of the existing and enlarged issued share capital of the Company respectively) from 1,785,402,502 to 2,142,419,902 Shares. The Controlling Shareholders and parties acting in concert with them will be interested in an aggregate of 896,818,664 Shares, representing approximately 41.86% of the enlarged issued share capital of the Company. The Placing and Subscription Agreement is conditional. Please refer to paragraph `Condition of the Placing and Subscription Agreement' in the Announcement for more details. By Order of the Board China Aerospace International Holdings Limited WANG Yanguang Director Hong Kong, 31st January, 2000 The directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived as after due and careful consideration and that there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.