Concord New Energy Group Ltd. — Share Issue/Capital Change 2000

Jul 28, 2000

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Hong Kong Securities Clearing Company Limited ("Hongkong Clearing") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HANTEC INVESTMENT HOLDINGS LIMITED

亨達國際控股有限公司*

(Incorporated in Bermuda with limited liability)

NEW ISSUE AND PLACING

Number of New Issue Shares: 14,950,000

Number of Placing Shares: 59,800,000

Issue Price: HK$1.00 per Share

Nominal Value: HK$0.10 each

Stock Code: 111

Sponsors and Lead Managers

SOMERLEY LIMITED

Co-Sponsor

UPBEST SECURITIES COMPANY LIMITED

Underwriters

Platinum Securities Company Limited Somerley Limited

Upbest Securities Company Limited The Bank of East Asia, Limited

China Everbright Securities (HK) Limited Kingston Securities Limited

G.K. Goh Securities (H.K.) Limited Ka Wah Capital Limited

OSK Asia Securities Limited Tanrich Securities Company Limited

TISCO Securities Hong Kong Limited Koffman Securities Limited

SUMMARY

* A total of 41 valid applications had been received pursuant to the New Issue on PINK application forms for a total number of 1,494,000 New Issue Shares, equivalent to approximately 99.9% of the total number of 1,495,000 New Issue Shares available for application on PINK application forms by employees of the Group.

* A total of 492 valid applications had been received pursuant to the New Issue on WHITE and YELLOW application forms for a total number of 44,328,000 New Issue Shares, equivalent to approximately 3.3 times the total number of 13,456,000 New Shares available for public subscription on WHITE and YELLOW application forms.

* The 59,800,000 Placing Shares available under the Placing had been slightly over-subscribed. All the Placing Shares were allocated to professional and institutional investors.

* Share certificates and refund cheques (if any), which are not collected in person, will be depatched by ordinary post to those entitled thereto at their own risk on Monday, 31st July, 2000.

* Share certificates for the New Issue Shares allocated to applicants using YELLOW application forms are expected to be deposited into CCASS for credit to the applicants' designated CCASS participants' stock accounts at the close of business on Monday, 31st July, 2000 or, under contingent situation, on any other date as Hongkong Clearing or HKSCC Nominees Limited chooses.

* Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on Tuesday, 1st August, 2000.

Unless otherwise defined herein, terms used in this announcement have the same meanings as those defined in the prospectus dated 20th July, 2000 (the "Prospectus") of Hantec Investment Holdings Limited (the "Company").

APPLICATIONS FOR NEW ISSUE SHARES RECEIVED

The Directors are pleased to announce that, as at the close of the application lists at 12:00 noon on Tuesday, 25th July, 2000, a total of 533 valid applications had been received pursuant to the New Issue on WHITE, YELLOW and PINK application forms for a total number of 45,822,000 New Issue Shares, equivalent to approximately 3.1 times the total number of 14,950,000 New Issue Shares available for application on WHITE, YELLOW and PINK application forms.

Of the applications received on WHITE and YELLOW application forms, a total of 492 valid applications in respect of a total number of 44,328,000 New Issue Shares were for New Issue Shares in the value (excluding brokerage and Stock Exchange transaction levy payable thereon) of HK$5 million or less (equivalent to approximately 6.6 times the total number of 6,728,000 New Issue Shares available for allocation in pool A), and no application had been received for New Issue Shares in the value (excluding brokerage and Stock Exchange transaction levy payable thereon) of more than HK$5 million and up to the total value of pool B. Accordingly, all the 6,728,000 New Issue Shares initially allocated to pool B have been re-allocated to pool A. No application for more than 100% of the Shares initially available for public subscription under pool A has been identified. No multiple applications or suspected multiple applications have been identified. Two Underwriters, namely, Somerley Limited and The Bank of East Asia, Limited, had subscribed as principal for and will be alloted 290,000 New Issue Shares and 232,000 New Issue Shares (representing approximately 1.9% and 1.6% of the total number of New Issue Shares available under the New Issue respectively). No New Issue Shares had been allotted to the directors or chief executive of the Company or its subsidiaries or existing beneficial owners of the Shares, or any of their respective associates.

A total of 41 valid applications had been received pursuant to the New Issue on PINK application forms for a total number of 1,494,000 New Issue Shares, equivalent to approximately 99.9% of the total number of 1,495,000 Offer Shares available for application on PINK application forms by employees of the Group.

BASIS OF ALLOCATION OF NEW ISSUE SHARES

Subject to satisfaction of the conditions set out in the paragraph headed "Conditions of the Share Offer" in the section headed "Structure of the Share Offer" in the Prospectus, the 14,950,000 New Issue Shares available for subscription on WHITE, PINK and YELLOW application forms will be allocated as follows:

Approximate

percentage

Number of Number of allotted of the

Shares valid total number of

applied for applications Basis of allotment/ballot Shares applied for

Pink application forms:

2,000 4 2,000 Shares 100.0%

4,000 2 4,000 Shares 100.0%

Approximate

percentage

Number of Number of allotted of the

Shares valid total number of

applied for applications Basis of allotment/ballot Shares applied for

6,000 1 6.000 Shares 100.0%

10,000 5 10,000 Shares 100.0%

12,000 2 12,000 Shares 100.0%

14,000 1 14,000 Shares 100.0%

20,000 4 20,000 Shares 100.0%

24,000 2 24,000 Shares 100.0%

26,000 1 26,000 Shares 100.0%

30,000 2 30,000 Shares 100.0%

34,000 3 34,000 Shares 100.0%

40,000 2 40,000 Shares 100.0%

48,000 1 48,000 Shares 100.0%

50,000 1 50,000 Shares 100.0%

56,000 1 56,000 Shares 100.0%

60,000 1 60,000 Shares 100.0%

62,000 1 62,000 Shares 100.0%

84,000 1 84,000 Shares 100.0%

86,000 1 86,000 Shares 100.0%

90,000 2 90,000 Shares 100.0%

94,000 2 94,000 Shares 100.0%

174,000 1 174,000 Shares 100.0%

41

Pool A:

2,000 77 2,000 Shares 100.0%

4,000 40 2,000 Shares plus 16 out of 40

to receive 2,000 additional Shares 70.0%

6,000 30 2,000 Shares plus 24 out of 30

to receive 2,000 additional Shares 60.0%

8,000 18 4,000 Shares 50.0%

10,000 72 4,000 Shares plus 32 out of 72

to receive 2,000 additional Shares 48.9%

12,000 3 4,000 Shares plus 1 out of 3

to receive 2,000 additional Shares 38.9%

14,000 4 4,000 Shares plus 2 out of 4

to receive 2,000 additional Shares 35.7%

16,000 11 4,000 Shares plus 8 out of 11

to receive 2,000 additional Shares 34.1%

18,000 9 6,000 Shares 33.3%

20,000 56 6,000 Shares plus 14 out of 56

to receive 2,000 additional Shares 32.5%

30,000 32 8,000 Shares plus 28 out of 32

to receive 2,000 additional Shares 32.5%

40,000 8 12,000 Shares plus 4 out of 8

to receive 2,000 additional Shares 32.5%

50,000 37 16,000 Shares 32.0%

60,000 5 18,000 Shares plus 3 out of 5

to receive 2,000 additional Shares 32.0%

70,000 2 22,000 Shares 31.4%

80,000 7 24,000 Shares plus 4 out of 7

to receive 2,000 additional Shares 31.4%

90,000 1 28,000 Shares 31.1%

100,000 29 30,000 Shares plus 8 out of 29

to receive 2,000 additional Shares 30.6%

150,000 8 44,000 Shares plus 7 out of 8

to receive 2,000 additional Shares 30.5%

200,000 9 60,000 Shares plus 4 out of 9

to receive 2,000 additional Shares 30.4%

250,000 1 76,000 Shares 30.4%

300,000 7 90,000 Shares 30.0%

350,000 3 104,000 Shares 29.7%

400,000 3 118,000 Shares 29.5%

450,000 2 132,000 Shares 29.3%

500,000 5 146,000 Shares 29.2%

700,000 1 204,000 Shares 29.1%

800,000 2 232,000 Shares 29.0%

1,000,000 6 290,000 Shares 29.0%

2,000,000 1 580,000 Shares 29.0%

3,000,000 1 840,000 Shares 28.0%

5,000,000 2 1,400,000 Shares 28.0%

492

RESULS OF APPLICATION MADE ON WHITE APPLICATION FORMS

The following are the identification document numbers (where supplied) of successful applicants using WHITE application forms and the corresponding number of New Issue Shares being allotted:

Identification Number

document of Shares

number allotted

335541 30,000

08808028-000-10-99-9 290,000

A164055(3) 30,000

A165794(4) 2,000

A165795(2) 2,000

A186671(3) 10,000

A313742(5) 6,000

A321432(2) 30,000

A331778 16,000

A347504(5) 4,000

A353839(A) 30,000

A353978(7) 104,000

A398368(7) 16,000

A482860(A) 62,000

A482985(1) 10,000

A510301(3) 30,000

A521526(1) 16,000

A540120(0) 30,000

A604587(4) 6,000

A604837(7) 16,000

A661836(A) 4,000

A666172(9) 4,000

A667458(8) 6,000

A693897(6) 8,000

A700669(4) 32,000

A737183(A) 6,000

A754543(9) 2,000

A786427(5) 4,000

A802955(8) 6,000

A816402(1) 2,000

A816933(3) 2,000

A831125(3) 6,000

A831391(4) 30,000

A843105(4) 12,000

A853450(3) 2,000

A858548(5) 4,000

A864111(3) 16,000

A865299(9) 2,000

A877050(9) 2,000

A880222(2) 16,000

A916849(7) 4,000

A920155(9) 2,000

A926979(A) 28,000

A940087(A) 6,000

A946917(9) 2,000

A973022(5) 16,000

A994565(5) 6,000

A998783(8) 46,000

B004414(3) 6,000

B044215(7) 4,000

B113513(4) 2,000

B264214(5) 2,000

B676693(0) 2,000

B676694(9) 2,000

B863219(2) 2,000

B894707(A) 10,000

B932842(A) 4,000

C082307(2) 6,000

C149444(7) 6,000

C246244(1) 4,000

C289989(0) 2,000

C292478(A) 10,000

C293815(2) 2,000

C319320(7) 4,000

C325701(9) 14,000

C342525(6) 6,000

C358990(9) 2,000

C367906(1) 6,000

C380632(2) 6,000

C394621(3) 16,000

C412633(3) 6,000

C420471(7) 2,000

C428978(A) 2,000

C435337(2) 2,000

C448867(7) 4,000

C450231(9) 30,000

C463237(9) 4,000

C474037(6) 2,000

Identification Number

document of Shares

number allotted

C479244(9) 6,000

C486096(7) 4,000

C488742(3) 6,000

C524214(0) 6,000

C542980(1) 10,000

C561471(4) 30,000

C580144(1) 10,000

C581089(0) 2,000

C594348(3) 2,000

C616796(7) 4,000

C617751(2) 2,000

C627800(9) 4,000

C627931(5) 8,000

C628388(6) 2,000

C628827(6) 6,000

C629633(3) 4,000

C662401(2) 6,000

D016740(2) 132,000

D043362(5) 14,000

D046955(7) 8,000

D047750(9) 6,000

D056484(3) 16,000

D068093(2) 290,000

D087582(2) 2,000

D088196(2) 2,000

D112748(A) 4,000

D139028(8) 2,000

D139946(3) 10,000

D203067(6) 2,000

D210095(A) 6,000

D223281(3) 6,000

D226046(9) 6,000

D244064(5) 6,000

D271399(4) 4,000

D295311(1) 2,000

D302742(3) 2,000

D309874(6) 8,000

D310790(7) 2,000

D313827(6) 4,000

D313828(4) 4,000

D315767(A) 6,000

D330641(1) 4,000

D340205(4) 4,000

D376366(9) 4,000

D413983(7) 6,000

D432317(4) 4,000

D452608(3) 30,000

D467350(7) 6,000

D482644(3) 4,000

D488270(A) 4,000

D513119(8) 6,000

D528520(9) 2,000

D550241(2) 2,000

D583558(6) 4,000

D612684(8) 16,000

D630800(8) 6,000

D647890(6) 6,000

D648841(3) 4,000

D674366(9) 6,000

D676593(A) 6,000

D687958(7) 6,000

D692184(2) 2,000

D699991(4) 4,000

D750614(8) 2,000

D750622(9) 10,000

D819882(A) 6,000

D830033(0) 16,000

D834564(4) 8,000

D839361(4) 146,000

E095068(1) 60,000

E173722(1) 10,000

E182081(1) 6,000

E210317(A) 26,000

E212033(3) 16,000

E232556(3) 10,000

E352940(5) 4,000

E365877(9) 6,000

E376039(5) 2,000

Identification Number

document of Shares

number allotted

E445252(A) 6,000

E453749(5) 6,000

E512436(4) 30,000

E524681(8) 6,000

E564734(0) 4,000

E568219(7) 6,000

E569703(8) 2,000

E611053(7) 22,000

E654231(3) 2,000

E705352(9) 580,000

E707458(5) 2,000

E717902(6) 10,000

E736439(7) 2,000

E739743(0) 10,000

E740800(9) 6,000

E755192(8) 6,000

E755448(A) 2,000

E770653(0) 4,000

E808842(3) 6,000

E838124(4) 2,000

E877538(2) 2,000

E905856(0) 6,000

E913979(A) 30,000

E918833(2) 2,000

E941346(8) 8,000

E942917(8) 4,000

E943489(9) 2,000

E982067(5) 2,000

E992862(A) 6,000

G012587(2) 2,000

G026379(5) 6,000

G033875(2) 30,000

G054444(1) 16,000

G156061(0) 6,000

G162657(3) 8,000

G164574(8) 32,000

G169813(2) 4,000

G203292(8) 4,000

G220577(6) 16,000

G222177(1) 24,000

G230603(3) 4,000

G248005(A) 2,000

G278963(8) 2,000

G311965(2) 60,000

G338177(2) 4,000

G345857(0) 6,000

G363708(4) 4,000

G363718(1) 4,000

G371591(3) 4,000

G381418(0) 4,000

G386377(7) 8,000

G409326(6) 2,000

G413977(0) 62,000

G424996(7) 2,000

G446516(3) 6,000

G456001(8) 4,000

G466528(6) 16,000

G487644(9) 2,000

G500006(7) 4,000

G505228(8) 4,000

G518244(0) 2,000

G521903(4) 46,000

G539375(1) 6,000

G543430(A) 2,000

G554026(6) 6,000

G560819(7) 2,000

G565870(4) 2,000

G585368(A) 6,000

G590553(1) 6,000

G596696(4) 4,000

G612344(8) 2,000

G627915(4) 16,000

G631336(0) 2,000

G652595(3) 2,000

G662909(0) 6,000

G666082(6) 4,000

G682717(8) 6,000

G690204(8) 2,000

Identification Number

document of Shares

number allotted

G690385(0) 4,000

G809011(3) 4,000

G811723(2) 6,000

G819201(3) 10,000

G900911(5) 2,000

G902710(5) 6,000

H035169(7) 16,000

H304393(4) 16,000

H334157(9) 2,000

H334166(8) 30,000

H366202(2) 4,000

H386982(4) 4,000

H409422(2) 26,000

H421395(7) 12,000

H435037(7) 4,000

H447770(9) 2,000

H466858(A) 4,000

K030521(9) 4,000

K047170(4) 2,000

K048593(4) 2,000

K061550(1) 2,000

K064463(3) 4,000

K077656(4) 16,000

K100979(6) 6,000

K137021(9) 2,000

K137131(2) 4,000

K163130(6) 2,000

K188874(9) 6,000

K211756(8) 4,000

K217642(4) 8,000

K218216(5) 4,000

K244868(8) 6,000

K251818(A) 4,000

K285559(3) 4,000

K309572(A) 8,000

K322324(8) 16,000

K324272(2) 4,000

K324826(7) 4,000

K332487(7) 2,000

K368368(0) 6,000

K371005(A) 2,000

K375980(6) 2,000

K387765(5) 6,000

K416340(0) 4,000

K444972(A) 4,000

K450036(9) 4,000

K455270(9) 2,000

K460679(5) 2,000

K469410(4) 2,000

K480236(5) 4,000

K554954(A) 2,000

K561186(5) 4,000

K586457(7) 4,000

K659607(A) 6,000

K667144(6) 2,000

K734601(8) 2,000

K780189(0) 4,000

K785928(7) 6,000

K790259(A) 4,000

K834910(A) 4,000

K834940(1) 6,000

K919297(2) 4,000

K946159(0) 2,000

P010988(A) 2,000

P059887(2) 6,000

P066849(8) 2,000

P073555(1) 16,000

P272817(A) 4,000

P318722(9) 6,000

P446877(9) 46,000

P493761(2) 4,000

P802360(7) 30,000

V015194(7) 6,000

V021104(4) 6,000

Z059944(2) 2,000

Z197677(0) 4,000

RESULTS OF APPLICATIONS BY INVESTOR PARTICIPANTS OF CCASS

There was no applicant applying as an investor participant of CCASS on YELLOW application forms.

COLLECTION/POSTING OF SHARE CERTIFICATES AND REFUND CHEQUES

Share certificates in respect of wholly or partially successful applications on WHITE application forms are expected to be despatched by ordinary post to those entitled thereto and at their own risk on Monday, 31st July, 2000. Refund cheques in respect of partially unsuccessful applications on WHITE and YELLOW application forms are expected to be despatched by ordinary post to applicants and at their own risk on or before Monday, 31st July, 2000. WHITE application form applicants who have applied for 1,000,000 New Issue Shares or more and have indicated on their application forms that they will collect their share certificates and refund cheques (if any) personally may collect them in person from the Company's Hong Kong branch share registrar, Secretaries Limited between 9:00 a.m. and 1:00 p.m. on Monday, 31st July, 2000. YELLOW application form applicants who have applied for 1,000,000 New Issue Shares or more and have indicated on their application forms that they will collect their refund cheques personally may collect them in person from the Company's Hong Kong branch share registrar, Secretaries Limited between 9:00 a.m. and 1:00 p.m. on Monday, 31st July, 2000. The office of Secretaries Limited is located at 5th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong. Identification and authorisation documents (where appropriate) acceptable to Secretaries Limited must be produced at the time of collection. Uncollected share certificate(s) and/or refund cheque (if any) will be sent to the address shown on the relevant applicant's application form shortly after the date of despatch of share certificates mentioned above, by ordinary post and at that relevant applicant's own risk.

DEPOSIT OF SHARE CERTIFICATES TO CCASS

For those wholly or partially successful applicants applying through designated CCASS participants (other than investor participants) on YELLOW application forms who are allocated New Issue Shares in the name of HKSCC Nominees Limited, the Hong Kong branch share registrar of the Company, will advise their designated CCASS participants the acceptance of application and the number of New Issue Shares allocated. Share certificates in respect of the allocated New Issue Shares will be deposited into CCASS for the credit of their designated CCASS participants' stock accounts maintained in CCASS at the close of business on Monday, 31st July, 2000 or, under contingent situation, on any other date Hongkong Clearing or HKSCC Nominees Limited chooses. Successful applicants can arrange with their designated CCASS participants to advise them the number of New Issue Shares allocated to them in respect of their applications.

PLACING OF THE PLACING SHARES

The 59,800,000 Placing Shares available under the Placing had been slightly over-subscribed. All the Placing Shares were allocated to professional and institutional investors.

COMMENCEMENT OF DEALINGS

Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on Tuesday, 1st August, 2000.

DEED OF INDEMNITY

Reference is made to the announcement of the Company dated 19th July, 2000 (the "Announcement") regarding a letter from the solicitors for a complainant (the "Complainant") alleging that the use of trade names "Hantec" and "亨達" by members of the Hantec Group and the Group in the business of financial services constitutes an act of passing off of the Complainant's alleged trade names of "Hantec" and "亨達". Hantec Holdings, Mr. Tang, Mr. Fan, Mr. Man, Convenient Way Limited and Mr. Yeung have executed the joint and several indemnity as referred to in the Announcement in favour of the Group and the Sponsors on 25th July, 2000.

By Order of the Board

Hantec Investment Holdings Limited

Tang Yu Lap

Chairman

Hong Kong, 27th July, 2000

* identification only

"Please also refer to the published version of this announcement in the Hong Kong i-mail"