DIT Group Limited — Board/Management Information 2002

Oct 3, 2002

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.

SOUTH EAST GROUP LIMITED

(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

Clarification of the Board Meeting held on 24th September 2002 and the unvetted announcement dated 25th September 2002 of a change of chairperson and appointment of two additional directors to the Board of the Company and Result of the Annual General Meeting of the Company held on 27th September 2002

CLARIFICATION REGARDING BOARD MEETING

The board of directors (the “Board”) of South East Group Limited (the “Company”) refers to the Company’s unvetted announcement dated 25th September 2002 (the “Announcement of 25th September 2002”) regarding the election of Mr. Budiman Rahardja as the new chairman of the Board in place of Madam Cheong Swee Kheng (“Madam Cheong”) and the appointment of Ms. Chen Lee Mui and Mr. Chen Zhi Yung as non-executive directors at a meeting (the “Board Meeting”) of the Board held on 24th September 2002.

Madam Cheong and Mr. Yuen Ping Chiu (“Mr. Yuen”) did not sign director’s responsibility letters in connection with the Announcement of 25th September 2002. In the case of Madam Cheong, the Board understands that this is because Madam Cheong did not approve the publication of the Announcement of 25th September 2002. Mr. Yuen’s indicated he did not sign the director’s responsibility letter because he did not participate in the Board Meeting.

The Board has noted that Madam Cheong made a statement dated 26th September 2002, which was published in The Standard (English version) and Hong Kong Economic Times (Chinese version) on 27th September 2002 that she disagrees with the validity of the Board Meeting and the resolutions passed thereat.

All the other members of the Board at the time of the Board Meeting, including Mr. Budiman Rahardja (being an executive director), Ms. Herlina Nuryanti (being a non-executive director), Mr.

• 1 -

Lo Yuk Lam (being an independent non-executive director) and Mr. Liu Kwok Wah, Martin (being a then executive director) have taken joint and several responsibility regarding the accuracy of the Announcement of 25th September 2002. Further, the present Board is satisfied that notice of the Board Meeting was given to all the directors of the Company at the relevant time, that the Board Meeting was properly convened and held, and that the resolutions passed at the Board Meeting are valid. The Board has received advice from Bermuda counsel that the resolutions passed at the Board Meeting were duly passed as a matter of Bermuda law.

ANNUAL GENERAL MEETING AND CHANGES IN DIRECTORS

The Board announces that the Annual General Meeting (“AGM”) of the Company, was held on 27th September 2002, and that all the resolutions put forward at the AGM, were duly approved by shareholders except the resolutions for the re-election of Madam Cheong Swee Kheng (“Madam Cheong”) and Mr. Liu Kwok Wah, Martin (“Mr. Liu”) as executive directors of the Company. On 27th September 2002 following the AGM, the Board received a letter from Mr. Yuen resigning as an independent non-executive director of the Company for personal reasons. The directors of the Company are now Mr. Budiman Rahardja (being the chairman and an executive director), Ms. Nuryanti Herlina, Mr. Chen Zhi Yung, Ms. Chen Lee Mui (being non-executive directors) and Mr. Lo Yuk Lam (being an independent non-executive director).

Since Madam Cheong and Mr. Liu were not re-elected as directors by shareholders at the AGM, Mr. Budiman Rahardja is the remaining executive director of the Company. The Board intends to appoint additional executive Directors as soon as possible but in any event before 2nd November 2002. The Board believes that the management of the Company will not be affected in the meantime taking into consideration that members of the management, except Madam Cheong and Mr. Liu, remain unchanged.

Following Mr. Yuen’s resignation, there remains only one independent non-executive Director on the Board of the Company. The Company intends to restore the number of independent nonexecutive directors to comply with the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as soon as possible but in any event before 2nd November 2002.

Made by the order of the Board of the Company, the directors of which individually and jointly accept responsibility for the accuracy of this statement.

By order of the Board of South East Group Limited Budiman Rahardja Chairman

Hong Kong, 3rd October 2002

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

• 2 -