DIT Group Limited — Capital/Financing Update 2006

Sep 27, 2006

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.

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(Incorporated in Bermuda with limited liability)

(Stock Code: 726)

ANNOUNCEMENT OF PROGRESS OF A VERY SUBSTANTIAL DISPOSAL

The Board is pleased to announce that the Transfer of Ownership of Equity Interest and Shareholders’ Loan Agreement will proceed further and accordingly, BPDL will proceed with the realization of its investments in Ying Zhi Lun (including the 33% equity interest and the shareholder’s loan contributed by BPDL) pursuant to the Transfer of Ownership of Equity Interest and Shareholders’ Loan Agreement.

Reference is made to the announcement of South East Group Limited (the “Company”) dated 23 August 2006 (the “Announcement”) in relation to the realization of interests in an associated company, which constitutes a very substantial disposal for the Company under the Listing Rules. Unless otherwise defined, terms used herein shall have the same meanings as used in the Announcement.

Reference is also made to the Company’s announcement dated 13 September 2006.

The Board is pleased to announce that the Transfer of Ownership of Equity Interest and Shareholders’ Loan Agreement will proceed further and accordingly, BPDL will proceed with the realization of its investments in Ying Zhi Lun (including the 33% equity interest and the shareholder’s loan contributed by BPDL) pursuant to the Transfer of Ownership of Equity Interest and Shareholders’ Loan Agreement. As informed by Heng Fa, Zhong Cheng has won the tender of Heng Fa’s 35% equity interest in Ying Zhi Lun and was granted a transaction certificate (產權交易憑證) by Shanghai United Assets and Equity Exchange (上海聯合產權交易所) in respect of the transfer of the 35% equity interest in Ying Zhi Lun from Heng Fa to Zhong Cheng on 25 September 2006.

A circular containing, amongst other things, further details relating to the realization of interests in Ying Zhi Lun (including the 33% equity interest and the shareholder’s loan contributed by BPDL) under the Transfer of Ownership of Equity Interest and Shareholders’ Loan Agreement, a valuation report on the Lot, financial information on the Group and a notice of the SGM will be despatched to the Shareholders as soon as possible and by no later than 23 October 2006.

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

26 September 2006

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The directors of the Company as at the date of this announcement are Mr. Budiman Rahardja (Chairman) as executive director, Mr. Chen Zhi Yung as non-executive director and Mr. Lo Yuk Lam, Mr. Wong Kam Wah and Mr. Ng Chun Hung, Lawrence as independent non-executive directors.

* For identification purpose only

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

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