DT Capital Limited — Capital/Financing Update 2001

Oct 16, 2001

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.

Interchina Holdings Company Limited

國中控股有限公司

(incorporated in Hong Kong with limited liability)

ANNOUNCEMENT

Further to the announcement of the Company dated 14 September 2001 relating to the Placing, the Board announces that the deadline for the fulfillment of the conditions precedent to the completion of the Placing as stipulated under the Placing Agreement has been extended to 13 November 2001 or such later date as the Company and Guotai Junan may mutually agree.

The Board refers to the announcement of the Company dated 14 September 2001 (“Announcement”) in relation to the proposed placing of Convertible Notes up to an aggregate principal amount of HK$100,000,000. Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to the Placing Agreement, conditions precedent to the completion of the Placing is expected to be fulfilled on or before 13 October 2001 or such later date as the Company and Guotai Junan may mutually agree. As additional time is required to finalize the Placing, the Company and Guotai Junan have mutually agreed in writing to extend the deadline for the fulfillment of the conditions precedent to the completion of the Placing to 13 November 2001 or such later date as the Company and Guotai Junan may mutually agree. All other terms of the Placing Agreement will remain unchanged.

Completion of the Placing is expected to take place on the third business day after satisfaction of the conditions precedent as stipulated under the Placing Agreement.

By order of the Board

Yip Kar Hang, Raymond

Company Secretary

Hong Kong, 15 October 2001

Please also refer to the published version of this announcement in the Hong Kong iMail Post dated 16/10/2001