DT Capital Limited — M&A Activity 2000

Mar 3, 2000

Listed Company Information

BURLINGAME INTL<0202> - 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. BURLINGAME INTERNATIONAL COMPANY LIMITED (Incorporated in Hong Kong with limited liability) CLASSIC JESTER RESOURCES LIMITED (Incorporated in the British Virgin Islands with limited liability) Wealth Land Development Corp. (Incorporated in the British Virgin Islands with limited liability) PROPOSED RESTRUCTURING FOR BURLINGAME INTERNATIONAL COMPANY LIMITED Delay in the despatch of the listing document Financial Adviser to Burlingame PACIFIC CHALLENGE CAPITAL LIMITED Financial Adviser to CJRL and WLDC Shenyin Wanguo Capital (H.K.) Limited An application has been made to the Executive (as defined in the Code) for an extension of time to despatch the Listing Document. Unless otherwise defined, terms used in this announcement shall be the same as defined in the announcement dated 29 November 1999. Reference is made to the joint announcement made by Burlingame International Company Limited ("Company"), Classic Jester Resources Limited ("CJRL") and Wealth Land Development Corp. ("WLDC") dated 29 November 1999 in relation to the proposed restructuring for the Company. Further to the announcement of the Company dated 25 January 2000, the Board wishes to announce that the composite listing document ("Listing Document") with further details of the Restructuring Proposal and the Shareholder Scheme, and the notice of the EGM will be despatched on or around 20 May 2000 for the reasons that extra time is required for preparing the Listing Document. An application has been made to the Executive (as defined in the Code) for an extension of time to despatch the Listing Document. As stated in the announcement of the Company dated 8 February 2000, the Compromise Agreement was signed by all the Hong Kong Bank Creditors on 3 February 2000. By Order of the Board Burlingame International Company Limited Kan Che Kin, Billy Albert Chairman By Order of the Board Classic Jester Resources Limited He Xue Chu Director By Order of the Board Wealth Land Development Corp. Zhang Yang Director Hong Kong, 2 March 2000 The directors of Burlingame International Company Limited jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading. The sole director of Classic Jester Resources Limited jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief, opinions expressed in this announcement have been arrived at 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. The sole director of Wealth Land Development Corp. jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.