DT Capital Limited — M&A Activity 2000

Jan 26, 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 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 Restructuring Circular. 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. According to the announcement of the Company dated 17 December, the circular with further details of the Restructuring Proposal ("Restructuring Circular") will be despatched on or around 25 January, 2000. However, the Company is still in the process of finalising the terms of the Compromise Agreement with the Hong Kong Bank Creditors and is still fulfilling the requirements under the Listing Rules. As a result, an application has been made to the Executive (as defined in the Code) for an extension of time to despatch the Restructuring Circular. A further announcement about the date of despatch of the Restructuring Circular will be made as soon as practicable. 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, 25 January, 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.