DT Capital Limited — M&A Activity 2003

Nov 17, 2003

Interchina Holdings Company Limited

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)

VERY SUBSTANTIAL ACQUISITION

DELAY IN DESPATCH OF CIRCULAR

As the Company requires additional time to prepare the financial information of Shanghai Qiangsheng Holdings for incorporation into the Circular, the Company announces that it has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.08(2) of the Listing Rules so that the despatch of the Circular in relation to the very substantial acquisition as announced by the Company on 28 October 2003 will be postponed from 18 November 2003 to 18 December 2003.

Reference is made to the announcement of the Company dated 28 October 2003 ("Announcement") in connection with a very substantial acquisition. Terms used herein shall have the same meaning as ascribed thereto in the Announcement.

Pursuant to Rule 14.08(2) of the Listing Rules, the Company is required to despatch the Circular ("Circular") in relation to the Agreement to its shareholders within 21 days after the publication of the Announcement, which is on or before 18 November 2003. However, as Shanghai Qiangsheng Holdings is a "A-Share" listed company in the PRC and the information of which were prepared and published in accordance with the generally accepted accounting practices of the PRC, the Company requires additional time to prepare the financial information of Shanghai Qiangsheng Holdings for incorporation into the Circular, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.08(2) of the Listing Rules so as to postpone the despatch date of the Circular to 18 December 2003.

The Company will despatch the Circular together with a notice of EGM to its shareholders on or before 18 December 2003.

By Order of the Board
Interchina Holdings Company Limited
Yip Kar Hang, Raymond
Company Secretary

Hong Kong, 17 November 2003

Please also refer to the published version of this announcement in The Standard dated on 18-11-2003.

Interchina Holdings Company Limited
18-11-2003