Eminence Enterprise Limited — M&A Activity 2000

Feb 23, 2000

Listed Company Information

ACME LANDIS<0616> - Announcement ACME LANDIS HOLDINGS LIMITED H&Q ASIA PACIFIC, LTD. (Incorporatred in Bermuda with (Incorporated in the British limited liability) Virgin Islands with limited liability) as Manager of the Asia Pacific Growth Fund III, L.P. i100 CORPORATION i100 HOLDINGS CORPORATION (Incorporated in the Cayman Islands (incorporated in the Cayman with limited liability) Islands with limited liability) Agreement for the subscription for New Shares, possible white-wash waiver, proposed increase in authorised share capital and proposed change of name of the Company to i100 Limited The respective directors of Acme Landis Holdings Limited ("Acme Landis") and the Subscribers (together, the "Companies") jointly announced the proposals involving the subscription of new shares in Acme Landis and the application for the White-wash Waiver on 1st February, 2000 (the "Announcement"). Terms used in this announcement shall have the same meanings as defined in the Announcement. Under the Hong Kong Code on Takeovers and Mergers, a document giving details of the White-wash Waiver and the Subscription (the "Document") is required to be posted to shareholders of Acme Landis within 21 days of the Announcement. The respective directors of the Companies announce that in preparing the Document to satisfy, inter alia, the above requirements, due to the time required for preparation of information to be included in the Document, Acme Landis has applied to the Executive Director of the Corporate Finance Division of the Securities and Futures Commission for, and been granted, an extension for the despatch of the Document. The Document is expected to be despatched on or before 3rd March, 2000. By Order of the Board of By Order of the Board of ACME LANDIS HOLDINGS LIMITED H&Q ASIA PACIFIC, LTD. Mr. Chiu Chun Leong, David as Manager of the Director Asia Pacific Growth Fund III, L.P. Dr. Ta-Lin Hsu Chairman By Order of the Board of By Order of the Board of i100 CORPORATION i100 HOLDINGS CORPORATION Dr. Ta Lin Hsu Mr. Kan Siu Kei, Laurie Chairman Chairman Hong Kong, 22nd February, 2000 The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement relating to the Group and confirm, having made all reasonable enquiries, that to the best of their knowledge, their opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts (other than relating to the Subscribers and the proposed new Directors) not contained in this announcement, the omission of which would make any of their statements in this announcement misleading. The directors of the Subscribers jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, their opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts (other than that relating to the Group) not contained in this announcement, the omission of which would make any of their statements in this announcement misleading.