GoFintech Quantum Innovation Limited — Board/Management Information 2002

Aug 30, 2002

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.

==> picture [309 x 43] intentionally omitted <==

(Incorporated in Bermuda with limited liability)

ADOPTION OF NEW SHARE OPTION SCHEME

CHANGE OF AUDITORS OF THE COMPANY

The shareholders of the Company has approved the adoption of the New Share Option Scheme and the termination of the Existing Share Option Scheme at the Special General Meeting of the Company held on 30 August 2002.

The shareholders of the Company has approved the appointment of Messrs. Ernst & Young as the auditors of the Company and authorizing the Board to fix their remuneration at the Annual General Meeting of the Company held on 30 August 2002.

Reference is made to a circular made by Pacific Challenge Holdings Limited (the “ Company ”) dated 12 August 2002 (“ Circular ”) regarding the adoption of the New Share Option Scheme and the termination of the Existing Share Option Scheme. Unless otherwise defined, terms used herein shall have the same meaning as in the Circular.

The Board is pleased to announce that at the Special General Meeting of the Company held on 30 August 2002, the resolution for approving the adoption of the New Share Option Scheme and the termination of the Existing Share Option Scheme was duly passed by the shareholders of the Company. The new Share Option Scheme will come into effect upon granting the listing of, and permission to deal in any new Shares which may fall to be allotted and issued upon the exercise of the subscription rights attaching to the options that may be granted under the New Share Option Scheme, by the Listing Committee of the Stock Exchange.

The New Share Option Scheme complies with the New Chapter 17 of the Listing Rules which came into effect on 1 September 2001.

The Board also announces that at the Annual General Meeting held on 30 August 2002, Arthur Andersen & Co., the former auditors of the Company did not seek re-appointment as auditors of the Company and the resolution for approving the appointment of Messrs. Ernst & Young as the auditors of the Company to hold office until the conclusion of the next general meeting and authorizing the Board to fix their remuneration was duly passed by the shareholders of the Company. As confirmed by Arthur Anderson & Co., there are no circumstances connected with their retirement that they consider ought to brought to the attention of the shareholders of the Company.

By Order of the Board Cheong Tin Yau Chairman

Hong Kong SAR, 30 August 2002

* For identification purpose only

“Please also refer to the published version of this announcement in China Daily”.