Guoxia Technology Co., Ltd. — Capital/Financing Update 2006

Aug 11, 2006

WING ON TRAVEL (HOLDINGS) LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 1189)

ANNOUNCEMENT

The Board announces that the period for the obtaining financing by the Purchaser in relation to the Disposal has been further extended from within 60 days from the date of the Agreement to within 90 days from the date of the Agreement.

Reference is made to (i) the announcement of Wing On Travel (Holdings) Limited (the “Company”) dated 14th June, 2006 and the circular of the Company dated 30th June, 2006 (the “Circular”) in relation to the proposed disposal of the Group’s entire approximately 31.73% effective interests in Kingsway Hotel to China Star Entertainment Limited; and (ii) the announcement of the Company dated 12th July, 2006 in relation to the deed of variation (the “First Deed”) which extended the period for obtaining financing by the Purchaser from within 30 days from the date of the Agreement to within 60 days from the date of the Agreement. Terms used herein shall have the same meanings as defined in the Circular unless defined otherwise.

Pursuant to the Agreement, completion of Agreement is conditional on, among others, the Purchaser successfully obtaining financing from third party for the purpose of satisfying the balance of the Consideration on Completion in relation to the Disposal. The Purchaser shall ensure that such condition be fulfilled within 30 days from the date of the Agreement. On 12th July, 2006, the Company, the Vendor and the Purchaser entered into the First Deed to extend the period for the obtaining financing by the Purchaser from within 30 days from the date of the Agreement to within 60 days from the date of the Agreement. All other terms of the Agreement shall remain unchanged.

On 11th August, 2006, the Company, the Vendor and the Purchaser entered into another deed of variation to further extend the period for the obtaining financing by the Purchaser from within 60 days from the date of the Agreement to within 90 days from the date of the Agreement. All other terms of the Agreement shall remain unchanged.

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Shareholders and potential investors of the Company should note that the Disposal may or may not proceed. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By Order of the Board Wing On Travel (Holdings) Limited Lui Siu Tsuen, Richard Executive Director

Hong Kong, 11th August, 2006

As at the date of this announcement, the Board comprises:

Executive Directors: Independent Non-Executive Directors: Mr. Yu Kam Kee, Lawrence Mr. Kwok Ka Lap, Alva B.B.S., M.B.E., J.P. (Chairman) Mr. Sin Chi Fai Mr. Cheung Hon Kit (Managing Director) Mr. Wong King Lam, Joseph Dr. Yap, Allan Mr. Chan Pak Cheung, Natalis Mr. Lui Siu Tsuen, Richard

Please also refer to the published version of this announcement in The Standard.

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