Hony Media Group — Board/Management Information 2004

Dec 24, 2004

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CHINA STRATEGIC HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)

(stock code: 235)

ANNOUNCEMENT

The board of directors (the “Board”) of China Strategic Holdings Limited (the “Company”) announces that Mr. Li Wa Kin (“Mr. Li”) resigned as Executive Director and the Deputy Managing Director of the Company with effect from 23rd December, 2004 due to personal reasons. Mr. Li confirmed that there is no disagreement with the Board and there is no matter relating to his resignations that needs to be brought to the attention of the shareholders of the Company.

The Board takes this opportunity to thank Mr. Li for his contribution to the Company during his tenure of service.

By Order of the Board of China Strategic Holdings Limited Chan Yan Yan, Jenny Secretary

Hong Kong, 23rd December, 2004

As at the date of this announcement, the board of directors of the Company comprises Dr. Chan Kwok Keung, Charles, Dr. Yap, Allan, Ms. Chau Mei Wah, Rosanna, Ms. Chan Ling, Eva as executive directors, Mr. Chan Kwok Hung and Mr. Lui Siu Tsuen, Richard as alternate directors to Dr. Chan Kwok Keung, Charles and Dr. Yap, Allan respectively and Mr. David Edwin Bussmann, Ms. Fung Wan Yiu, Agnes and Mr. Wong King Lam, Joseph as independent non-executive directors.

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

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