Hung Hing Printing Group Limited — M&A Activity 2000

Mar 23, 2000

Listed Company Information

NOBLE LINK HOLD<0254> - Announcement & Resumption 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. NOBLE LINK HOLDINGS LIMITED (the "Company") (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT POSSIBLE SHARE TRANSACTION This announcement is made by the Company in response to the press conference held on 21st March, 2000 regarding the broad band data transmission business in the PRC. The Company has entered into a letter of intent with Shengguang Group to develop broad band data transmission business in Nanhai, the PRC. The consideration of this proposed transaction is subject to further negotiation between the Company and Shengguang Group and it may or may not involve the issue of new shares of the Company which might result in a possible share transaction of the Company. The proposed transaction may or may not proceed. Further announcement on the proposed transaction will be made once the formal agreement has been signed. Trading of the shares of the Company has been suspended at the request of the Company with effect from 10:00 a.m. on 22nd March, 2000. Application has been made to the Stock Exchange for the resumption of trading of the shares of the Company with effect from 10:00 a.m. on 23rd March, 2000. Investors are advised to exercise caution when dealing in the shares of the Company. New Corporate Development The Company held a press conference on 21st March, 2000 announcing (i) the signing of a strategic alliance agreement with a PRC based technology group namely Shengguang Group for the development and marketing of communication products and technology services and other related broad band data transmission business in the People's Republic of China (the "PRC"), (ii) the signing of a letter of intent (the "Letter of Intent") with "*", a wholly-owned subsidiary of Shengguang Group, to develop broad band data transmission businesses in Nanhai, the PRC and (iii) proposal to change the name of the Company to "eCyberChina.net Limited". Shengguang Group is an independent third party not connected with the directors, chief execuitve or substantial shareholders of the Company or any of its subsidiaries or their respective associates as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Letter of Intent The negotiation for the development of data transmission businesses by the Company under the Letter of Intent is at an initial stage. The terms and conditions of the proposed transaction have not been finalised at the moment and further negotiation will be carried on. It is expected that the Company will acquire from Shengguang Group certain equitable interest in "*" upon completion of the proposed transaction. The consideration of the proposed transaction is subject to further negotiation between the Company and Shengguang Group and it may or may not involve the issue of new shares by the Company. However, the Company emphasizes that the amount of consideration and the way of settlement for the proposed transaction will be significant to the negotiation and determination of the parties in entering into a formal agreement. The Company shall make further announcement on the aforesaid transaction once the formal agreement has been signed. Trading of the Shares of the Company Trading of the shares of the Company has been suspended at the request of the Company with effect from 10:00 a.m. on 22nd March, 2000. Application has been made to the Stock Exchange for the resumption of trading of the shares of the Company with effect from 10:00 a.m. on 23rd March, 2000. The proposed transaction may or may not proceed. Investors are advised to exercise caution when dealing in the shares of the Company. By Order of the Board Noble Link Holdings Limited Li Zhao Director Hong Kong, 22nd March, 2000 *For Chinese name, please refer to the press announcement today.