JD Logistics, Inc. — M&A Activity 2000

Aug 2, 2000

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.

	MIDAS PRINTING GROUP LIMITED
(Incorporated in the Cayman Islands with limited liability)

(the “Company”)

ANNOUNCEMENT

This announcement is made in relation to the recent increases in the price of the shares of the Company.

The Company has been approached today by an independent third party who is not connected with the directors, chief executives or substantial shareholders of the Company or any of its subsidiaries or any of their respective associates concerning the formulation of a proposal which may involve issuing of new shares or acquiring existing shares.

As the discussion of the proposal may or may not be materialized, investors are advised to exercise cautions when dealing in the shares of the Company.

This announcement is made at the request of The Stock Exchange of Hong Kong Limited.

We have noted the recent increases in the price of the shares of Midas Printing Group Limited (“the Company”) and we are not aware of any reasons for such increases.

We wish to state that the Company has been approached today by an independent third party who is not connected with the directors, chief executives and substantial shareholders of the Company or any of its subsidiaries or any of their respective associates concerning the formulation of a proposal which may involve issuing of new shares to or acquiring existing issued shares from the existing shareholders(s) by the independent third party. Such a proposal may or may not lead to change of single largest shareholder of the Company. The current single largest shareholder of the Company, Gold Throne Finance Limited holds 16.6% of the issued shares of the Company. Gold Throne Finance Limited is a wholly-owned subsidiary of China Cyberworld Limited, the securities of which are listed on the Stock Exchange. The discussion is at a preliminary stage and may or may not be materialized. No terms or size of such proposal has been determined at this stage. Further announcement shall be made by the Company as and when appropriate.

Save for the above, we confirm that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

As the discussion of the proposal may or may not be materialized, investors are advised to exercise caution when dealing in the shares of the Company.

Made by the order of the Board of Midas Printing Group Limited, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.

By Order of the Board of
Midas Printing Group Limited
Chan Sheung ChiuChairman

Hong Kong, 1st August, 2000