JD Logistics, Inc. — M&A Activity 2001

Mar 5, 2001

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy 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)

TERMINATION OF PROPOSED ACQUISITION

OF INTEREST IN AN AUCTION AND TRADING COMPANY

Further to the announcements dated 15th January, 2001, 2nd February, 2001 and 19th February, 2001 made by the Company, the Company has today entered into a deed of termination and cancellation in relation to the cancellation of the Acquisition.

Reference is made to the announcements (“Announcements”) made by the board of directors of Midas Printing Group Limited (“Company”) dated 15th January, 2001, 2nd February, 2001 and 19th February, 2001 in relation to the proposed acquisition by the Company of an interest in an auction and trading company from Impressive Profit Investments Limited (“Acquisition”). Unless otherwise stated herein, terms used herein shall have the same meanings as defined in the Announcements. The Board announced that, after taking into account recent changes in market conditions, the Company has today entered into a deed of termination and cancellation with the other parties to the Sale and Purchase Agreement in relation to the Acquisition, pursuant to which the Sale and Purchase Agreement is terminated and cancelled, each party thereto unconditionally released each of the other parties thereto of and from all obligations and liabilities thereunder and none of the parties will have any claim against any of the other parties in connection therewith. The cancellation of the Acquisition will not have any material adverse impact on the Company's financial position and business operation.

By Order of the Board of
Midas Printing Group Limited
Chan Sheung ChiuChairmanHong Kong, 2nd March, 2001