Minth Group Limited

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and Hong Kong Securities Clearing Company Limited (‘‘HKSCC’’) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Unless defined herein, terms in this announcement shall have the same meanings as those terms defined in the prospectus dated Tuesday, 22 November 2005 (the ‘‘Prospectus’’) issued by Minth Group Limited (the ‘‘Company’’).

(incorporated in the Cayman Islands with limited liability)

INTERNATIONAL OFFERING

Number of Offer Shares : 200,000,000 new Shares (subject to the Over-allotment Option) Number of Placing Shares : 180,000,000 new Shares (subject to the

Over-allotment Option)

Number of Public Offer Shares : 20,000,000 new Shares

Offer Price : HK$2.25 per Share, plus brokerage fee of 1%,

Stock Exchange trading fee of 0.005%, SFC transaction levy of 0.005% and investor compensation levy of 0.002%

Nominal value : HK$0.10 each

Stock code : 425

Global Coordinator, Sole Bookrunner, Sponsor and Lead Manager

==> picture [107 x 42] intentionally omitted <==

SUMMARY

. The Offer Price has been determined at HK$2.25 per Share (plus brokerage of 1%, the Stock Exchange trading fee of 0.005%, the SFC transaction levy of 0.005% and investor compensation levy of 0.002%).
. A total of 843 valid applications have been received pursuant to the Public Offer for a total of 184,156,000 Public Offer Shares, equivalent to approximately 9.21 times the total number of 20,000,000 Shares initially available for subscription under the Public Offer. As such, the clawback mechanism is not applicable.
. The International Placing was significantly over-subscribed.
. Share certificates for Public Offer Shares allotted to wholly or partially successful applicants using WHITE Application Forms which are either not available for personal collection, or which are so available but are not collected in person, will be despatched by ordinary post to those entitled at their own risk on Wednesday, 30 November 2005.
. Share certificates for Public Offer Shares allotted to wholly or partially successful applicants using YELLOW Application Forms will be issued in the name of HKSCC Nominees Limited and are expected to be deposited into CCASS for credit to their CCASS investor participants’ stock accounts or their designated CCASS participants’ stock accounts at the close of business on Wednesday, 30 November 2005.
. Refund cheques for wholly or partially unsuccessful applicants which are either not available for personal collection or which are so available but are not collected in person will be despatched by ordinary post to the addresses of the applicants specified in the relevant Application Forms at their own risk on Wednesday, 30 November 2005.
. The Company has granted Cazenove (on behalf of the Placing Underwriters) the Over-allotment Option, exerciseable at any time during the period commencing on 28 November 2005 and ending on 23 December 2005, both days inclusive, to require the Company to issue up to an aggregate of 30,000,000 additional Shares under the Stock Borrowing Agreement, further details of which are set out under the paragraph headed ‘‘Stabilisation and Over-Allotment Option’’ in the section headed ‘‘Information about this prospectus and the International Offering’’ of the Prospectus. The Overallotment Option has not been exercised as at the date of this announcement. If Cazenove decides to exercise the Over-allotment Option, the Company will issue a separate announcement.
. Dealings in the Shares on the main board of the Stock Exchange are expected to commence at 9: 30 a.m. on Thursday, 1 December 2005.

OFFER PRICE

The Offer Price has been determined at HK$2.25 per Share (plus brokerage fee of 1%, the Stock Exchange trading fee of 0.005%, the SFC transaction levy of 0.005% and investor compensation levy of 0.002%). The net proceeds of the International Offering (after deduction of underwriting fees and estimated expenses payable by the Company in relation to the International Offering, assuming the Over-allotment Option is not exercised) are estimated to be approximately HK$415 million. The Company intends to use these net proceeds for the following purposes:

. approximately HK$186 million to increase production capacity of existing plants (of which, approximately HK$98 million for Jiaxing Minhui, approximately HK$71 million for Guangzhou Minrui and approximately HK$17 million for other subsidiaries);
. approximately HK$69 million to establish new manufacturing facilities;
. approximately HK$63 million for R&D by expanding the Ningbo Technical Center and acquisition of more research equipment;

. approximately HK$34 million to establish overseas sales network;
. approximately HK$11 million to strengthen and develop strategic alliances;
. approximately HK$17 million for the implementation of ERP system to enhance management capability and efficiency; and
. approximately HK$35 million for general working capital

An additional net proceeds of approximately HK$65 million would be received if the Over-allotment Option is exercised in full. Accordingly, approximately HK$13 million would be used for Jiaxing Minhui, approximately HK$18 million would be used for new manufacturing facilities, approximately HK$21 million will be used for R&D by expanding the Ningbo Technical Center and acquisition of more research equipment, approximately HK$4 million to strengthen and develop strategic alliances and approximately HK$9 million will be used for the implementation of ERP system to enhance management capability and efficiency.

APPLICATIONS RECEIVED AND ALLOCATION OF PUBLIC OFFER SHARES

The Directors are pleased to announce that at the close of the application lists at 12: 00 noon on Friday, 25 November, 2005, a total of 843 valid applications have been received pursuant to the Public Offer for a total of 184,156,000 Public Offer Shares, equivalent to approximately 9.21 times the total number of 20,000,000 Shares initially available for subscription under the Public Offer.

A total of 831 valid applications in respect of a total of 126,656,000 Public Offer Shares were for Public Offer Shares with an aggregate subscription amount based on the maximum offer price of HK$2.56 per Share (excluding brokerage fee of 1%, the Stock Exchange trading fee of 0.005%, the SFC transaction levy of 0.005% and investor compensation levy of 0.002%) of HK$5 million or less (equivalent to approximately 12.67 times of the 10,000,000 Public Offer Shares initially available for allocation in pool A), and a total of 12 valid applications in respect of a total of 57,500,000 Public Offer Shares were for Public Offer Shares with an aggregate subscription amount based on the maximum offer price of HK$2.56 per Share (excluding brokerage fee of 1%, the Stock Exchange trading fee of 0.005%, the SFC transaction levy of 0.005% and investor compensation levy of 0.002% payable) of more than HK$5 million (equivalent to approximately 5.75 times of the 10,000,000 Public Offer Shares initially available for allocation in pool B). No multiple applications and suspected multiple applications have been identified. No application for more than 50% of the Offer Shares initially being offered to the public for subscription under the Public Offer (that is, more than 10,000,000 Public Offer Shares) has been identified. The Offer Shares offered in the Public Offer were conditionally allocated on the basis set out in the paragraph headed ‘‘Basis of allotment under the Public Offer’’ below.

The Company has granted to Cazenove (on behalf of the Placing Underwriters) the Over-allotment Option exercisable by Cazenove (on behalf of the Placing Underwriters) at any time during the period commencing on 28 November 2005 and ending on 23 December 2005, both days inclusive, to require the Company to issue and allot up to an aggregate of 30,000,000 additional Shares under the Stock Borrowing Agreement, further details of which are set out under the paragraph headed ‘‘Stabilisation and OverAllotment Option’’ in the section headed ‘‘Information about this prospectus and the International Offering’’ of the Prospectus. The Over-allotment Option has not been exercised as at the date of this announcement. If Cazenove decides to exercise the Over-allotment Option, the Company will issue a separate announcement.

In connection with the International Offering, Cazenove, as stabilizing manager, or any person acting for it, on behalf of the Underwriters, may over-allocate or effect transactions with a view to supporting the market price of the Shares at a level higher than that which might otherwise prevail for a limited period after the commencement of trading in the Shares on the Stock Exchange. However, there is no obligation on Cazenove or any person acting for it to do this. This stabilising activity may include exercising the

Over-allotment Option, stock borrowing, making purchases of Shares in the secondary market or selling Shares to liquidate a position held as a result of those purchases. Any such purchase will be made in compliance with all applicable laws, rules and regulatory requirements. Such stabilising action, if commenced, will be conducted at the sole and absolute discretion of Cazenove or any person acting for it and may be discontinued at any time, and must be brought to an end within 30 days of the last day for lodging applications under the Public Offer. Details of such stabilising action and how it is regulated under the SFO are contained in the Prospectus.

The Directors confirm that no Public Offer Shares have been allocated to applicants who are connected persons of the Company within the meanings of the Listing Rules.

INTERNATIONAL PLACING

The Board is also pleased to announce that the Shares initially offered under the International Placing were significantly over-subscribed. 30,000,000 Shares, representing 15% of the Offer Shares initially available under the International Offering, have been over-allocated under the International Placing whereby the 30,000,000 Shares are to be satisfied by Shares borrowed under the Stock Borrowing Agreement, further details of which are set out under the paragraph headed ‘‘Stabilisation and Over-Allotment Option’’ in the section headed ‘‘Information about this prospectus and the International Offering’’ of the Prospectus. The Placing Shares were successfully placed to 101 placees. The International Placing is in compliance with Appendix 6 to the Listing Rules. The Directors confirm that no Shares have been allocated under the International Placing to applicants who are connected persons (as defined in the Listing Rules) of the Company. None of Cazenove, the Underwriters and their respective Associates has taken up any Shares in the International Placing for its own benefit and no placee under the International Placing will be a substantial shareholder of the Company within the meaning of the Listing Rules.

BASIS OF ALLOTMENT UNDER THE PUBLIC OFFER

Subject to the satisfaction of the conditions set out in the paragraph headed ‘‘Conditions of the International Offering’’ in the section headed ‘‘Structure of the International Offering’’ of the Prospectus, valid applications made by the public on WHITE and YELLOW Application Forms will be allotted on the basis set out below:

NO. OF
SHARES
APPLIED FOR
POOL A
2,000
4,000
6,000
8,000
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
200,000
300,000
400,000
500,000
600,000
800,000
1,000,000
1,500,000
POOL B
2,000,000
2,500,000
3,000,000
4,000,000
8,000,000
10,000,000

NO. OF VALID
APPLICATIONS
BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF THE
TOTAL NO. OF SHARES
APPLIED FOR
48
1 out of 2 to receive 2,000 Shares
50.00%
29
23 out of 29 to receive 2,000 Shares
39.66%
9
2,000 Shares plus 1 out of 9 to receive additional 2,000 Shares
37.04%
10
2,000 Shares plus 2 out of 5 to receive additional 2,000 Shares
35.00%
89
2,000 Shares plus 18 out of 89 to receive additional 2,000 Shares
24.04%
90
4,000 Shares plus 3 out of 10 to receive additional 2,000 Shares
23.00%
45
6,000 Shares plus 4 out of 9 to receive additional 2,000 Shares
22.96%
13
8,000 Shares plus 5 out of 13 to receive additional 2,000 Shares
21.92%
34
10,000 Shares plus 9 out of 34 to receive additional 2,000 Shares
21.06%
22
12,000 Shares plus 7 out of 22 to receive additional 2,000 Shares
21.06%
17
14,000 Shares
20.00%
27
14,000 Shares
17.50%
2
14,000 Shares
15.56%
144
14,000 Shares
14.00%
73
14,000 Shares plus 37 out of 73 to receive additional 2,000 Shares
7.51%
45
18,000 Shares
6.00%
41
22,000 Shares
5.50%
57
26,000 Shares plus 10 out of 57 to receive additional 2,000 Shares
5.27%
24
30,000 Shares
5.00%
3
32,000 Shares
4.00%
5
36,000 Shares
3.60%
4
50,000 Shares plus 1 out of 2 to receive additional 2,000 Shares
3.40%
831
5
348,000 Shares
17.40%
1
434,000 Shares
17.36%
1
522,000 Shares
17.40%
1
696,000 Shares
17.40%
1
1,392,000 Shares
17.40%
3
1,738,000 Shares plus 1 out of 3 to receive additional 2,000 Shares
17.39%

RESULTS OF APPLICATIONS MADE USING WHITE APPLICATION FORMS

The following are the identification document numbers (where supplied) of successful applicants using WHITE Application Forms and the number of Public Offer Shares conditionally allotted to them.

Identification	Number of Public	Identification document	Number of Public
number	Offer Shares allotted	number	Offer Shares allotted
17580431	2,000	E5061591	2,000
A353839A	14,000	E5931960	2,000
A3846493	2,000	E7508283	2,000
A482860A	14,000	E9799307	2,000
A5105091	8,000	G0232695	2,000
A5380475	14,000	G0957010	6,000
A7118891	2,000	G1144595	2,000
A8447317	12,000	G1645748	6,000
A8577911	8,000	G421800A	4,000
A9422059	6,000	G5219034	4,000
B7663655	4,000	G5269120	8,000
B767424A	4,000	G5815664	2,000
C2843631	2,000	G6315401	2,000
C3415803	2,000	G6431037	2,000
C3930082	2,000	G6651037	4,000
C5868686	2,000	G7068629	8,000
C6314412	4,000	G8031400	2,000
C6373117	10,000	H3641408	4,000
D0167402	4,000	H4640707	2,000
D1903331	2,000	K0283401	8,000
D3659039	2,000	K0403369	2,000
D3871720	8,000	K1080334	14,000
D4286392	2,000	K1110977	2,000
D4315244	2,000	K1581023	2,000
D433043A	2,000	K1955365	10,000
D4600712	2,000	K208435A	14,000
D4701691	2,000	K2540002	12,000
D5909660	2,000	K3817539	8,000
D6329714	2,000	K5379520	2,000
D6757430	4,000	K8467919	2,000
D8004278	8,000	P2759628	2,000
D8511439	18,000	P4202396	4,000
E175598A	2,000	P9729341	4,000
E3188268	2,000	R0414270	8,000
E3694163	2,000	XD2923543	2,000
E4651344	2,000	Z0705447	2,000
E4906490	2,000

RESULTS OF APPLICATIONS MADE USING YELLOW APPLICATION FORMS

The following are the account numbers or identification document numbers (where supplied) of successful applicants using YELLOW Application Forms and the number of Public Offer Shares conditionally allotted to them.

Applications made through designated CCASS broker/custodian participants

Identification	Number of Public	Identification document	Number of Public
number	Offer Shares allotted	number	Offer Shares allotted
00603092	16,000	00603092	22,000
00603092	50,000	00603092	26,000
00603092	14,000	00603092	14,000
00603092	14,000	00603092	14,000
00603092	16,000	00603092	22,000
00603092	16,000	00603092	14,000
00603092	22,000	00603092	26,000
00603092	16,000	00603092	14,000
00603092	16,000	00603092	22,000
00603092	14,000	00603092	16,000
00603092	16,000	00603092	30,000
00603092	16,000	00603092	26,000
00603092	22,000	00603092	14,000
00603092	16,000	00603092	16,000
00603092	14,000	00603092	22,000
00603092	22,000	00603092	14,000
00603092	14,000	00603092	26,000
00603092	22,000	00603092	22,000
00603092	22,000	00603092	14,000
00603092	14,000	00603092	14,000
00603092	16,000	00603092	14,000
00603092	26,000	00603092	28,000
00603092	14,000	00603092	26,000
00603092	22,000	00603092	22,000
00603092	26,000	00603092	26,000
00603092	14,000	00603092	16,000
00603092	14,000	00603092	22,000
00603092	22,000	00603092	26,000
00603092	26,000	00603092	22,000
00603092	16,000	00603092	26,000
00603092	14,000	00603092	14,000
00603092	22,000	00603092	14,000
00603092	14,000	00603092	22,000
00603092	26,000	00603092	26,000
00603092	14,000	00603092	16,000
00603092	22,000	00603092	26,000
00603092	16,000	00603092	22,000
00603092	14,000	00603092	14,000
00603092	28,000	00603092	26,000
00603092	22,000	00603092	26,000
00603092	14,000	00603092	22,000
00603092	14,000	00603092	14,000
00603092	26,000	00603092	22,000
00603092	16,000	00603092	26,000
00603092	26,000	00603092	28,000
00603092	16,000	00603092	14,000
00603092	16,000	00603092	16,000
00603092	22,000	00603092	26,000
00603092	26,000	00603092	22,000
00603092	14,000	00603092	26,000
00603092	14,000	00603092	14,000
00603092	14,000	00603092	22,000

Identification document Number of Public Identification document Number of Public number Offer Shares allotted number Offer Shares allotted

00603092	16,000	00603092	30,000
00603092	14,000	00603092	18,000
00603092	26,000	00603092	30,000
00603092	22,000	00603092	18,000
00603092	14,000	00603092	14,000
00603092	26,000	00603092	30,000
00603092	22,000	00603092	18,000
00603092	16,000	00603092	14,000
00603092	14,000	00603092	30,000
00603092	28,000	00603092	18,000
00603092	14,000	00603092	18,000
00603092	14,000	00603092	30,000
00603092	26,000	00603092	18,000
00603092	16,000	00603092	30,000
00603092	26,000	00603092	18,000
00603092	14,000	00603092	30,000
00603092	16,000	00603092	18,000
00603092	26,000	00603092	18,000
00603092	16,000	00603092	30,000
00603092	30,000	00603092	18,000
00603092	14,000	00603092	30,000
00603092	26,000	00603092	18,000
00603092	16,000	00603092	30,000
00603092	26,000	00603092	30,000
00603092	30,000	00603092	30,000
00603092	18,000	04994401	14,000
00603092	14,000	11193268	14,000
00603092	14,000	12132312	28,000
00603092	26,000	12132312	26,000
00603092	30,000	12132312	26,000
00603092	14,000	12132312	28,000
00603092	26,000	12132312	14,000
00603092	18,000	12132312	2,000
00603092	30,000	12132312	14,000
00603092	14,000	12132312	2,000
00603092	26,000	12132312	26,000
00603092	14,000	12132312	22,000
00603092	18,000	12132312	26,000
00603092	14,000	12132312	26,000
00603092	30,000	12132312	26,000
00603092	18,000	12132312	28,000
00603092	14,000	12132312	22,000
00603092	14,000	12132312	28,000
00603092	30,000	12132312	26,000
00603092	14,000	16063767	8,000
00603092	30,000	16063767	18,000
00603092	18,000	16063767	18,000
00603092	14,000	16063767	348,000
00603092	18,000	16063767	18,000
00603092	30,000	16063767	18,000
00603092	14,000	16063767	18,000
00603092	18,000	16063767	28,000
00603092	30,000	16063767	18,000
00603092	18,000	16063767	18,000
00603092	18,000	16063767	18,000
00603092	14,000	16063767	22,000
00603092	30,000	16063767	22,000
00603092	18,000	16577950	6,000
00603092	14,000	16577950	4,000
00603092	18,000	16577950	6,000

Identification document Number of Public Identification document Number of Public number Offer Shares allotted number Offer Shares allotted

16577950	2,000	16577950	4,000
16577950	8,000	16577950	4,000
16577950	2,000	16577950	4,000
16577950	6,000	16577950	2,000
16577950	6,000	16577950	4,000
16577950	2,000	16577950	4,000
16577950	2,000	16577950	2,000
16577950	2,000	16577950	4,000
16577950	2,000	16577950	6,000
16577950	8,000	16577950	2,000
16577950	4,000	16577950	4,000
16577950	6,000	16577950	2,000
16577950	4,000	16577950	2,000
16577950	6,000	16577950	2,000
16577950	6,000	16577950	4,000
16577950	32,000	16577950	2,000
16577950	6,000	16577950	2,000
16577950	6,000	16577950	4,000
16577950	8,000	16577950	4,000
16577950	8,000	16577950	2,000
16577950	6,000	16577950	4,000
16577950	6,000	16577950	4,000
16577950	8,000	16577950	4,000
16577950	6,000	16577950	2,000
16577950	8,000	16577950	6,000
16577950	18,000	16577950	4,000
16577950	6,000	16577950	2,000
16577950	8,000	16577950	6,000
16577950	18,000	16577950	4,000
16577950	6,000	16577950	4,000
16577950	8,000	16577950	6,000
16577950	6,000	16577950	4,000
16577950	6,000	16577950	6,000
16577950	6,000	16577950	2,000
16577950	8,000	16577950	6,000
16577950	6,000	16577950	2,000
16577950	4,000	16577950	6,000
16577950	6,000	16577950	6,000
16577950	4,000	16577950	4,000
16577950	4,000	16577950	4,000
16577950	4,000	16577950	4,000
16577950	4,000	16577950	4,000
16577950	2,000	16577950	4,000
16577950	4,000	16577950	4,000
16577950	2,000	16577950	4,000
16577950	6,000	16577950	4,000
16577950	6,000	16577950	6,000
16577950	2,000	16577950	2,000
16577950	4,000	16577950	4,000
16577950	2,000	16577950	2,000
16577950	2,000	16577950	4,000
16577950	2,000	16577950	4,000
16577950	4,000	16577950	2,000
16577950	2,000	16577950	4,000
16577950	4,000	16577950	2,000
16577950	2,000	16577950	4,000
16577950	2,000	16577950	2,000
16577950	6,000	16577950	2,000
16577950	4,000	16577950	4,000
16577950	4,000	16577950	2,000

Identification	Number of Public	Identification document	Number of Public
number	Offer Shares allotted	number	Offer Shares allotted
16577950	4,000	18900622	14,000
16577950	2,000	18900622	12,000
16577950	2,000	18900622	12,000
16577950	2,000	18900622	12,000
16577950	2,000	18900622	12,000
16577950	2,000	18900622	12,000
16577950	4,000	18900622	12,000
17782788	2,000	18900622	12,000
18900622	14,000	18900622	14,000
18900622	14,000	234120	32,000
18900622	14,000	234120	18,000
18900622	14,000	234120	14,000
18900622	14,000	30891477	30,000
18900622	14,000	D4284063	2,000
18900622	14,000	D4534353	8,000
18900622	14,000	D490889A	4,000
18900622	14,000	E5053947	2,000
18900622	14,000	E8631763	2,000
18900622	14,000	G1634258	14,000
18900622	14,000	G6330311	2,000
18900622	14,000	H3087893	2,000
18900622	14,000	K283605A	6,000
18900622	14,000	K3357546	2,000
18900622	14,000	K3665968	2,000
18900622	14,000	K3701417	4,000
18900622	14,000	K6975593	2,000
18900622	14,000	P511105A	2,000
18900622	14,000	P7238154	6,000
18900622	14,000	P7660794	2,000
18900622	14,000	P9769912	14,000
18900622	14,000	R2707135	4,000
18900622	14,000	R2760621	8,000
18900622	12,000	R282509A	2,000
18900622	14,000	R3222178	4,000

Applications made by CCASS investor participants

No Applicants applied as CCASS Investor Participants using YELLOW Application Forms.

RESULTS OF VALID EIPO APPLICATIONS

The following are the relevant identification document numbers (where supplied) of successful applicants using EIPO application made by CCASS Participants and the number of Public Offer Shares to be conditionally allotted to them:

Identification	Number of Public	Identification document	Number of Public
number	Offer Shares allotted	number	Offer Shares allotted
D2283779	10,000	D12050081	14,000
10026550	10,000	D3540090	4,000
131462470	8,000	D645155-2	4,000
132903088	4,000	E3552431	14,000
156960724	4,000	E4908922	16,000
15844681	36,000	E8265554	10,000
200085970	4,000	F10306478	14,000
205106578	6,000	G030347-9	2,000
209098920	4,000	G1351515	6,000
211619773	4,000	G22046343	14,000
266483437	2,000	G4160796	6,000
328070420	2,000	G5770873	14,000
383399235	2,000	H406790-A	6,000
395054034	10,000	K0444383	6,000
440105690	8,000	K2029960	4,000
500000	26,000	K477852(9	2,000
A7430313	14,000	M16316561	12,000
A8152619	4,000	P2684016	16,000
A8493297	14,000	XA799159A	2,000
B7800083	4,000	Z10003607	14,000

COLLECTION/POSTING OF SHARE CERTIFICATES/REFUND CHEQUES

Share certificates for wholly or partially successful applications on WHITE Application Forms and refund cheques in respect of wholly or partially unsuccessful applications on WHITE and YELLOW Application Forms are expected to be despatched by ordinary post to those entitled at their own risk on Wednesday, 30 November 2005. Applicants who have applied on WHITE Application Forms for 1,000,000 Public Offer Shares or above and have indicated in their Application Forms their wish to collect their refund cheques and, where applicable, share certificates in person may do so from Computershare Hong Kong Investor Services Limited, at Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong from 9: 00 a.m. to 1: 00 p.m. on Wednesday, 30 November 2005. Applicants who have applied on YELLOW Application Forms for 1,000,000 Public Offer Shares or above and have indicated in their Application Forms their wish to collect their refund cheques in person may do so from Computershare Hong Kong Investor Services Limited at the above address during the above times.

Applicants being individuals who have applied for 1,000,000 Public Offer Shares or above and have opted for personal collection must not authorise any other person to make their collection on their behalf. Applicants must show their identification documents (which must be acceptable to Computershare Hong Kong Investor Services Limited) to collect share certificates and/or refund cheques. Applicants being corporations which have opted for personal collection must attend by their authorised representatives bearing letters of authorisation from their corporations stamped with the corporations’ chops. Their authorised representatives must produce at the time of collection evidence of identity acceptable to Computershare Hong Kong Investor Services Limited. Uncollected refund cheques and share certificates will be despatched by ordinary post at the applicants’ own risk to the address specified in the relevant Application Forms promptly thereafter. Share certificates will only become valid documents of title at 8: 00 a.m. on Thursday, 1 December 2005, provided that (i) the International Offering has become unconditional in all respects; and (ii) the right of termination described in the paragraph headed ‘‘Grounds for termination’’ in the section headed ‘‘Underwriting’’ of the Prospectus has not been exercised. Refunds in respect of applications through EIPO will be credited to the relevant applicants’ designated bank

accounts or the bank accounts of their brokers or custodians on Wednesday, 30 November 2005. Applicants can check the amount of refund monies (if any) with their designated CCASS Participants (if they applied through CCASS Broker/Custodian Participants) or through the CCASS Phone System or CCASS Internet System (under the procedures contained in HKSCC’s ‘‘An Operating Guide for Investor Participants’’ in effect from time to time) on Wednesday, 30 November 2005.

DEPOSIT OF SHARE CERTIFICATES INTO CCASS

Applicants applying through EIPO should check the results of the Public Offer published herein (for applicants through EIPO, they can also check their application results via the CCASS Phone System or CCASS Internet System) and report any discrepancies to HKSCC before 5: 00 p.m. on Wednesday, 30 November 2005 or such other date as shall be determined by HKSCC or HKSCC Nominees Limited. For those wholly or partially successful applicants using YELLOW Application Forms or through EIPO who are allotted Public Offer Shares in the name of HKSCC Nominees Limited, the allotted Public Offer Shares will be deposited directly into CCASS for credit to their CCASS investor participant stock accounts or designated CCASS participants’ stock accounts as instructed by such applicants at the close of business on Wednesday, 30 November 2005 or in the event of a contingency, on any other date as shall be determined by HKSCC or HKSCC Nominees Limited. Applicants applying through their designated CCASS participants (other than CCASS investor participants) can arrange with their designated CCASS participants to advise them of the number of Public Offer Shares allotted under their applications.

COMMENCEMENT OF DEALINGS

Dealings in the Shares on the main board of the Stock Exchange are expected to commence at 9: 30 a.m. on Thursday, 1 December 2005. The Shares will be traded in board lots of 2,000 Shares.

As at the date of this announcement, the executive Directors are Mr. Chin Jong Hwa, Mr. Shi Jian Hui, Mr. Mu Wei Zhong, Mr. Chin Jung Huang, Mr. Liang Current Tien Tzu, the non-executive Director is Shaw Sun Kan Gordon, and the independent non-executive Directors are Mr. Heng Kwoo Seng, Dr. Wang Ching and Mr. Zhang Liren.

By order of the Board Minth Group Limited Chin Jong Hwa Chairman

Hong Kong, 29 November 2005

Please also refer to the published version of this announcement in South China Morning Post.

AI assistant

Minth Group Limited Capital/Financing Update 2005

49208_rns_2005-11-30_f43d806b-0ab6-43bd-8db0-6f769d728f8e.pdf