Novautek Technologies Group Limited — Proxy Solicitation & Information Statement 2002

Mar 25, 2002

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.

KONG SUN HOLDINGS LIMITED

江山控股有限公司

(incorporated in Hong Kong with limited liability)

ADJOURNMENT OF THE EGM

NOTICE OF THE ADJOURNED EGM

The EGM convened for the purpose of approving, inter alia, the Subscription was adjourned from 22 March 2002 to 19 April 2002 at 10:30 a.m. due to there not being a quorum present at the meeting.

Kong Sun and Kong Fa have entered into an agreement to postpone the completion date of the subscription to on or before 12:00 p.m. 31 May 2002.

The Board refers to the circular of the Company to its shareholders dated 27 February 2002 in relation to the Connected Transaction - Placing and Subscription of Shares (the "Circular"). Terms defined in the Circular shall have the same meanings as those used herein unless the context otherwise required.

The Board wishes to announce that a quorum was not present at the EGM held on 22 March 2002 at 10:30 a.m. within the time stipulated under the articles of association of Kong Sun and accordingly, the chairman of the EGM declared the meeting to be stood adjourned to 19 April 2002 at 10:30 a.m.

NOTICE IS HEREBY GIVEN that the EGM of Kong Sun be adjourned from 22 March 2002 to 19 April 2002 at 10:30 a.m. and will be held at Units 9-10, 13th Floor, Tower One, Lippo Centre, 89 Queensway, Hong Kong, for the purpose of considering and, if thought fit, passing the resolutions set out in the notice of the EGM dated 27 February 2002.

Pursuant to the articles of association of the Company, any one member of the Company present in person or by proxy at the adjourned meeting shall be a quorum.

As a result of the adjourned meeting, Kong Sun and Kong Fa have entered into an agreement to postpone the completion date of the subscription to be on or before 12:00 p.m. on 31 May 2002.

By Order of the Board

Kong Sun Holdings Limited

Kong Look Sen

Chairman and Managing Director

Hong Kong, 22 March 2002

Registered Office:

Units 9-10, 13th Floor

Tower One, Lippo Centre

89 Queensway

Hong Kong

Notes:

1. Any member of the Company entitled to attend and vote at the above adjourned meeting is entitled to appoint one or more than one proxy to attend and vote instead of him. A proxy need not be a member of the Company.

2. To be valid, a form of proxy, together with the relevant power of attorney or other authority, if any, under which it is signed or a notarially certified copy thereof, must be deposited at the Company's registered office at Units 9-10, 13th Floor, Tower One, Lippo Centre, 89 Queensway, Hong Kong not less than forty eight hours before the time appointed for holding of the above adjourned meeting or any further adjournment thereof.

3. A form of proxy for use at the above adjourned meeting will be available for collection at the registered office of the Company or upon request. The form of proxy lodged for the meeting held on 22 March 2002 is valid for the adjourned meeting.

"Please also refer to the published version of this announcement in the Hong Kong i-mail"