Novautek Technologies Group Limited — Share Issue/Capital Change 2000

Apr 19, 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.

KONG SUN HOLDINGS LIMITED

(incorporated in Hong Kong with limited liabilities)

The Extraordinary General Meeting convened for the purpose of approving, inter alia, the Bonus Issue was adjourned. A separate notice setting out details of the adjourned meeting will be given to the Shareholders later.

The board of Directors (the "Board") of the Company refers to the circular (the "Circular") of the Company to its shareholders dated 31st March, 2000 in relation to the Bonus Issue. Terms defined in the Circular shall have the same meaning when used herein unless the context otherwise required.

The Board wishes to announce that a quorum was not present within the time stipulated after the time appointed for the Extraordinary General Meeting under the articles of association of the Company and accordingly, the chairman of the Extraordinary General Meeting declared the meeting to be stood adjourned to a date (not being less than fourteen nor more than twenty-eight days from the date of the Extraordinary General Meeting) and at such place to be determined by the Board. A notice in writing setting out details of the adjourned meeting will be given to the Shareholders as soon as practicable but in any event no later than 7 days prior to the date of the adjourned meeting.

Subject to the approval by the Shareholders to the Bonus Issue, the subscription period of the Warrants will commence from the date of issue of the Warrants and expire on 25th April, 2002 and the terms of the Warrants will not be affected by the change in the original expected timetable of the Bonus Issue as a result of the adjournment of the Extraordinary General Meeting. Further announcement will be made by the Company in relation to the expected date of despatch of the Warrant certificates and the expected date of commencement of dealing in the Warrants as soon as practicable.

The Record Date for determination of entitlements to the Bonus Issue remains unchanged, i.e. 18th April, 2000.

On behalf of the Board

Kong Sun Holdings Limited

Kong Look Sen

Chairman

Hong Kong, 18th April, 2000