Shanghai Able Digital Science&Tech Co., Ltd. — Director's Dealing 2000

Mar 28, 2000

Listed Company Information

SE ASIA WOOD<1205> - Announcement 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. SOUTH EAST ASIA WOOD INDUSTRIES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) ANNOUNCEMENT SUMMARY Barlington Limited, a company incorporated in the British Virgin Islands which is beneficially owned as to 65% by Mr. Wong Chak Ming, William and 35% by Mr. Hui Lap Chun, had sold 32,000,000 shares of the Company on 20th March, 2000 and 21st March, 2000 which represented in aggregate 5.33% of the issued share capital of the Company. This announcement is made at the request of The Stock Exchange of Hong Kong Limited. The board of directors (the "Board") of South East Asia Wood Industries Holdings Limited (the "Company") had noted the recent decrease in the price of the shares of the Company and wishes to state that it is not aware of any reasons for such decrease. Barlington Limited has informed the Company on 22nd March 2000 that it had sold 32,000,000 shares of HK$0.10 each of the Company on 20th March 2000 and 21st March, 2000 which represented in aggregate 5.33% of the issued share capital of the Company. Barlington Limited is a company incorporated in the British Virgin Islands which is beneficially owned as to 65% by Mr. Wong Chak Ming, William and 35% by Mr. Hui Lap Chun, both of whom are directors of the Company. The shareholding interest of Barlington in the Company was decreased from 43.2% to 37.9%. Save as disclosed in the Company's press announcement dated 17th March, 2000, the Board also confirms that there are no negotiations or agreements relating to intended acquisitions or realisations 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 price sensitive nature. Made by the order of the Board the directors of which individually and jointly accept reasonsibility for the accuracy of this announcement. By Order of the Board South East Asia Wood Industries Holdings Limited Wong Chak Ming, William Director Hong Kong, 27th March, 2000