Sino Splendid Holdings Limited — Share Issue/Capital Change 2000

Mar 27, 2000

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 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.

hongkong.com Corporation

(incorporated in the Cayman Islands with limited liability)

Exercise of Over-allotment Option

On 27th March, 2000, BNP Prime Peregrine Securities and Lehman Brothers Securities on behalf of the Underwriters fully exercised the Over-allotment Option in respect of 96,000,000 additional new Shares (the “Over-allotment Shares”) at an issue price HK$1.88 per Share.

Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the prospectus dated 28th February, 2000 (the “Prospectus”) issued by hongkong.com Corporation (“the Company”).

The Board announces that the Over-allotment Option granted by the Company referred to in the Prospectus was exercised in full by BNP Prime Peregrine Securities and Lehman Brothers Securities on behalf of the Underwriters on 27th March, 2000 in respect of the Over-allotment Shares, solely to cover over-allocations in the Placing. The Over-allotment Shares will be issued and allotted by the Company at an issue price of HK$1.88 per Share, being the Issue Price and are expected to be issued and listed on the Stock Exchange on 30th March, 2000. The Over-allotment Shares represent 2.4% of the existing issued share capital of the Company and 2.3% of the enlarged issued share capital of the Company after the exercise of the Over-allotment Option.

The tables below set out certain information on the Company’s issued share capital immediately before and immediately after the exercise of the Over-allotment Option:

Prior to exercise of Over-allotment Option:

ShareholderChinadotcomDirectorsPublicTotal	Shares3,360,000,00040,000,000600,000,0004,000,000,000	%84.001.0015.00
		100.00

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Immediately after the exercise of Over-allotment Option:

Shareholder	Shares	%
Chinadotcom	3,360,000,000	82.03
Directors	40,000,000	0.98
Public	696,000,000	16.99
Total	4,096,000,000	100.00

As stated in the Prospectus, the net proceeds of approximately HK$174 million from the issue of the Over-allotment Shares will be applied by the Company for further acquisitions of and investments in Internet related companies that are complementary to the Group’s business, for marketing and advertising activities, for further enhancing the Group’s network infrastructure, for purchasing additional software applications and for general working capital for corporate purposes.

By Order of the Board hongkong.com Corporation Rudy Chan Executive Director

Hong Kong, 27th March, 2000

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading; there are no other matters the omission of which would make any statement in this announcement misleading; and all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the GEM website on the “Latest Company Announcements” page for 7 days from the date of its posting.

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