Smart-Core Holdings Limited — Net Asset Value 2005

Aug 9, 2005

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 913)

NET ASSET VALUE ISSUE OF UP TO HK$20,000,000 5 PER CENT CONVERTIBLE NOTES DUE 2010 MONTHLY ANNOUNCEMENT

Unity Investments Holdings Limited announces that the unaudited net asset value per ordinary share as at 31st July 2005 was HK$0.17.

Reference is made to the Company’s circular dated 14 June 2005 (the “Circular”). Unless the context herein otherwise requires, terms used in this announcement shall have the same meanings as defined in the Circular.

The information set out below is required to be confirmed by the Directors pursuant to the listing approval granted by the Stock Exchange in respect of the Shares to be issued and allotted upon the exercise of the conversion rights attaching to the Convertible Notes. The Directors fail to comply with the requirement to publish the following information in an announcement on or before the fifth business day following the end of each calendar month due to inadvertent omission.

The Directors wish to report that the holders of the Convertible Notes made no conversion of the Convertible Notes during the month of July 2005. Information regarding the total issued share capital of the Company as at 1st July 2005 and 31st July 2005 is set out below:

		Issued Share	Number of
		Capital	Shares
		(HK$)
As at	1st July 2005	5,278,760.05	527,876,005
As at	31st July 2005	5,278,760.05	527,876,005

By Order of the Board Unity Investment Holdings Limited Pang Shuen Wai, Nichols Executive Director

9th August 2005

As at the date of this announcement, the executive directors are Ms. AU Shuk Yee Sue, Mr. KITCHELL Osman Bin and Dr. PANG Shuen Wai Nichols. The independent non-executive directors are Mr. LAM Ping Cheung, Mr. WONG Ying Seung Asiong, Mr. CHUNG Kong Fei Stephen and Mr. TSANG Wing Ki.

“Please also refer to the published version of this announcement in The Standard”

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