Synagistics Limited — Share Issue/Capital Change 2003

Mar 18, 2003

This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') and Hong Kong Securities Clearing Company Limited (''HKSCC'') take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Unless defined otherwise, terms in this announcement shall have the same meanings as those defined in the prospectus dated 7 March, 2003 (the ''Prospectus'') issued by Concepta Investments Limited (the ''Company'').

Concepta Investments Limited

正奇投資有限公司*

(incorporated in the Cayman Islands with limited liability)

Placing and public offer

	Total number of Offer Shares	:	75,000,000 Shares
	Number of Placing Shares	:	54,000,000 Shares (subject to re-allocation)
	Number of Public Offer Shares	:	21,000,000 Shares (subject to re-allocation)
	Issue Price	:	HK$0.50 per Share
	Nominal Value	:	HK$0.10 each
	Stock Code	:	1140

Investment Manager

Oriental Patron Fund Management

	Sponsor	Co-Sponsor and Lead Manager
	Kingston Corporate Finance Limited	Oriental Patron Asia Limited

Underwriters

Oriental Patron Asia Limited	Kingston Securities Limited
DL Brokerage Limited	Sanfull Securities Limited
CM-CCS Securities Limited	Get Nice Investment Limited

SUMMARY

* At the close of the application lists of the Public Offer at 12:00 noon on Wednesday, 12th March 2003, a total of 128 valid applications pursuant to the Public Offer on WHITE and YELLOW application forms for a total of 23,504,000 Public Offer Shares have been received, equivalent to approximately 1.12 times of the total number of the Public Offer Shares initially available for subscription under the Public Offer.

* In respect of the 54,000,000 Placing Shares initially available to the professional, institutional and selected investors in Hong Kong for subscription under the Placing, applications for 54,000,000 Placing Shares have been received, equivalent to the total number of 54,000,000 Placing Shares initially available for subscription under the Placing. All of the 54,000,000 Placing Shares have been conditionally allocated in full under the Placing.

* Share certificates and/or refund cheques (where applicable) which are not available for personal collection will be despatched to those entitled thereto to the addresses specified in the relevant application forms by ordinary post at their own risk on Tuesday, 18th March, 2003. Share certificates and/or refund cheques (where applicable) which are available for personal collection but not collected by 1:00 p.m. on Tuesday, 18th March, 2003 will be despatched by ordinary post to those entitled thereto to the addresses as set out in their application forms at their own risk shortly thereafter.

* The share certificates for the Public Offer Shares allocated to wholly or partially successful applicants using YELLOW application forms will be issued in the name of HKSCC Nominees Limited and are expected to be deposited into CCASS for credit to their designated CCASS participants' stock accounts maintained in CCASS at the close of business on Tuesday, 18th March, 2003, or under contingent situation, on such other date as shall be determined by HKSCC or HKSCC Nominees Limited.

* Dealings in the Shares on the main board of the Stock Exchange are expected to commence at 9:30 a.m. on Thursday, 20th March, 2003.

APPLICATIONS for public offer shares RECEIVED

The Directors announce that as at the close of the application lists of the Public Offer at 12:00 noon on Wednesday, 12th March, 2003, a total of 128 valid applications had been received pursuant to the Public Offer on WHITE and YELLOW application forms for a total of 23,504,000 Public Offer Shares, equivalent to approximately 1.12 times of total number of the Public Offer Shares initially available for subscription under the Public Offer. 128 valid applications on WHITE and YELLOW application forms for a total of 23,504,000 Public Offer Shares were received, each of which was applied for not more than 10,000,000 Shares (equivalent to a value (excluding amounts of brokerage, the SFC transaction levy and the Stock Exchange trading fee payable thereon) of HK$5 million or less, based on the Issue Price of HK$0.50), equivalent to approximately 2.24 times of the total number of 10,500,000 Public Offer Shares initially available for allocation in pool A. No valid application was received for Public Offer Shares in value (excluding amounts of brokerage, the SFC transaction levy and the Stock Exchange trading fee payable thereon) of more than HK$5 million and up to the total value of pool B. All the 10,500,000 surplus Public Offer Shares from pool B have been transferred to satisfy the demand in pool A and have been allocated accordingly. No multiple or suspected multiple applications have been identified. The Public Offer Shares validly applied for on WHITE and YELLOW application forms were conditionally allocated on the basis set out in the paragraph headed ''Basis of Allotment'' below.

PLACING

The Directors further announce that in respect of the 54,000,000 Placing Shares available to the professional, institutional and selected investors in Hong Kong for subscription under the Placing, applications for 54,000,000 Placing Shares have been received, equivalent to the total number of 54,000,000 Placing Shares initially available for subscription under the Placing. All of the 54,000,000 Placing Shares have been conditionally allocated in full under the Placing to 11 placees who are independent of and not connected with any of the Directors, chief executive or substantial Shareholder of the Company or any of their respective associates under the meaning of the Listing Rules.

The Placing is in compliance with the placing guidelines for equity securities set forth in Appendix 6 to the Listing Rules and the Directors confirm that no Offer Shares will be allotted to applicants who are connected persons of the Company within the meaning of the Listing Rules. None of the Sponsor, the Co-Sponsor, the Underwriters and their respective affiliated companies has subscribed or taken up any Shares for their own account under the Share Offer, except that, under the Public Offer, DL Brokerage Limited and its affiliated companies have applied for a total of 3,500,000 Shares and are conditionally alloted 3,080,000 Shares and Sanfull Securities Limited and its affiliated companies have applied for a total of 280,000 and are conditionally alloted 256,000 Shares.

BASIS OF ALLOTMENT

Subject to the satisfaction of the conditions set out in the paragraph headed ''Conditions of the Share Offer'' under the section headed ''Structure of the Share Offer'' in the Prospectus, the Public Offer Shares initially available for subscription made by the public on WHITE and YELLOW application forms will be allotted on the following basis:

Number of Number of Approximate percentage of allocation

Public Offer Shares Number of valid Public Offer Shares based on the total number of

applied for per application applications allotted per application Public Offer Shares applied for

4,000 5 4,000 Shares 100%

8,000 5 8,000 Shares 100%

12,000 6 12,000 Shares 100%

16,000 2 16,000 Shares 100%

20,000 14 20,000 Shares 100%

40,000 19 40,000 Shares 100%

60,000 14 60,000 Shares 100%

80,000 7 80,000 Shares 100%

100,000 24 88,000 Shares plus 1 out of 24 to 88.17%

receive additional 4,000 Shares

200,000 17 176,000 Shares 88%

300,000 3 264,000 Shares 88%

400,000 4 352,000 Shares 88%

500,000 3 440,000 Shares 88%

1,000,000 1 880,000 Shares 88%

1,100,000 1 968,000 Shares 88%

1,500,000 1 1,320,000 Shares 88%

2,000,000 1 1,760,000 Shares 88%

5,500,000 1 4,840,000 Shares 88%

RESULTS OF CCASS INVESTOR PARTICIPANTS' APPLICATIONS USING YELLOW APPLICATION FORMS

No valid application has been received from CCASS investor participants applying on YELLOW application forms.

COLLECTION/DESPATCH OF SHARE CERTIFICATES AND/OR REFUND CHEQUES

Share certificates and/or refund cheques where applicable which are either not available for personal collection in respect of wholly or partially successful applications under the Public Offer on WHITE and YELLOW application forms are expected to be sent to the addresses specified in the relevant application forms by ordinary post to those entitled thereto at their own risk on or before Tuesday, 18th March, 2003. Share certificates and/or refund cheques (where applicable) which are available for personal collection but not collected by 1:00 p.m. on Tuesday, 18th March, 2003 will be despatched to those entitled thereto to the addresses as set out in their application forms by ordinary post at their own risk shortly thereafter. Applicants who have applied for 2,000,000 Public Offer Shares or more and have indicated on their application forms that they would collect their share certificates and/or refund cheques (where applicable) in person may collect their share certificates and/or refund cheques from Abacus Share Registrars Limited at Ground Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Tuesday, 18th March, 2003. Identification and authorisation documents (where appropriate) acceptable to Abacus Share Registrars Limited must be produced at the time of collection. Uncollected share certificates and refund cheques will be despatched by ordinary post to those entitled thereto to the addresses as set out in their application forms at their own risk shortly thereafter.

DEPOSIT OF SHARE CERTIFICATES INTO CCASS

For those wholly or partially successful applicants applying with YELLOW application forms who are allotted the Public Offer Shares in the name of HKSCC Nominees Limited, the allotted Public Offer Shares, subject to any adjustments, will be deposited directly into CCASS for credit to their designated CCASS participants' stock accounts maintained in CCASS at the close of business on Tuesday, 18th March, 2003 or under contingent situation, on such other date as shall be determined by HKSCC or HKSCC Nominees Limited. Applicants applying through their designated CCASS participants (other than CCASS investor participants) can check with their designated CCASS participants the number of Public Offer Shares allotted under their applications.

COMMENCEMENT OF DEALINGS

The Company has applied to the Listing Committee for the granting of the approval for the listing of, and permission to deal in, the Shares in issue and to be issued as mentioned in the Prospectus.

Dealings in the Shares on the main board of the Stock Exchange (Stock Code: 1140) are expected to commence at 9:30 a.m. on Thursday, 20th March, 2003.

By order of the Board

Concepta Investments Limited

Zhang Gaobo

Executive Director

Hong Kong, 17th March, 2003

* for identification purposes only

Please also refer to the published version of this announcement in The Standard dated 18 March 2003.