Tomson Group Limited — M&A Activity 2000

Jan 21, 2000

Listed Company Information

PO WING KWAN<0149> - 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. PO WING KWAN INTERNATIONAL (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) (the "Company") Announcement The board of directors (the "Board") of the Company has noted the increases in the price and trading volume of the shares of the Company on 20th January, 2000. The Company is in negotiation with a connected person (as defined under the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited ("SEHK")) on the acquisition of a strategic holding in a company engaged in securities brokerage business (the "Proposed Acquisition"). The terms of the Proposed Acquisition have not been concluded. The Proposed Acquisition, if proceed, will constitute a Notifiable Transaction as defined under the Listing Rules of SEHK. This statement is made at the request of SEHK. The Board has noted the increases in the price and trading volume of the shares of the Company on 20th January, 2000. The Board confirms that the Company is in negotiation with a connected person (as defined under the Listing Rules of SEHK) on the acquisition of a strategic holding in a company engaged in securities brokerage business (the "Proposed Acquisition"). The terms of the Proposed Acquisition have not been concluded. The stage of negotiations is preliminary and no agreements in relation to the aforesaid have been signed. The Proposed Acquisition may or may not proceed. The Proposed Acquisition, if proceed, will constitute a Notifiable Transaction as defined under the Listing Rules of SEHK. Shareholders will be duly informed as and when appropriate. Save as disclosed above, the Board 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 a price-sensitive nature. Investors should exercise extreme caution when dealing in the shares of the Company. Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement. By Order of the Board Ng Kwan Sau Mona Company Secretary Hong Kong, 20th January, 2000