Tomson Group Limited — Major Shareholding Notification 2000

Mar 23, 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) ANNOUNCEMENT The Board of the Company has noted the increases in the price and trading volume of the shares of the Company on 22nd March, 2000 and wishes to state that the Board is not aware of any reasons for such increases. Subsequent to the Company's announcement dated 16th March, 2000, the Company received several SDI notices from certain substantial shareholders of the Company notifying their respective change of shareholdings in the capital of the Company. According to the information available to the Company, the respective shareholdings of all substantial shareholders of the Company are as follows: WGL - increased from 118,762,500 shares (10.45%) to 119,675,000 shares (10.53%) GFL - holding 269,427,500 shares (23.71%) REL - deemed to be interested in 119,675,000 shares (10.53%) CSHL - deemed to be interested in 389,102,500 shares (34.24%) Mr. Oei - deemed to be interested in 389,102,500 shares (34.24%) VOL - increased from 133,747,500 shares (11.77%) to 136,727,500 shares (12.03%) Mr. Chung - deemed to be interested in 136,727,500 shares (12.03%) This statement is made at the request of The Stock Exchange of Hong Kong Limited. The board of directors (the "Board") of Po Wing Kwan International (Holdings) Limited (the "Company") has noted the increases in the price and trading volume of the shares of the Company on 22nd March, 2000 and wishes to state that the Board is not aware of any reasons for such increases. Reference is made to the announcement of the Company dated 16th March, 2000 (the "Announcement"). Subsequent to the Announcement, the Company received several SDI notices from certain substantial shareholders of the Company notifying their respective change of shareholdings in the capital of the Company. According to the information available to the Company, the respective shareholdings of all substantial shareholders of the Company are as follows: Before Existing No. of No. of shares held Percent. shares held Percent. A. 1. Wealthy Gain Limited ("WGL") 118,762,500 10.45% 119,675,000 10.53% 2. Golden Flower Limited ("GFL") 269,427,500 23.71% 269,427,500 23.71% 3. Ruby Enterprises Limited ("REL") is deemed to be interested in 119,675,000 shares of the Company held by WGL. 4. China Strategic Holdings Limited ("CSHL") through WGL, GFL and REL, is deemed to be interested in 389,102,500 shares of the Company, representing 34.24% interest in the capital of the Company. 5. Mr. Oei Hong Leong ("Mr. Oei") through CSHL, is deemed to be interested in 389,102,500 shares of the Company, representing 34.24% interest in the capital of the Company. Before Existing No. of No. of shares held Percent. shares held Percent. B. 1. Vigor Output Limited ("VOL") 133,747,500 11.77% 136,727,500 12.03% 2. Mr. Chung Chi Wah ("Mr. Chung"), Chairman of the Company, is deemed to be interested in 136,727,500 shares of the Company through VOL, representing 12.03% interest in the capital of the Company. The Board confirms that there are no negotiations or agreements relating to intended acquisition 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. Investors should exercise extreme caution when dealing in the shares of the Company. By Order of the Board Po Wing Kwan International (Holdings) Limited Man Kam Ying Company Secretary Hong Kong, 22nd March, 2000 The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.