Uni-Bio Science Group Limited — Audit Report / Information 2004

Apr 30, 2004

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.

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 0690)

ANNOUNCEMENT

New Spring Holdings Limited (the “Company”; together with its subsidiaries, the “Group”) announces the change of its auditors as follows.

The board of directors (the “Board”) of the Company announces that as a result of disagreement on the auditors’ remunerations for the financial year ended 31st March, 2004 (the “Year”) between the Company and its former auditors, Messrs. PricewaterhouseCoopers (“PWC”), the Company received a notice from PWC resigning as auditors (the “Auditors”) of the Company with immediate effect on 23rd April, 2004. The Company has accepted the resignation of PWC accordingly. PWC did not stated in their notice of resignation whether there was any matter which, in their opinion, should be brought to the attention of the Shareholders (the “Shareholders”) or Creditors (the “Creditors”) of the Company as it is not required under the Cayman Laws.

Subject to approval being granted by the Shareholders by way of ordinary resolution at an extraordinary general meeting to be convened on Friday, 21st May, 2004 (in which the only resolution to be considered is the proposed appointment of alternate Auditors), Messrs Albert Lam & Co. (“ALC”), certified public accountants, be appointed as the new Auditors to fill the vacancy arising on the resignation of PWC and with their term of office until the conclusion of the forthcoming annual general meeting. PWC have given professional clearance to ALC confirming that PWC were not aware of any professional or other reasons why ALC should not accept the appointments as Auditors.

The Board are of the opinion that, in respect of the change of Auditors, there are no circumstances which they considered should be bought to the attention of its Shareholders or Creditors and that there will not be any effect on the announcement of the audited consolidated results of the Group for the Year.

By Order of the Board New Spring Holdings Limited Ng Man Chan Chairman

Hong Kong, 30th April, 2004

As at the date of this announcement, the Board comprises of executive directors namely Mr. Ng Man Chan (Chairman), Ms. Li Mi Lai, Mr. Chan Fuk Wah, non-executive director, Mr. Tong Hing Chi, and independent non-executive directors, Messrs. Lee Man Kwong and Leung Siu Cheung.

* for identification purpose only

“Please also refer to the published version of this announcement in China Daily”.