WH Group Limited — M&A Activity 2001

Feb 9, 2001

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.

HUEY TAI INTERNATIONAL LIMITED	GOLD BRILLIANT LIMITED
(Incorporated in Bermuda with limited liability)	(Incorporated in the British Virgin Islands with limited liability)

Conditional cash offers made jointly by

Anglo Chinese Corporate Finance, Limited and CEF Capital Limited

on behalf of

Gold Brilliant Limited

a 65% owned subsidiary of China Strategic Holdings Limited

and

a 35% owned associated company of Star East Holdings Limited

to acquire all the issued shares and outstanding options

to subscribe for shares

in Huey Tai International Limited

other than those already owned by

Gold Brilliant Limited

or parties acting in concert with it

The Huey Tai Offers have become unconditional. Accordingly, the latest time for acceptance is at 4:00 p.m. on Thursday, 22nd February, 2001 unless the Huey Tai Offers are extended or revised, they will be closed at 9:30 a.m. on Friday, 23rd February, 2001.

Huey Tai Shareholders and Huey Tai Share Optionholders who have lost or have not received the Composite Document or the forms of acceptance should contact Secretaries Limited, at 5th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong or at telephone number 2544 2808 as soon as possible.

Introduction

On 8th February, 2001, the Huey Tai Offers were declared unconditional in all respects and the latest time for accepting the Huey Tai Offers were extended to 4:00 p.m. on Thursday, 22nd February, 2001.

Terms defined in the Composite Document issued by Huey Tai International Limited and Anglo Chinese Corporate Finance, Limited and CEF Capital Limited on behalf of Gold Brilliant Limited dated 22nd January, 2001 shall have the same meanings when they are used in this announcement unless the context requires otherwise.

Huey Tai Offers have become unconditional

As at 4:00 p.m. on 8th February, 2001, valid acceptances of the Huey Tai Share Offer had been received in respect of 194,845,856 Huey Tai Shares, representing approximately 12.45% of the issued share capital of Huey Tai. In addition, valid acceptances of the Huey Tai Share Option Offer had been received in respect of 62,590,000 Huey Tai Share Options, representing approximately 47.05% of the outstanding Huey Tai Share Options.

As at the date of the Composite Document, the Offeror and persons acting in concert with it owned 604,823,608 Huey Tai Shares, representing approximately 38.65% of the issued share capital of Huey Tai. Except pursuant to acceptances of the Huey Tai Share Offer, the Offeror and persons acting in concert with it did not acquire any Huey Tai Shares during the offer period, as defined in the Takeovers Code.

As at 8th February, 2001, the Offeror and persons acting in concert with it owned 799,669,464 Huey Tai Shares, representing approximately 51.1% of the issued share capital of Huey Tai.

Accordingly, the Huey Tai Offers have become unconditional.

Extension of time for acceptance of the Huey Tai Offers

According to the Takeovers Code, the latest time for acceptance is at 4:00 p.m. on Thursday, 22nd February, 2001 unless the Huey Tai Offers are extended or revised, they will be closed at 9:30 a.m. on Friday, 23rd February, 2001.

Further information

Huey Tai Shareholders and Huey Tai Share Optionholders who have lost or have not received the Composite Document or the forms of acceptance should contact Secretaries Limited, at 5th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong or at telephone number 2544 2808 as soon as possible.

By order of the board	By order of the board
Huey Tai International Limited	Gold Brilliant Limited
Leung Man Fai	Chau Mei Wah, Rosanna
Company Secretary	Director

Hong Kong, 8th February, 2001

The directors of Gold Brilliant Limited 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 that there are no other facts not contained in this announcement the omission of which would make any statement herein misleading.

Please also refer to the published version of this announcement in the (Hong Kong iMail)