Youzan Technology Limited — Board/Management Information 2003

Dec 18, 2003

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.

==> picture [186 x 44] intentionally omitted <==

SYSCAN Technology Holdings Limited * 矽 感 科 技 控 股 有 限 公 司

( Incorporated in Bermuda with limited liability)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE MEMBER

The board of directors (the "Board") of SYSCAN Technology Holdings Limited (the "Company") hereby announces that both the Company and Mr Lo Hang Fong, the existing Independent Non-executive Director, have agreed to terminate the Director’s Service Agreement whereby Mr Lo shall cease to be the Independent Non-executive Director and a member of the audit committee effective from 31 December 2003. Mr Lo confirmed that there are no circumstances connected with his resignation which he considered should be brought to the attention of the members of the Company and the Stock Exchange.

The Board would like to express its appreciation towards Mr Lo for his past contribution to the Group.

By Order of the Board SYSCAN Technology Holdings Limited Cheung Wai Chairman

Hong Kong, 18 December 2003

This announcement, for which the directors of SYSCAN Technology Holdings Limited collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to SYSCAN Technology Holdings Limited. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: 1. the information contained in this announcement is accurate and complete in all material respects and not misleading; 2. there are no other matters the omission of which would make any statement in this announcement misleading; and 3. all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the “Latest Company Announcements” page of the GEM website for at least 7 days from the date of its posting and on the Company’s website at www.syscaninc.com.

*For identification purposes only