Youzan Technology Limited — Capital/Financing Update 2000

Apr 10, 2000

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

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**SYSCAN Technology Holdings Limited ***

(Incorporated in Bermuda with limited liability)

NOTICE OF LISTING BY WAY OF PLACING on

THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED

of

152,000,000 ordinary shares of HK$0.10 each (subject to Over-allotment Option) at an issue price of HK$1.33 per

Placing share to professional and institutional investors and certain employees of the Group Stock Code: 8083

Global Coordinator, Sponsor and Bookrunner

BNP PRIME PEREGRINE

Lead Manager

BNP PRIME PEREGRINE

Co-Lead Managers

Worldsec Corporate Finance Limited

Co-Managers

BOCI Asia Limited

Celestial Capital Limited

Yuanta Brokerage Company Limited

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Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the shares of HK$0.10 each (the “Shares”) in the share capital of SYSCAN Technology Holdings Limited (the “Company”) in issue and to be issued as described in the prospectus of the Company dated 10th April, 2000 (the “Prospectus”) and any additional Shares which may be issued upon the exercise of the Over-allotment Option, any Shares which may be issued by the Company pursuant to the Share Option Schemes adopted by the Company. Dealings in the Shares on GEM are expected to commence on Friday, 14th April, 2000. Subject to the granting of the listing of and permission to deal in the Shares on GEM as well as compliance with the stock admission requirements of Hongkong Clearing, the Shares will be accepted as eligible securities by Hongkong Clearing for deposit, clearance and settlement in CCASS with effect from the commencement date of dealings in the Shares on GEM or any other date as determined by Hongkong Clearing. All activities under CCASS are subject to the General Rules of CCASS and the CCASS Operational Procedures in effect from time to time. Terms used in this announcement shall, unless defined herein, have the same meanings as defined in the Prospectus.

Application for the Shares will only be considered on the basis of the Prospectus dated 10th April, 2000.

Pursuant to the Underwriting Agreement, the Company has granted to BNP Prime Peregrine, (on behalf of the Underwriters) the Over-allotment Option, exercisable within 30 days from the date of the Prospectus, to require the Company to issue up to an aggregate of 22,800,000 additional Shares, representing 15% of the number of Shares initially available under the Placing. These Shares will be issued at the Placing Price for the purpose of covering over-allocations in the Placing. In the event that the Over-allotment Option is exercised, the additional Shares issued will be allocated at the discretion of BNP Prime Peregrine who may, at their option, also cover any over-allocations through stock borrowing arrangements and the purchase of Shares in the secondary market or otherwise as may be permitted under applicable laws. An announcement will be made if the Over-allotment Option is exercised.

Copies of the Prospectus are available, for information purposes only, from BNP Prime Peregrine at 23rd Floor, New World Tower, 16-18 Queen’s Road Central, Hong Kong for a period of 14 days after the date of this Notice.

10th April, 2000

This announcement and a copy of the Prospectus referred to above will remain on the GEM website

• For identification purposes only

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