Youzan Technology Limited — Capital/Financing Update 2007

Dec 21, 2007

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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SYSCAN Technology Holdings Limited 矽感科技控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 8083)

VERY SUBSTANTIAL DISPOSAL

DISPOSAL OF EQUITY INTEREST IN SYSCAN MANUFACTURING

Reference is made to the announcement (the “ Announcement ”) of SYSCAN Technology Holdings Limited (the “ Company ”) dated 8 November 2007 and to the circular of the Company (the “ Circular ”) dated 2 December 2007 in respect of the Disposal. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and/or the Circular unless defined otherwise herein.

Pursuant to the Share Transfer Agreement, the 2nd instalment of the Consideration in the amount of RMB23,000,000 was due on 30 November 2007, which was subsequently extended to 5 December 2007 by the parties to the Share Transfer Agreement.

The Board would like to announce that the parties to the Share Transfer Agreement agreed and rectified the extension of the payment date in respect of the 2nd instalment of the Consideration to 10 December 2007. The Company has received the 2nd instalment of Consideration in full on 10 December 2007. It is also agreed that the Long Stop Date shall be extended to 30 December 2007.

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

21 December 2007, Hong Kong

* For identification purposes only

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As at the date of this announcement, the Board comprises Mr. Cheung Wai and Mr. Zhang Ming as executive directors, and Mr. Fong Chi Wah, Mr. Jin Qingjun and Mr. Wang Ruiping as independent nonexecutive Director.

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 on the GEM website for at least 7 days from the day of its posting and on the Company’s website at www.syscangroup.com/.

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