ZO Future Group — Net Asset Value 2002

Oct 30, 2002

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.

GRANDTOP INTERNATIONAL HOLDINGS LIMITED 泓鋒國際控股有限公司[*]

(incorporated in the Cayman Islands with limited liability)

CLARIFICATION OF INFORMATION IN THE PROSPECTUS

The Board wishes to clarify typographical errors in relation to the adjusted net asset value per share on pages 9 and 74 of the Prospectus. The Directors confirm that the adjusted net asset value per Share should be 27.5 cents. Moreover, reference to the basis of calculation of the adjusted net asset value per Share should be 240,000,000 Shares.

The board (the “Board”) of directors of Grandtop International Holdings Limited (the “Company”) wishes to draw potential investors’ attention to typographical errors on page 9 and page 74 of the prospectus of the Company dated 30th October, 2002 (the “Prospectus”) for the listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited.

The Board wishes to clarify that the adjusted net asset value per share of the Company (the “Share”) should be 27.5 cents rather than 26.8 cents on page 9 and 2.75 cents on page 74 of the Prospectus. Moreover, reference to the basis of calculation of the adjusted net asset value per Share should be 240,000,000 Shares rather than 24,000,000 Shares in note 7 on page 9 of the Prospectus.

By order of the Board Grandtop International Holdings Limited Siu Kwok Kin, Garry Chairman

Hong Kong, 30th October, 2002

• For identification purpose only

“Please also refer to the published version of this announcement in The Standard”.

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