ANNOUNCEMENT -- In relation to the matter of China Specialised Fibre Holdings Limited (In Liquidation) (Stock Code 285) Cancellation of listing in accordance with Practice Note 17 to the Listing Rules

Regulatory

13 Oct 2005

THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

ANNOUNCEMENT

In relation to the matter of China Specialised Fibre Holdings Limited (In Liquidation)
(Stock Code 285)

Cancellation of listing in accordance with Practice Note 17 to
the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited (the Listing Rules)

The Exchange hereby announces that with effect from 9:30 a.m. on 17 October 2005, the listing of the shares of the Company will be cancelled in accordance with the Delisting Procedures.

By the end of the Deadline mentioned below, the Company had failed to submit any proposal for resumption. Therefore, the Exchange will cancel the listing of the Company's shares in accordance with the Delisting Procedures.

The Stock Exchange of Hong Kong Limited (the Exchange) announces that the listing of the shares of China Specialised Fibre Holdings Limited (In Liquidation) (the Company) will be cancelled with effect from 9:30 a.m. on 17 October 2005 in accordance with the delisting procedures stipulated in Practice Note 17 to the Listing Rules (the Delisting Procedures). Practice Note 17 to the Listing Rules formalises the procedures to be adopted to delist long-suspended companies.

Dealings in the Company's shares have been suspended since 26 November 2002. Accordingly, dealings in the Company's shares have effectively been suspended for over 34 months.

The Company was put into the third stage of the Delisting Procedures on 23 March 2005. Pursuant to the Delisting Procedures, at the end of the third stage which in the case of the Company was 22 September 2005 (the Deadline), where no proposals have been received for resumption, the listing of the Company's shares will be cancelled. By the end of the third stage of the Delisting Procedures, the Company had not submitted any resumption proposal.

The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement on the same day of this announcement informing the public of the cancellation of the listing of its shares.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

Updated 13 Oct 2005