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 DigiTel Group Limited
(Stock Code: 8030)
Cancellation of listing in accordance with Rule 9.14 of the
Rules Governing the Listing of Securities on
The Growth Enterprise Market of
The Stock Exchange of Hong Kong Limited (the “GEM Listing Rules”)  

The Exchange hereby announces that with effect from 9:30 a.m. on 31 March 2006, the listing of the shares of the Company will be cancelled pursuant to Rule 9.14 of the GEM Listing Rules. By the end of the deadline mentioned below, the Company has failed to submit a valid resumption proposal. Therefore, the Exchange will cancel the listing of the Company’s shares in accordance with the Rule 9.14 of the GEM Listing Rules.

The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that the listing of the shares of DigiTel Group Limited (the “Company”) will be cancelled with effect from 9:30 a.m. on 31 March 2006 in accordance with Rule 9.14 of the GEM Listing Rules.

Dealings in the shares of the Company have been suspended since 2 July 2002.  On 15 September 2005, the Company announced that the Exchange proposed to exercise its right to cancel the listing of the shares of the Company on the Exchange. The Company was given a period of six months (expiring on 8 March 2006) for the submission of a valid resumption proposal and to remedy those matters that gave rise to the Exchange’s proposal to cancel the listing of the Company, and the Company was required to submit such resumption proposal at least 10 business days as defined in the GEM Listing Rules before the expiry of the six-month period. The Company has failed to submit a valid resumption proposal as required. Therefore the Exchange will cancel the listing of the Company’s shares.

The Exchange has notified the Company of its obligation under Rule 9.17 to publish an announcement providing details of the Exchange’s decision and the consequences to shareholders of the Company.

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