Hong Kong, November 1, 2001

HANTEC INVESTMENT HOLDINGS LIMITED
ANNOUNCEMENT

The Directors have noted a press article today mentioning a possible takeover of the Company by the KGI Group, an independent financial services group. The Directors wish to clarify that the Company is exploring with various independent third parties including the KGI Group on possibilities of developing business joint venture(s) or co-operation(s) in the financial services area. However, no concrete terms have been reached. Save for this discussion, the Directors state that they are not aware of any discussion with the KGI Group or any third parties regarding the possible takeover of the Company and the information contained in the Article in so far as it relates to the Group and the possible takeover of the Company by the KGI Group is not true. Trading in the shares of the Company was suspended with effect from 10:00 a.m. on Monday, 12th November, 2001 pending the release of this announcement. An application has been made by the Company to the Stock Exchange for the resumption in the trading of the shares of the Company from 10:00 a.m. on Tuesday, 13th November, 2001.

The directors (the "Directors") of Hantec Investment Holdings Limited (SEHK: 111) (the "Company", together with its subsidiaries, the "Group") have noted a press article (the "Article") published in the Apple Daily on 12th November, 2001 mentioning a possible takeover of the Company by the KGI Group, a financial services group which is independent of the Company and not connected with the directors, chief executive or substantial shareholder of the Company or its subsidiaries or any of their respective associates.

The Directors wish to clarify that the Company is exploring with various independent third parties including the KGI Group the possibility of developing business joint venture(s) or co-operation(s) in the financial services area. However, the discussions are at a preliminary stage and no agreement on any specific terms has been reached. Save as aforesaid, the Directors state that they are not aware of any discussion with the KGI Group or any third parties regarding a possible takeover of the Company and that the information contained in the Article, as it relates to the Group and the possible takeover of the Company by the KGI Group, is not true. The Directors are not aware of the source of such information.

The Directors also confirm that save as mentioned herein and the conditional agreement entered into between the Company and Hantec Holdings Limited ("HHL") regarding the acquisition of financial services businesses by the Group from HHL as disclosed in the Company's announcement dated 8th October, 2001, there are no negotiations or agreements in relation to the intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, nor are the Directors aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

Trading in the shares of the Company was suspended with effect from 10:00 a.m. on Monday, 12th November, 2001 pending the release of this announcement. An application has been made by the Company to the Stock Exchange for the resumption in the trading of the shares of the Company from 10:00 a.m. on Tuesday, 13th November, 2001.

Issued by :
Hantec Holdings Limited

Through :
Troika Communications Limited
Jenny Lee / Stella To / Angus Ho
tel: 2511 8388 / fax: 2511 8238
email: enquiry-at-t6pr.com (use "@" to replace "-at-")
URL : http://www.t6pr.com