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BT
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/GS2 gs
0.0068 Tc
0.0097 Tw
(EXCEL TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED)Tj
/G2 1 Tf
6.4971 -1.2583 TD
0.2411 Tc
0.0000 Tw
[<0080>102.8<049b>-3.5<14bf07c5>3.4<04a6>-3.5<0a37>3.4<10e70a9b>-3.5<0670>3.4<03de>-3.5<0822>3.4<02ae>0<0321>99.4<0081>]TJ
/F-12 1 Tf
10.2 0 0 10.2 474.26 736.96 Tm
0.0000 Tc
(*)Tj
/F-11 1 Tf
12 0 0 12 214.58 713.74 Tm
0.0122 Tc
0.0023 Tw
[(\(Incorpor)12.9(ated in Bermuda with limited liability\))]TJ
/F1 1 Tf
5.89 -1.25 TD
0.0026 Tw
(\(Stock Code: 8048\))Tj
/F-12 1 Tf
13 0 0 13 207.02 668.74 Tm
0.0101 Tc
[(THIRD Q)13(U)58.3(AR)38(TERL)91(Y RESUL)96.1(TS FOR THE)]TJ
-0.8769 -1.1538 TD
0.0029 Tw
(NINE MONTHS ENDED 30 SEPTEMBER 2004)Tj
12 0 0 12 64.22 623.74 Tm
-0.0012 Tc
-0.0377 Tw
[(Characteristics of The Gr)22(o)8.8(wth Enter)11.5(prise Mark)10.3(et \()]TJ
/F2 1 Tf
21.6025 0 TD
[(ÒGEMÓ\) of The Stock Exchange of Hong K)31.1(ong Limited)]TJ
-21.6025 -1.25 TD
0.0123 Tc
0.0013 Tw
(\(the ÒExchangeÓ\))Tj
0 -2.5 TD
0.0087 Tc
-0.0055 Tw
[(GEM has been established as a mark)13.3(et designed to accommodate co)]TJ
29.4257 0 TD
[(mpanies to which a high in)44.5(v)8.7(e)0(stment)]TJ
-29.4257 -1.25 TD
-0.0014 Tc
-0.0360 Tw
[(risk may be attached. In particular)96(, companies may list on GEM )]TJ
27.1714 0 TD
[(with neither a track r)22.2(ecord of pr)23.8(of)20.2(itability)]TJ
-27.1714 -1.25 TD
0.0194 Tc
0.0178 Tw
[(nor any obligation to f)28.2(o)0(r)17.8(ecast futur)18.1(e pr)19.4(of)26.8(itability)68.4(. Furthermor)]TJ
27.7 0 TD
[(e, ther)19.5(e may be risks arising out of the)]TJ
-27.7 -1.25 TD
0.0001 Tc
-0.0321 Tw
[(emer)10.4(ging natur)16.9(e of companies listed on GEM and the b)27.9(usiness sec)]TJ
27.7969 0 TD
(tors or countries in which the companies)Tj
-27.7969 -1.25 TD
0.0103 Tc
-0.0011 Tw
[(operate. Pr)18.4(ospecti)11.2(v)10.3(e)0( in)38.2(v)10.3(estors should be awar)18.4(e of the potential)]TJ
27.1705 0 TD
[( risks of in)44.1(v)10.3(esting in such companies and)]TJ
-27.1705 -1.25 TD
0.0085 Tc
-0.0064 Tw
[(should mak)12.5(e the decision to in)43.1(v)8.5(est only after due and car)18.7(eful c)]TJ
26.9095 0 TD
[(onsideration. The gr)21.5(eater risk pr)19.6(of)25(ile and)]TJ
-26.9095 -1.25 TD
0.0038 Tc
-0.0211 Tw
[(other characteristics of GEM mean that it is a mark)17.7(et mor)20.6(e suit)]TJ
27.1566 0 TD
[(ed to pr)17.6(ofessional and other sophisticated)]TJ
-27.1566 -1.25 TD
0.0126 Tc
0.0000 Tw
[(in)39.2(v)12.6(estors.)]TJ
0 -2.5 TD
0.0150 Tc
0.0093 Tw
[(Gi)11(v)10(en the emer)11.4(ging natur)17.2(e of companies listed on GEM, ther)22.3(e is )]TJ
28.6395 0 TD
(a risk that securities traded on GEM)Tj
-28.6395 -1.25 TD
0.0246 Tc
0.0284 Tw
[(may be mor)18(e susceptible to high mark)10.8(et v)13.9(olatility than securiti)]TJ
28.4571 0 TD
(es traded on the Main Board and no)Tj
-28.4571 -1.25 TD
0.0119 Tc
0.0033 Tw
[(assurance is gi)12.4(v)11.9(en that ther)13.6(e will be a liquid mark)15.5(et in the se)]TJ
26.5148 0 TD
(curities traded on GEM.)Tj
-26.5148 -2.5 TD
0.0010 Tc
-0.0318 Tw
[(The principal means of inf)27(ormation dissemination on GEM is publ)]TJ
28.1687 0 TD
[(ication on the inter)25.6(net website operated)]TJ
-28.1687 -1.25 TD
0.0118 Tc
0.0021 Tw
[(by the Exchange. Listed companies ar)21.5(e not generally r)22.6(equir)16.9(ed to)]TJ
28.199 0 TD
( issue paid announcements in gazetted)Tj
-28.199 -1.25 TD
0.0174 Tc
0.0139 Tw
[(newspapers. Accordingly)57.1(,)-0.1( pr)18.6(ospecti)11.1(v)12.4(e)0( in)36.6(v)12.4(estors should note that)]TJ
28.3669 0 TD
[( they need to ha)23.6(v)12.4(e)0( access to the GEM)]TJ
-28.3669 -1.25 TD
0.0122 Tc
0.0026 Tw
[(website in order to obtain up-to-date inf)30(ormation on GEM-listed)]TJ
28.3131 0 TD
[( issuers.)]TJ
/F-11 1 Tf
-28.3131 -2.5 TD
0.0105 Tc
-0.0003 Tw
[(The Exc)17.3(hang)12.1(e tak)8.3(es no r)34.9(esponsibility for the contents of this a)]TJ
25.475 0 TD
[(nnouncement, mak)16(es no r)39.9(epr)34.6(esentation as to its)]TJ
-25.475 -1.25 TD
0.0117 Tc
0.0017 Tw
[(accur)15.4(acy or completeness and e)22.1(xpr)38.1(essly disclaims any liability )]TJ
26.1155 0 TD
[(whatsoe)20.3(ver for any loss howe)12.4(ver arising fr)45.1(om)]TJ
-26.1155 -1.25 TD
0.0119 Tc
0.0032 Tw
[(or in r)40.8(eliance upon the whole or any part of the contents of th)]TJ
25.4448 0 TD
(is announcement.)Tj
-25.4448 -2.5 TD
0.0216 Tc
0.0226 Tw
[(This announcement, for whic)18(h the dir)38.9(ector)8.2(s \(the )]TJ
/F3 1 Tf
20.6306 0 TD
[(ÒDir)37.2(ector)13.2(sÓ\) of Excel T)93.7(e)0(c)16.2(hnolo)6.2(gy International Holdings)]TJ
-20.6306 -1.25 TD
0.0091 Tc
-0.0072 Tw
(Limited \(the ÒCompanyÓ\) collectively and individually accept fu)Tj
26.3804 0 TD
[(ll r)44.5(esponsibility)59(, includes particular)10.2(s given in)]TJ
-26.3804 -1.25 TD
0.0124 Tc
0.0038 Tw
[(compliance with the Rules Go)12.3(verning the Listing of Securities o)]TJ
26.3322 0 TD
[(n the Gr)47.2(owth Enterprise Mark)14.3(et of The Stoc)22.4(k)]TJ
-26.3322 -1.25 TD
0.0108 Tc
0.0005 Tw
[(Exc)16.4(hang)8.2(e of Hong K)41.5(ong Limited \(ÒGEM Listing RulesÓ\) for the pur)]TJ
28.0092 0 TD
[(pose of giving information with r)39.5(e)44.8(gar)36.4(d to)]TJ
-28.0092 -1.25 TD
0.0055 Tc
-0.0163 Tw
[(the Company)59.1(. The Dir)35.9(ector)12.5(s, having made all r)36.7(easonable enquirie)]TJ
26.6805 0 TD
[(s, conf)18.7(irm that, to the best of their knowledg)16.2(e)]TJ
-26.6805 -1.25 TD
0.0219 Tc
0.0231 Tw
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