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To: Thors_Hammer who wrote (854)	5/20/1999 1:28:00 PM
From: jjs64	Read Replies (2) \| Respond to of 1567

TH, It is not the newspaper that was wrong, it appears to be TS Wong. See China Sci-Tech's DENIAL of any deal or even of talks with MYWB. CHINA SCI-TECH DENIES PRESS REPORTS ON INTERNET VENTURE 5/20/99 3:57 CHINA SCI-TECH DENIES PRESS REPORTS ON INTERNET VENTURE (The following is a reformatted version of an announcement issued through the Hong Kong Stock Exchange.) CHINA SCI-TECH<0985> -Exceptional Price & Turnover Movements The Stock Exchange has received a message from China Sci-Tech Holdings Limited which is reproduced as follows:- China Sci-Tech Holdings Limited (the "Company") Incorporated in the Cayman Islands with limited liability) ANNOUNCEMENT We have noted the recent increases in the price and trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases. The Company denies information reported in certain press articles will co-operate with a U.S. company to provide on-line financial information to investors or has entered into certain agreement in relation thereto. This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted the recent increases in the price and trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases. Reference is made to recent press articles reporting that a subsidiary of the Group will co-operate with a U.S. company to provide on-line financial information to investors or has entered into certain agreement in relation thereto, the Company denies that any subsidiary of the Group has entered into such agreements or is in the process of negotiation of such. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the board 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. Made by the order of board of the Company the directors of which individually and jointly accept responsibility for the accuracy of this statement. By order of the Board Jimmy Kwan Kam Hung Director 20th May, 1999 Buyer Beware!

To: Thors_Hammer who wrote (854)	5/20/1999 1:34:00 PM
From: Thors_Hammer	Read Replies (1) \| Respond to of 1567

Here is a response to my own post about Mywb news release. Please read the release carefully - they don't say they can trade stocks there yet, only that they are trying to work it out but it hasn't been officially approved. The Chinese co. they said they had an agreement with to provide financial information for the site is denying this statement - see following release. If my enthusiasm for the stock based on the initial report mislead anyone - my apologies. China Sci-Tech Denies Press Reports on Internet Venture. [The following is a reformatted version of an announcement issued through the Hong Kong Stock Exchange] China Sci-Tech- Exceptional Price & Turnover Movements The Stock Exchange has received a message from China Sci-Tech Holdings Limited which is reproduced as follows:- China Sci-Tech Holding Limited (the company) (Incorporated in the Caymen Islands with limited liability) ANNOUNCEMENT We have noted recent increases in the price and trading volume of the shares of the company and wish to state that we are not aware of any reasons for such increases. The Company denies information reported in certain press articles concerning a subsidiary of the Company will co-operate with a U.S. company to provide on-line financial information to investors or has entered into certain agreement in relation thereto. This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted the recent increases in the price and trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases. Reference is made to recent press articles reporting that a subsidiary of the Group will co-operate with a U.S. company to provide on-line financial information to investors or has entered into certain agreement in relation thereto, the Company denies that any subsidiary of the Group has entered into such agreements or is in the process of negotiation of such. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are disclosable under paragraph 3 of the Listing Agreement, neither is the board aware of any matter disclosable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature. Made by the order of board of the Company the directors of which individually and jointly accept responsibility for the accuracy of this statement. By order of the Board Jimmy Kwan Kam Hung Director 20th May 1999