Smart Digital Technology Group Limited — Director's Dealing 2005

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SUN INNOVATION HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability) (Stock Code: 547)

The Board of the Company has noted the decrease in price of the shares of the Company on the Exchange on 1st November, 2005. The Board wishes to state that it is not aware of any reasons for such decrease, save as disclosed below.

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Exchange”).

The Board of Directors (the “Board”) of Sun Innovation Holdings Limited (the “Company”) has noted the decrease in the price of the shares of the Company on the Exchange on 1st November, 2005. The Board wishes to state that it is not aware of any reason for such decrease, save as disclosed below.

The Company has received a notice today from an executive director, Mr. Cheung Chi Fai, Frank that he has acquired 500,000 shares of the Company at the price of HK$0.025 per share from the market on 1st November, 2005. After the acquisition, his shareholding increases from 0.314% to 0.321%.

Saved and except for the announcement dated 19th October, 2005 in respect of the preliminary discussion with 2 shareholders of the Company for a possible acquisition and disposal of certain equipment and the announcement dated 28th October, 2005 in respect of capital reorganization and change in board lot size of the Company and the matter disclosed above, the Board also confirms that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23, neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09, which is or may be of price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this statement.

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As at the date of this announcement, Mr. Michele Matsuda, Mr. Leung To Kwong, Valiant, Mr. Cheung Chi Fai, Frank and Mr. Daijiro Nishihama are the executive directors and Mr. Zhou Ji, Jason, Mr. Keijiro Hasegawa and Professor Chen Tien-yiu, Theodore are the independent non-executive directors.

By Order of the Board Sun Innovation Holdings Limited Michele Matsuda Chairman

Hong Kong, 1st November, 2005

Please also refer to the published version of this announcement in The Standard.

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