RNS Number:9432Q

AIM08 February 2007 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

HaiKe Chemical Group Ltd.

COMPANY ADDRESS:

Offshore Incorporations (Cayman) Limited, Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman,

Cayman Islands

COMPANY POSTCODE:

NA

COUNTRY OF INCORPORATION:

Cayman Islands

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN

ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:

HaiKe Chemical Group Ltd is a petrochemical and speciality chemical group operating in China

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares):38,353,571 ordinary shares of US$0.002 each at an issue price of $1.57 equivalent to #0.798

CAPITAL TO BE RAISED ON ADMISSION:

US$20 million

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Mr. Xiaohong Yang, Executive Chairman

Mr. Zaizhong Zhang, Chief Executive Officer

Mr. Johnson Lau, Chief Financial Officer

Professor Chunming Xu, Non-Executive Director

Mr. Eugene Wong, Non-Executive Director

Mr. Derek Marsh, Non-Executive Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL

BEFORE AND AFTER ADMISSION:

BEFORE ADMISSION

Name Percentage of Issued Share Capital

HiTech Chemical Investment Limited 76.73%

Mr Junping Bai 21.31%

AFTER ADMISSION

HiTech Chemical Investment Limited 51.0%

Mr Junping Bai 9.19%

Montpelier Asset Management Limited 6.64%

RAB Capital Plc 3.27%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

NA

ANTICIPATED ACCOUNTING REFERENCE DATE:

December 31

EXPECTED ADMISSION DATE:14 February 2007

NAME AND ADDRESS OF NOMINATED ADVISER:

Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ

NAME AND ADDRESS OF BROKER:

Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT

THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document will contain full details regarding the applicant and the admission of its securities to

AIM and will be available from Hanson Westhouse Limited, One Angel Court, London, EC2R 7HJ

DATE OF NOTIFICATION:08 February 2007

NEW/ UPDATE (see note):

UPDATE This information is provided by RNS The company news service from the London Stock Exchange

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