Q-TECH HOLDINGS<0109> - Announcement

The Stock Exchange of Hong Kong Limited takes no responsibility for the 
contents of this announcement, makes no representation as to its accuracy 
or completeness and expressly disclaims any liability whatsoever for any 
loss howsoever arising from or in reliance upon the whole or any part of 
the contents of this announcement.

Q-Tech Holdings Limited
(incorporated in Bermuda with limited liability)

Announcement

The directors (the "Directors") of Q-Tech Holdings Limited (the "Company" 
which together with its subsidiaries the "Group") refer to the 
announcement of the Company dated 31 March 1999 relating to the Rights 
Issue and hereby announce that a Mr Chan Yuen Tung ("Mr Chan") has become 
interested in 17,358,000 shares in the Company, representing approximately 
10.64 per cent. of the existing issued share capital of the Company. The 
17,358,000 shares forms part of the 64,306,401 Rights Shares which the 
Underwriters agreed to subscribe for or to procure the subscription of 
under the Underwriting Agreement. Mr Chan was procured by one of the 
Underwriters to subscribe for the 17,358,000 shares. As a result, Mr Chan 
became a substantial shareholder of the Company as defined under the Rules 
(the "Listing Rules") Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited. Mr Chan does not have any representation in 
the Board.

The Directors also take this opportunity to announce that Mr Chan Tak Hung 
has been appointed as an executive Director with effect from 14 April 
1999. Mr Chan Tak Hung has been in the banking industry for over 10 years 
and will be responsible for the general management of the Group.

Capitalised terms used in this announcement have the same meanings in the 
prospectus of the Company dated 11 March 1999 and the announcement of the 
Company dated 31 March 1999 relating to the Rights Issue, unless the 
context requires otherwise.

The Directors hereby announce that according to a substantial shareholder 
notice sent under the Securities (Disclosure of interests) Ordinance, Mr 
Chan has become interested in 17,358,000 shares in the Company, 
representing approximately 10.64 per cent. of the existing issued share 
capital of the Company. The 17,358,000 shares forms part of the 64,306,401 
Rights Shares which the Underwriters agreed to subscribe for or to procure 
the subscription of under the Underwriting Agreement. Mr Chan was procured 
by one of the Underwriters to subscribe for the 17,358,000 shares. As a 
result, Mr Chan became a substantial shareholder of the Company as defined 
under the Listing Rules. Mr Chan does not have any representation in the 
Board.

The Directors also take this opportunity to announce that Mr Chan Tak Hung 
has been appointed as an executive Director with effect from 14 April 
1999. Mr Chan Tak Hung has been in the banking industry for over 10 years 
and will be responsible for the general management of the Group.

By order of the board of directors of
Q-Tech Holdings Limited
So Chee Keung
Director

Hong Kong, 14 April 1999