09:14     ORIENTAL UNION<01182> - Announcement & Resumption (3)               

    publication of this announcement. Application has been made to the        
    Stock Exchange for resumption of trading in the securities of the         
    Company with effect from 9:30 a.m. on 28 November 2002.                   
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Company"   Oriental Union Holdings Limited, a company incorporated in    
    Bermuda with limited liability, the securities of which are listed on     
    the Stock Exchange                                                        
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region of the          
    People's Republic of China                                                
                                                                              
    "Listing Rules"   the Rules Governing the Listing of Securities on the    
    Stock Exchange                                                            
                                                                              
    "Placing"   a private placing by the Placing Agent of Placing Shares at   
    the Placing Price with independent investors on a best effort basis       
                                                                              
    "Placing Agent"   Sanfull Securities Limited, a securities dealer         
    registered under the Securities Ordinance (Chapter 333 of Laws of Hong    
    Kong)                                                                     
                                                                              
    "Placing Agreement"   a placing agreement dated 26 November 2002 entered  
     into between the Company and the Placing Agent                           
                                                                              
    "Placing Price"   the placing price of HK$0.10 per Placing Share          
                                                                              
    "Placing Share(s)"   up to 300,000,000 new Shares to be issued under the  
     Placing                                                                  
                                                                              
    "Share(s)"   share(s) of HK$0.10 each in the share capital of the         
    Company                                                                   
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    By Order of the Board                                                     
    Oriental Union Holdings Limited                                           
    Tsai Bobby Sung-En                                                        
    Chairman                                                                  
                                                                              
    Hong Kong, 27 November 2002