09:28     FORTUNA INT'L<00530>-Announcement&Resumption of Trading (5)         

    Actual use of proceeds                                                    
    Same as intended use                                                      
                                                                              
    The proceeds had been fully utilized by the Group with                    
    approximately HK$ 2 million for general working capital                   
    of the Group and approximately HK$ 37 million for                         
    satisfying part of the consideration for the purchase                     
    of Excel Harvest Corporation Limited as announced on 18                   
    March 2004 and Daiwah Company Limited as announced on                     
    23 July 2004.                                                             
                                                                              
    Same as intended use                                                      
                                                                              
    The proceeds had been fully utilized by the Group with                    
    approximately HK$ 1 million for general working capital                   
    and approximately HK$ 9.64 million for satisfying part                    
    of the consideration for the purchase of Daiwah Company                   
    Limited as announced 23 July 2004.                                        
                                                                              
    Shareholders and potential investors are strongly                         
    advised to take cautions when dealing in Shares.                          
    At the request of the Company, trading in Shares on the                   
    Stock Exchange was suspended from 10:05 a.m. on Monday,                   
    29 November 2004 pending the release of this                              
    announcement. Application has been made by the Company                    
    to the Stock Exchange for the resumption of trading in                    
    Shares on the Stock Exchange with effect from 9:30 a.m.                   
    on Wednesday, 1 December 2004.                                            
                                                                              
    TERMS AND DEFINITION                                                      
    "associate"   has the meaning ascribed to it in the                       
    Listing Rules                                                             
                                                                              
    "Board"   the board of directors of the Company                           
                                                                              
    "Companies Act"   Companies Act 1981 of Bermuda                           
                                                                              
    "Companies Ordinance"   Companies Ordinance (Chapter 32                   
    of the Laws of Hong Kong)                                                 
                                                                              
    "Company"   Fortuna International Holdings Limited, a                     
    limited liability company incorporated in Bermuda and                     
    the shares of which are listed on the main board of the                   
    Stock Exchange                                                            
                                                                              
    "Director(s)"   director(s) of the board of the Company                   
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Hong Kong"   Hong Kong Special Administrative Region                     
    of the People's Republic of China                                         
                                                                              
    "Kingston Securities" or "Placing Agent"   Kingston                       
    Securities Limited, a deemed licensed corporation to                      
    carry on business in types 1, 4, 6 and 9 regulated                        
    activities (dealing in securities, advising on                            
    securities and corporate finance, and asset management)                   
    under the Securities and Futures Ordinance (Chapter 571                   
    of the Laws of Hong Kong)                                                 
                                                                              
    "Last Trading Date"   26 November 2004, being the last                    
    full trading day for the Shares before this                               
    announcement                                                              
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "Vendor"   Ample Glory Limited, wholly-owned by Mr.                       
    Kwok Ying Leung                                                           
                                                                              
    "Placing"   the placing of 1,170,000,000 Shares to the                    
    terms of the Placing Agreement                                            
                                                                              
    "Placing Agreement"   the placing agreement between the                   
    Vendor and the Placing Agent dated 29 November 2004 in                    
    relation to the Placing                                                   
                                                                              
    "Placing Price"   HK$0.015 per Placing Shares                             
                                                                              
    "Placing Shares"   an aggregate of 1,170,000,000                          
    existing Shares beneficially owned by the Vendor and to                   
    be placed pursuant to the Placing Agreement                               
                                                                              
    "Shareholder(s)"   holder(s) of the Share(s)                              
                                                                              
    "Share(s)"   ordinary share(s) of HK$0.01 in the share                    
    capital of the Company