09:33 GOLDEN HARVEST<01132> - Announcement & Resumption (2) Existing Shares will be dealt with on an ex-rights basis from Thursday, 16 December 2004. Any dealings in the Shares or Rights Shares in their nil-paid form from now up to the date on which all conditions of the Underwriting Agreement are fulfilled are accordingly at the investors' own risk. Any Shareholder or other person contemplating any selling or purchasing the Shares or Rights Shares in their nil-paid form, who is in doubt of his/her position, is recommended to consult his/her own professional adviser. Trading in the Shares was suspended on the Stock Exchange from 9:30 a.m. on 29 November 2004 at the request of the Company pending the issue of this announcement and application has been made to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange from 9:30 a.m. on Wednesday, 1 December 2004. PROPOSED RIGHTS ISSUE Issue Statistics Basis of Rights Issue: one Rights Share for every four existing Shares held by a Qualifying Shareholder on the Record Date Subscription Price: HK$0.250 per Rights Share Number of existing Shares in issue: 1,039,287,500 Shares as at the date of this announcement Number of Rights Shares: not less than 259,821,875 Rights Shares and not more than 264,846,875 Rights Shares As at the date of this announcement, there are outstanding Share Options entitling the holders to subscribe for an aggregate of 20,100,000 Shares, subject to adjustments. Other than the Share Options mentioned above, the Company has no other outstanding options or convertible securities as at the date of this announcement. The Company expects to raise, before expenses, not less than approximately HK$65.0 million through the issue of not less than 259,821,875 Rights Shares and not more than approximately HK$66.2 million through the issue of not more than 264,846,875 Rights Shares, at the price of HK$0.250 per Rights Share. Qualifying Shareholders The Company will send the Prospectus Documents to Qualifying Shareholders only. To qualify for the Rights Issue, a Shareholder must on the Record Date: - (i) be registered on the register of members of the Company; and (ii) (a) have an address in Hong Kong on the register of members of the Company; or (b) have an address outside Hong Kong on the register of members of the Company unless the Directors, based on legal opinions provided by legal advisers, consider it necessary or expedient to exclude any such Shareholder on account either of the legal restrictions under the laws of the place of his registered address or the requirements of the relevant regulatory body or stock exchange in that place. In order to be registered as a member on the Record Date, Shareholders must lodge any transfers of Shares (together with the relevant share certificates) with the Company's branch share registrar in Hong Kong no later than 4:00 p.m. on Friday, 17 December 2004. The branch share registrar of the Company in Hong Kong is: Tengis Limited G/F, Bank of East Asia Harbour View Centre 56 Gloucester Road Wanchai Hong Kong Closure of Register of Members The register of members of the Company will be closed from Monday, 20 December 2004 to Wednesday, 22 December 2004, both dates inclusive, for the purpose of determining entitlements to participate in the Rights Issue. No transfers of Shares will be registered during this period.