09:36     GOLDEN HARVEST<01132> - Announcement & Resumption (10)              

    Dates or deadlines specified in this announcement for                     
    events in the timetable for (or otherwise in relation to)                 
    the Rights Issue are indicative only and may be varied by                 
    agreement between the Company and FB Gemini. Any changes to               
    the expected timetable will be notified to the Shareholders.              
                                                                              
    GENERAL                                                                   
    Application will be made to the Stock Exchange for the                    
    granting of the listing of, and permission to deal in, the                
    Rights Shares, in both their nil-paid and fully paid forms.               
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
    Trading in the Shares was suspended on the Stock Exchange                 
    from 9:30 a.m. on Monday, 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.                             
                                                                              
    DEFINITIONS                                                               
    "Acquisition"   the acquisition by Golden Sky of a 40% (or                
    more) interest in the capital interest in Warner Village                  
    Taiwan, and certain shareholders loans, pursuant to the                   
    Acquisition Agreement, as announced by the Company on 21                  
    October 2004                                                              
                                                                              
    "Acquisition Agreement"   the Share and Loan Purchase                     
    Agreement dated 18 October 2004 entered into between Warner               
    Bros. Entertainment Inc., Village Cinemas International Pty               
    Ltd., Golden Sky, two Taiwan corporations and the Company                 
    relating to the Acquisition                                               
                                                                              
    "Board"   the board of Directors                                          
                                                                              
    "Business Day"   a day on which the Stock Exchange is open                
    for business in dealing in securities and banks are                       
    generally open for business for more than five hours in                   
    Hong Kong                                                                 
                                                                              
    "Company"   Golden Harvest Entertainment (Holdings) Limited,              
    a company incorporated in Bermuda with limited liability                  
    and the shares of which are listed on the Stock Exchange                  
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Excluded Shareholder(s)"   Shareholder(s) whose name(s)                  
    appear on the register of members of the Company on the                   
    Record Date and whose address is/are in a place(s) outside                
    Hong Kong where 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                           
                                                                              
    "FB Gemini"   FB Gemini Capital Limited, a licensed                       
    corporation to carry on business in types 1, 4 and 6                      
    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)                                                    
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Golden Sky"   Golden Sky Pacific Limited, a wholly-owned                 
    subsidiary of the Company incorporated in Hong Kong                       
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region                 
    of the PRC                                                                
                                                                              
    "Last Trading Day"   Friday, 26 November 2004, being the                  
    last trading day before the suspension of the trading of                  
    the Shares on the Stock Exchange pending the release of                   
    this announcement in relation to the Rights Issue                         
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "PRC"   the People's Republic of China and which for the                  
    purposes of this announcement excludes Hong Kong, Taiwan                  
    and the Macau Special Administrative Region of the PRC                    
                                                                              
    "Prospectus"   the prospectus to be issued by the Company                 
    in relation to the Rights Issue