09:33     RUILI HOLD<00491> - 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.                   
                                                                              
    RUILI HOLDINGS LIMITED                                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 491)                                                         
    (website: http://www.irasia.com/listco/hk/ruili)                          
                                                                              
    CLARIFICATION ANNOUNCEMENT                                                
                                                                              
    The board of directors (the "Board") of Ruili Holdings Limited (the       
    "Company") made this announcement in response to newspaper articles       
    published in Apple Daily and Tai Kung Pao on 1 January 2005 in relation   
    to the Company (the "Articles").                                          
                                                                              
    The Board has noted the contents of the Articles and the Board wishes     
    to clarify as follows:                                                    
                                                                              
    (i)  The Board confirms that after a cheque presentation ceremony, Mr.    
    Yu Kam Kee, Lawrence ("Mr. Yu") has been asked by the press on various    
    business matters and Mr. Yu has said that the Company will not rule out   
    the possibility to co-operate with Wing On Travel (Holdings) Limited      
    and Softbank Investment International (Strategic) Limited to develop      
    gaming business in Macau with partners from Japan, Korea and/or other     
    overseas countries ("Possible Investment"). Such Possible Investment      
    may exceed HK$100 million. However, no contract, memorandum of            
    understanding or letter of intent has been signed by the Company in       
    connection with such Possible Investment as at the date of this           
    announcement.                                                             
                                                                              
    (ii)  The Board is not aware of any other information relevant to the     
    Articles which should be brought to the attention of the shareholders     
    of the Company.                                                           
                                                                              
    The Stock Exchange of Hong Kong Limited (the "Stock Exchange") is of      
    the view that the disclosure of the Possible Investment after the         
    cheque presentation ceremony is an uneven dissemination of information    
    and the Stock Exchange is looking into this matter.                       
                                                                              
    Shareholders of the Company and the investors are advised to exercise     
    caution when dealing in the securities of the Company.                    
                                                                              
    Made by the order of the Board of the Company, the Directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    announcement.                                                             
                                                                              
    As at the date of this announcement, the Board comprises:                 
                                                                              
    Executive Directors:  Independent Non-Executive Directors:                
    Mr. Yu Kam Kee, Lawrence M.B.E., J.P. (Chairman)  Mr. Li Fui Lung, Danny  
    Mr. Carl Chang (Chief Executive Officer)   Mr. Ng Hoi Yue, Herman         
    Mr. Yu Kam Yuen, Lincoln   Mr. John Paul McLellan                         
    Mr. Wu Jiahong                                                            
    Mr. Liao Chongde                                                          
                                                                              
    By Order of the Board of                                                  
    Ruili Holdings Limited                                                    
    Yu Kam Kee, Lawrence                                                      
    M.B.E., J.P.                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 3 January 2005