09:34     SINO PROSPER<00766> - 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.                   
                                                                              
    SINO PROSPER HOLDINGS LIMITED                                             
    (incorporated in the Cayman Islands with limited liability)               
    (Stock code: 766)                                                         
                                                                              
    EXCEPTIONAL INCREASES IN SHARE PRICE AND TRADING VOLUME                   
                                                                              
    The Company has noted the increases in the price and trading volume of    
    the shares of the Company on 3 January 2005 and wish to state that the    
    Company is not aware of any reasons for such increase save as a           
    negotiation with an independent third party in relation to a possible     
    cooperation opportunity for a hotel project in Macau as described in the  
    announcement.                                                             
                                                                              
    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited.                                                             
                                                                              
    Sino Prosper Holdings Limited (the "Company") has noted the increases in  
    the price and trading volume of the shares of the Company on 3 January    
    2005 and wish to state that we are not aware of any reasons for such      
    increases, save for disclosed below.                                      
                                                                              
    Sino Prosper Macau Travel Development Limited, a wholly-owned subsidiary  
    of the Company, is in negotiation with an independent third party in      
    relation to a possible cooperation opportunity for a hotel project in     
    Macau. As at the date of this announcement, no binding agreement in       
    relation to such proposed cooperation has been entered into. As the       
    proposed cooperation may or may not be entered into, investors and        
    shareholders of the Company are urged to exercise caution when dealing    
    in the securities of the Company. Further announcement in respect of the  
    proposed cooperation will be made by the Company should any of the        
    formal agreement has been signed.                                         
                                                                              
    Save as disclosed above, we also confirm that there are no other          
    negotiations or agreements relating to intended acquisitions or           
    realizations which are discloseable under rule 13.23 of the Listing       
    Rules, neither is the Board aware of any matter discloseable under the    
    general obligation imposed by rule 13.09 of the Listing Rules, which is   
    or may be of a price-sensitive nature.                                    
                                                                              
    Made by the order of the board of directors of the Company, the           
    directors of which individually and jointly accept responsibility for     
    the accuracy of this statement.                                           
                                                                              
    By order of the board of directors                                        
    Sino Prosper Holdings Limited                                             
    Yeung Kit                                                                 
    Executive Director                                                        
                                                                              
    Hong Kong, 3 January 2005                                                 
                                                                              
    As at the date of this announcement, Mr. Leung Ngai Man, Mr. Yeung Kit    
    are the executive directors and Mr. Chan Sing Fai, Mr. Cai Wei Lun, Mr.   
    Leung Wai Cheung are the independent non-executive directors.