09:35     SOFTBANK INV<00648> - Announcement (2)                              

    the Press.                                                                
                                                                              
    RECENT MOVEMENT IN PRICE AND TRADING VOLUME OF THE SHARES OF THE          
    COMPANY                                                                   
                                                                              
    The directors of the Company (the `Directors') have noted the             
    increase in the price and trading volume of the shares of the Company     
    on 3 January 2005 and wish to state that they are not aware of any        
    reasons of such movement save as hereinafter mentioned in this            
    announcement.                                                             
                                                                              
    Save for the above, the Directors confirm that there are no               
    negotiations or agreements relating to intended acquisitions or           
    realisations which are discloseable under rule 13.23 of the Rules         
    Governing the Listing of Securities on the Stock Exchange (the            
    `Listing Rules'), neither is the board of Directors (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 the Company, the Directors of           
    which individually and jointly accept responsibility for the accuracy     
    of this statement.                                                        
                                                                              
    FURTHER ANNOUNCEMENTS                                                     
    In the event that Company should sign any formal agreements or            
    release any information which may be price sensitive, the Group shall     
    release further announcements in accordance with the Listing Rules.       
                                                                              
                                                                              
    INFORMATION RELATING TO THE GROUP                                         
    The Group is principally engaged in investment holding, the               
    provision of consulting and technology services, garment                  
    manufacturing and property holding.                                       
                                                                              
    The Directors of the Company are as follows:                              
    Yu Kam Kee, Lawrence           executive director & chairman              
    Wong Sin Just                  executive director & vice  chairman        
    Wong Kean Li                   executive director                         
    Wang Ruiping                   executive director                         
    Yu Kam Yuen, Lincoln           non-executive director                     
    Lo Wing Yan, William           independent non-executive director         
    Chan Kai Yu, Rudy              independent non-executive director         
    Raja Datuk Karib Shah bin      independent non-executive director         
    Shahrudin                                                                 
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    Wong Sin Just                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 3 January 2005