09:03     WANASPORTS<08020> - Announcement                                    

                                                                              
    The Stock Exchange of Hong Kong Limited (the "Stock                       
    Exchange") 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.                                     
                                                                              
    WANASPORTS HOLDINGS LIMITED                                               
    (incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 8020)                                                        
                                                                              
    RESIGNATION OF EXECUTIVE DIRECTOR AND                                     
    FURTHER ANNOUNCEMENT IN RELATION TO APPOINTMENT OF                        
    INDEPENDENT NON-EXECUTIVE DIRECTOR AND                                    
    AUDIT COMMITTEE MEMBER                                                    
                                                                              
    Reference is made to the announcement in relation to                      
    appointment of independent non-executive director                         
    dated 30 December 2004. Mr. Chan Cher Boon is also                        
    appointed as the Company's audit committee member.                        
                                                                              
    By order of the Board                                                     
    Chiang Wee Tiong                                                          
    Director                                                                  
                                                                              
    Hong Kong, 4 January 2005                                                 
                                                                              
    As at the date hereof, the Board comprises the                            
    following directors:                                                      
                                                                              
    Executive Directors                                                       
    Mr. Wan Chi Keung                                                         
    Ms. Luk Siu Hung                                                          
    Mr. Chiang Wee Tiong                                                      
                                                                              
    Independent Non-Executive Directors                                       
    Mr. Terry Ian Butcher                                                     
    Mr. Vincent Yu                                                            
    Mr. Chan Cher Boon                                                        
                                                                              
    This announcement, for which the Directors                                
    collectively and individually accept responsibility,                      
    includes particulars given in compliance with the                         
    Rules Governing the Listing of Securities on the                          
    Growth Enterprise Market of the Stock Exchange for                        
    the purpose of giving information with regard to the                      
    Company. The Directors, having made all reasonable                        
    enquiries, confirm that, to the best of their                             
    knowledge and belief:- (1) the information contained                      
    in this announcement is accurate and complete in all                      
    material respects and not misleading; (2) there are                       
    no other matters the omission of which would make any                     
    statement in this announcement misleading; and (3)                        
    all opinions expressed in this announcement have been                     
    arrived at after due and careful consideration and                        
    are founded on bases and assumptions that are fair                        
    and reasonable.                                                           
                                                                              
    The above announcement is a summary only. For the full                    
    version of this announcement, please refer to the                         
    "Latest Company Announcements" page on the GEM                            
    website of www.hkgem.com.