09:28     SUNNY GLOBAL<01094> - 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.               
                                                                              
                                                                              
    SUNNY GLOBAL HOLDINGS LIMITED                                             
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 1094)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
                                                                              
    The Board has noted the recent increase in the price and trading          
    volume of the shares of the Company and wishes to state that it is        
    not aware of any reason for such increase except that the Company is      
    currently in negotiation with an independent third party on a             
    proposed acquisition which may constitute a notifiable transaction of     
    the Company under the Listing Rules.                                      
                                                                              
                                                                              
    This announcement is made at the request of The Stock Exchange of         
    Hong Kong Limited (the `Stock Exchange') under Rule 13.10 of the          
    Rules Governing the Listing of Securities on the Stock Exchange (the      
    `Listing Rules').                                                         
                                                                              
    The board of directors (the `Board') of Sunny Global Holdings             
    Limited (the `Company') have noted the recent increase in the price       
    and trading volume of the shares of the Company and wish to state         
    that the Board is not aware of any reasons for such increase.             
                                                                              
    The Company is currently in negotiation with an independent third         
    party regarding a proposed acquisition of a company which is              
    principally engaged in the business of the provision of information       
    technology and telecommunication facility management services which       
    may constitute a notifiable transaction of the Company pursuant to        
    Chapter 14 of the Listing Rules (the `Proposed Transaction'). The         
    negotiation is still in a stage where the parties are negotiating the     
    principal terms of the agreement and no written formal agreement in       
    respect of the Proposed Transaction has been reached. The Proposed        
    Transaction may or may not proceed. Further announcement will be made     
    by the Company in compliance with the Listing Rules if the Proposed       
    Transaction is materialized.                                              
                                                                              
    Saved as disclosed above, the Board confirms that there are no            
    negotiations or agreements relating to intended acquisitions and          
    realizations which are discloseable under Rule 13.23, neither is the      
    Board aware of any matter discloseable under the general obligation       
    imposed by Rule 13.09, which is or may be of a price-sensitive            
    nature.                                                                   
                                                                              
    Investors should exercise caution when dealing in the shares of the       
    Company.                                                                  
                                                                              
    Made by the order of the Company, the directors of which                  
    individually and jointly accept responsibility for the accuracy of        
    this announcement.                                                        
                                                                              
    As at the date hereof, the Board comprises Messrs. Lee Man Fa, Lin        
    Huis Sheng, Kwok Ming Fai and Tai King Foon as executive directors of     
    the Company and Messrs. Kan Siu Lun, Leung Sai Cheong and Liu Kwok        
    Wah as independent non-executive directors of the Company.                
                                                                              
                                                                              
    By Order of the Board of                                                  
    Sunny Global Holdings Limited                                             
    Lee Man Fa                                                                
    Chairman                                                                  
                                                                              
    Hong Kong, 4 January 2005