10:04     CENTURY LEGEND<00079> - Announcement                                

    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited. 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.                                                             
                                                                              
    CENTURY LEGEND (HOLDINGS) LIMITED                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 0079)                                                        
                                                                              
    UNUSUAL MOVEMENTS IN SHARE PRICE AND TRADING VOLUME AND CLARIFICATION     
    ANNOUNCEMENT                                                              
                                                                              
                                                                              
    This announcement is made in response to certain unusual movements in     
    the share price and trading volume of the shares of the Company and       
    certain press article published recently in relation to introduction of   
    strategic investors of the Company and the report by Deutsche Bank        
    regarding target share price of the Company.                              
                                                                              
    The Board is not aware of any reasons for such increases.                 
                                                                              
    Clarification of Press Article                                            
                                                                              
    The Board of Directors (the "Board") of Century Legend (Holdings)         
    Limited (the "Company") refers to a press article in Hong Kong Daily      
    News published on 4 January 2005 regarding introduction of strategic      
    investors of the Company and the report by Deutsche Bank that the target  
     price of the Company's share is HK$2.3 (the "Article"). The Board would  
     like to clarify that such information of introduction of strategic       
    investors of the Company as published in the Article is inaccurate. The   
    Board is not aware of the source or content of the report by Deutsche     
    Bank in relation to the target share price of the Company.                
                                                                              
    Unusual Price and Trading Volume Movements                                
                                                                              
    The Board has noted the increase in the price and trading volume of the   
    shares of the Company on 4 January 2005 and wish to state that we are     
    not aware of any reasons for such increases save for the announcement of  
     the Company dated 10 December 2004 on unusual movements in the price     
    and trading volume of the shares of the Company and announcement of the   
    Company dated 23 December 2004 on unusual movements in the price and      
    trading volume of the shares of the Company and clarification             
    announcement. The Board would like to update our shareholders that the    
    Company is still negotiating with China Sky Investments Limited, the      
    beneficial owner of Barsmark Investments Limited, the substantial         
    shareholder of the Company as regards formation of a company in Macau     
    for the purpose of applying gaming intermediaries license in Macau.       
                                                                              
    We also confirm that there are no 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 which individually and jointly accept   
    responsibility for the accuracy of this statement.                        
                                                                              
    Shareholders and investors are reminded to exercise caution in dealing    
    in the shares of the Company.                                             
                                                                              
    As at the date hereof, the Board comprises six directors, of which three  
     are executive directors, namely Mr. Tsang Chiu Mo Samuel, Ms. Chu Ming   
    Tak Evans Tania and Mr. Tsang Chiu Ching; and three are independent       
    non-executive directors, namely Mr. Yu Yun Kong, Mr. Hui Yan Kit and Mr.  
     Hung Sui Kwan.                                                           
                                                                              
    By order of the Board                                                     
    Century Legend (Holdings) Limited                                         
    Chu Ming Tak Evans Tania                                                  
    Executive Director                                                        
                                                                              
    Hong Kong, 4 January 2005                                                 
                                                                              
    *  For identification purpose only