09:41     KWONG SANG HONG<00189>-Announcement&Resumption of Trading(2)        

    (ii) at the Special General Meeting held on Wednesday, 5th                
    January, 2005, voting by way of poll was demanded by the                  
    chairman of the Special General Meeting.  A total of                      
    959,899,416 KSH Shares (i.e. the entire issued share                      
    capital of KSH) were entitled to attend and vote for or                   
    against the special resolution at the Special General                     
    Meeting.  Of these, a total of 764,852,078 KSH Shares were                
    voted either in person or by proxy.  743,733,666 KSH Shares               
    (representing approximately 97.2% of the KSH Shares voted                 
    at the Special General Meeting) voted for the special                     
    resolution and 21,118,412 KSH Shares (representing                        
    approximately 2.8% of the KSH Shares voted at the Special                 
    General Meeting) voted against the special resolution.                    
    The special resolution to approve and give effect to the                  
    Scheme was duly passed by not less than three-fourths of                  
    the votes cast by the KSH Shareholders present and voting                 
    in person or by proxy; and                                                
                                                                              
    (iii) the Company's branch share registrar in Hong Kong,                  
    Computershare Hong Kong Investor Services Limited at 46th                 
    Floor, Hopewell Centre, 183 Queen's Road East, Wanchai,                   
    Hong Kong, was appointed as the scrutineer in the Court                   
    Meeting and the Special General Meeting for the purpose of                
    vote-taking.                                                              
                                                                              
    EFFECTIVE DATE OF THE PROPOSAL                                            
                                                                              
    The Scheme will become effective when it is sanctioned (with              
    or without modification) by the Supreme Court and an office               
    copy of the Supreme Court order is delivered to the                       
    Registrar of Companies in Bermuda for registration and is                 
    registered.  Registration is expected to take place in the                
    morning on Friday, 21st January, 2005 (Bermuda time) (which               
    will be the evening on Friday, 21st January, 2005 (Hong Kong              
    time)).  The KSH Shareholders will be notified of the exact               
    date on which the Proposal becomes effective by further                   
    press announcement.                                                       
                                                                              
    The Scheme will lapse if it does not become effective on                  
    or before Thursday, 31st March, 2005 (or such other date                  
    as Power Jade and KSH may agree or as the Supreme Court may               
    direct), and the KSH Shareholders will be notified                        
    accordingly by way of a press announcement.                               
                                                                              
    EXPECTED TIMETABLE                                                        
                                                                              
    The KSH Shareholders should note that the expected                        
    timetable for the Proposal is as follows:                                 
                                                                              
    Hong Kong time                                                            
                                                                              
    2005                                                                      
                                                                              
    Supreme Court hearing of the petition to sanction the Scheme              
    (Note 1) . Friday, 14th January                                           
                                                                              
    Last day for dealings in the KSH Shares . Monday, 17th                    
    January                                                                   
                                                                              
    Latest time for lodging transfers of the KSH Shares to                    
    qualify for the Cancellation Price under the Scheme . 4:00                
    p.m. on Thursday, 20th January                                            
                                                                              
    Record Time . 4:30 p.m. on Thursday, 20th January                         
                                                                              
    Effective Date (Note 2) . Friday, 21st January                            
                                                                              
    Press announcement on the Effective Date and withdrawal of                
    listing of the KSH Shares in The Standard and the Hong Kong               
    Economic Times . Monday, 24th January                                     
                                                                              
    Withdrawal of the listing of the KSH Shares on the Stock                  
    Exchange becomes effective (Note 2) . 9:30 a.m. on Monday,                
    24th January                                                              
                                                                              
    Cheques for cash payment under the Scheme to be despatched                
    on or before . Monday, 31st January                                       
                                                                              
    1. All references to times and dates are references to Hong               
    Kong times and dates, other than the reference to the                     
    expected date for the Supreme Court hearing of the petition               
    to sanction the Scheme, which is a reference to the relevant              
    date in Bermuda.  For the period from 1st November, 2004                  
    to 2nd April, 2005, Bermuda time is twelve hours behind Hong              
    Kong time.