09:41     KWONG SANG HONG<00189>-Announcement&Resumption of Trading(1)        

    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.                                
                                                                              
    POWER JADE LIMITED                                                        
    (Incorporated in the British Virgin Islands with limited liability)       
                                                                              
    THE KWONG SANG HONG INTERNATIONAL LIMITED                                 
    (Incorporated in Bermuda with limited liability)                          
    Stock Code: 189                                                           
                                                                              
    RESULTS OF THE COURT MEETING AND THE SPECIAL GENERAL MEETING              
                                                                              
    RELATING TO                                                               
    PROPOSED PRIVATISATION OF                                                 
    THE KWONG SANG HONG INTERNATIONAL LIMITED                                 
    BY POWER JADE LIMITED                                                     
    (TRADING AS POWER JADE CAPITAL LIMITED)                                   
    BY WAY OF A SCHEME OF ARRANGEMENT                                         
                                                                              
    The Scheme was approved at the Court Meeting and the Special              
    General Meeting.                                                          
                                                                              
    At the request of KSH, trading in the KSH Shares was                      
    suspended with effect from 9:30 a.m. on Wednesday, 5th                    
    January, 2005 pending the release of this announcement.  An               
    application has been made to the Stock Exchange requesting                
    the resumption of trading in the KSH Shares with effect from              
    9:30 a.m. on Thursday, 6th January, 2005.                                 
                                                                              
                                                                              
    This announcement is made further to the scheme document                  
    dated 13th December, 2004 despatched to the KSH                           
    Shareholders in relation to the Proposal (the "Scheme                     
    Document").  Capitalised terms used in this announcement                  
    shall have the same meanings as defined in the Scheme                     
    Document unless the context herein requires otherwise.                    
                                                                              
    RESULTS OF THE COURT MEETING AND THE SPECIAL GENERAL MEETING              
                                                                              
    The KSH Directors announce that:                                          
                                                                              
    (i) at the Court Meeting held on Wednesday, 5th January,                  
    2005, 76 KSH Independent Shareholders, representing                       
    6,015,119 Scheme Shares, and HKSCC Nominees Limited*,                     
    representing 171,107,162 Scheme Shares (equivalent to a                   
    total of 177,122,281 Scheme Shares (amounting to                          
    approximately 18.5% of the issued KSH Shares and                          
    approximately 47.5% of the Scheme Shares held by all the                  
    KSH Independent Shareholders)), voted either in person or                 
    by proxy or, in the case of a corporation, by a duly                      
    authorised representative.  Of these, 62 KSH Independent                  
    Shareholders and HKSCC Nominees Limited*, representing a                  
    total of 157,166,119 Scheme Shares, voted in favour of the                
    Scheme (amounting to approximately 88.7% of the Scheme                    
    Shares voted at the Court Meeting) and, 14 KSH Independent                
    Shareholders and HKSCC Nominees Limited*, representing a                  
    total of 19,956,162 Scheme Shares, voted against the Scheme               
    (amounting to approximately 11.3% of the Scheme Shares                    
    voted at the Court Meeting and approximately 5.3% of the                  
    Scheme Shares held by all the KSH Independent                             
    Shareholders).                                                            
                                                                              
    *Note: HKSCC Nominees Limited, a KSH Independent                          
    Shareholder, voted as nominee in one of its proxies for                   
    171,107,162 Scheme Shares, of which 152,416,750 Scheme                    
    Shares were voted for and 18,690,412 Scheme Shares were                   
    voted against the Scheme.                                                 
                                                                              
    As the Scheme was approved by a majority in number of the                 
    KSH Independent Shareholders present and voting either in                 
    person or by proxy or, in the case of a corporation, by a                 
    duly authorised representative at the Court Meeting                       
    representing not less than three-fourths in value of the                  
    Scheme Shares that were voted either in person or by proxy                
    by the KSH Independent Shareholders (by way of poll) and                  
    was not disapproved by more than 10% of the Scheme Shares                 
    held by all the KSH Independent Shareholders, the                         
    resolution to approve the Scheme was duly passed;