09:57     WONSON INT'L<00651>-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.               
                                                                              
    WONSON INTERNATIONAL HOLDINGS LIMITED                                     
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 651)                                                         
                                                                              
    ANNOUNCEMENT                                                              
    PRESS CLARIFICATION                                                       
    AND                                                                       
    ISSUE OF CONVERTIBLE NOTES                                                
    Placing agent for the issue of the Convertible Notes                      
    KINGSTON SECURITIES LIMITED                                               
                                                                              
                                                                              
                                                                              
                                                                              
     PRESS CLARIFICATION                                                      
     Reference is made to the Announcement                                    
    and the Articles. The Board wishes to inform the shareholders of the      
    Company and the potential investors that the Company is not aware of      
    the source of information as mentioned in the Articles. The Board         
    also wishes to announce that the Company is negotiating with third        
    parties independent of the Company, and are not connected persons of      
    the Company for investments in gambling and hospitality businesses in     
    Macau but no terms or agreements in respect of such investments have      
    been finalised. As no agreements, contracts, memorandum of                
    understanding or letter of intent, have been entered into and no          
    terms (including the consideration and capital commitment in respect      
    of such investments) have yet been finalized, there is no assurance       
    that the investments may proceed.                                         
                                                                              
    ISSUE OF CONVERTIBLE NOTES                                                
    On 5 January 2005, the Company and the Placing Agent entered into         
    the Placing Agreement, pursuant to which, the Placing Agent               
    conditionally agreed to place, on a fully underwritten basis to not       
    fewer than six Placees the Convertible Notes which are proposed to be     
    issued in an aggregate principal amount of HK$50 million. The             
    Convertible Notes will carry a right to convert into new Shares at        
    the conversion price of, subject to adjustment, HK$0.25 per Share         
    from the date of issue of the Convertible Notes to the Maturity           
    Date.                                                                     
                                                                              
     No application will be made for listing of the                           
    Convertible Notes. Application will be made to the Listing Committee      
    of the Stock Exchange for the listing of and permission to deal in        
    the Shares falling to be issued upon exercise of the Convertible          
    Notes. Completion of the Placing Agreement is conditional upon,           
    amongst other things, the Stock Exchange granting or agreeing to          
    grant listing of, and permission to deal in, the Conversion Shares        
    and the granting of approval by the Shareholders on the Placing           
    Agreement and the passing of the relevant resolution for the approval     
    of the issue of the Convertible Notes at the SGM.                         
                                                                              
    GENERAL                                                                   
    A circular of the Company containing, amongst other things, further       
    details of the issue of the Convertible Notes and a notice of the SGM     
    for the purpose of approving the Placing Agreement will be despatched     
    to the Shareholders as soon as practicable in accordance with the         
    Listing Rules.                                                            
                                                                              
    Shareholders and potential investors should note that the Placing         
    Agreement is subject to conditions to be fulfilled.                       
                                                                              
    Shareholders and potential investors are reminded to exercise             
    caution when dealing in the Shares.                                       
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
    At the request of the Company, trading in the Shares on the Stock         
    Exchange was suspended with effect from 9:31 a.m. on Tuesday, 4           
    January 2005 pending the release of this announcement. Application        
    has been made by the Company for the resumption of trading in the         
    Shares on the Stock Exchange with effect from 9:30 a.m. on Thursday,      
    6 January 2005.                                                           
                                                                              
    PRESS CLARIFICATION                                                       
    The announcement of press clarification is made at the request of         
    The Stock Exchange of Hong Kong Limited (the `Stock Exchange').           
                                                                              
    Reference is made to the announcement of Wonson International             
    Holdings Limited (the `Company') dated 31 December, 2004 (the             
    `Announcement') and the articles appeared on the newspapers in Hong       
    Kong on 4 January 2005 in relation to the possible acquisition by the     
    Company of interests in a hotel with casino business which will           
    include certain gambling tables in Macau (the `Articles'). The board      
    of directors of the Company (the `Board') wishes to inform the            
    shareholders of the Company and the potential investors that the