09:21     MATRIX HOLDINGS<01005> - 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.                   
                                                                              
    MATRIX HOLDINGS LIMITED                                                   
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1005)                                                        
                                                                              
    FURTHER DELAY IN DESPATCH OF CIRCULAR                                     
                                                                              
    Financial adviser to Matrix Holdings Limited                              
                                                                              
    Quam Capital Limited                                                      
                                                                              
    Despatch of the circular to the Shareholders in relation to the major     
    transaction will be further delayed from 7 January 2005 to on or about    
    31 January 2005.                                                          
                                                                              
    Reference is made to the announcement (the "Announcement") of the         
    Company dated 18 November 2004 in relation to, among others, the major    
    transaction regarding the proposed acquisition of the Shelcore Group      
    (the "Acquisition") and the announcement of the Company dated 8           
    December 2004 in relation to delay in despatch of the circular (the       
    "Circular") to the shareholders of the Company regarding the              
    Acquisition.  Unless the context otherwise requires, capitalised terms    
    used herein shall have the same meanings as defined in the Announcement.  
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, the Company is required to   
    despatch the Circular to the Shareholders within 21 days after            
    publication of the Announcement.  Accordingly, the Circular is required   
    to be despatched on or about 9 December 2004. On 9 December 2004, the     
    Company announced that it had made an application to the Stock Exchange   
    for an extension of time for the despatch of the Circular to on or        
    about 7 January 2005, and was subsequently granted a waiver by the        
    Stock Exchange from strict compliance with Rule 14.38 of the Listing      
    Rules for the despatch of the Circular to the requested date. As at the   
    date of this announcement, the audit for each of the Shelcore Companies   
    had been substantially completed by the respective audit firms in the     
    four countries where each of the Shelcore Companies is located.           
    However, more time is required to finalise certain financial              
    information for disclosure in the Circular and the accountants' report    
    for each of the Shelcore Companies, in order to meet the disclosure       
    requirements in the Listing Rules.                                        
                                                                              
    The Company has applied to the Stock Exchange for an additional waiver    
    from the strict compliance with Rule 14.38 of the Listing Rules and a     
    further extension of deadline for the despatch of the Circular to on or   
    about 31 January 2005.                                                    
                                                                              
    As at the date of this announcement, the Board comprises Mr. Cheng Yung   
    Pun, Mr. Yu Sui Chuen and Ms. Cheng Wing See, Nathalie as executive       
    Directors and Messrs. Loke Yu alias Loke Hoi Lam, Mak Shiu Chung,         
    Godfrey and Wan Hing Pui as independent non-executive Directors.          
                                                                              
    By order of the Board                                                     
    Cheng Yung Pun                                                            
    Chairman                                                                  
                                                                              
    Hong Kong, 6 January 2005