09:15     HANSOM EASTERN<00279> - Announcement & Resumption (3)               

    any of such events as at the date of this announcement.                   
                                                                              
    Completion:        The Placing is to be completed on the third business   
    day after satisfaction of the Conditions. The Placing Agreement will      
    lapse if the Conditions are not satisfied by 24th January, 2005 unless    
    the parties agree otherwise in writing. Accordingly, the Placing is       
    expected to be completed not later than 27th January, 2005.               
                                                                              
    Reasons for the Placing:        In view of the current market conditions  
    (in particular, the recent well performance of the Hong Kong stock        
    market), the directors of the Company consider that the Placing           
    represents a good opportunity to raise further working capital for the    
    Company while at the same time broadening its shareholder and capital     
    base. The additional working capital will enable the Company to consider  
    further expansion or investment opportunities. However, at present, the   
    Company has no specific expansion or investment proposals.                
                                                                              
    Fund raising activity in the past 12 months:        The Company has       
    placed 240,000,000 new Shares at HK$0.052 per Share, as referred to in    
    the Company's announcement dated 5th May, 2004. The net proceeds of the   
    placing was approximately HK$12.1 million. The proceeds were intended to  
    be used and has been used for general working capital.                    
                                                                              
            The Company has placed 150,000,000 new Shares at HK$0.055 per     
    Share, as referred to in the Company's announcement dated 30th January,   
    2004. The net proceeds of the placing was approximately HK$7.9 million.   
    The proceeds were intended to be used and has been used for general       
    working capital.                                                          
                                                                              
            Save as mentioned above, the Company has not engaged in any fund  
    raising activities in the past twelve months from the date of this        
    announcement.                                                             
                                                                              
    General:        The directors of the Company consider the terms of the    
    Placing Agreement to be fair and reasonable and in the interests of the   
    Company and the shareholders of the Company as a whole.                   
                                                                              
            Trading in the shares of the Company on the Stock Exchange was    
    suspended at the request of the Company with effect from 10:50 a.m. on    
    7th January, 2005 pending the release of this announcement. The Company   
    has applied to the Stock Exchange for a resumption of trading in its      
    Shares with effect from 9:30 a.m. on Monday, 10th January, 2005.          
                                                                              
    Definitions:        The following defined terms are used in this          
    announcement:                                                             
                                                                              
    "Company"        Hansom Eastern (Holdings) Limited                        
                                                                              
    "Condition"        the condition to be satisfied prior to completion of   
    the Placing, as stated above under the heading "Condition"                
                                                                              
    "Group"        The Company and its subsidiaries                           
                                                                              
    "Listing Rules"        Rules Governing the Listing of Securities on the   
    Stock Exchange                                                            
                                                                              
    "Placing"        placing of the Placing Shares pursuant to the Placing    
    Agreement                                                                 
                                                                              
    "Placing Agent"        Uni-Alpha Securities Limited                       
                                                                              
    "Placing Agreement"        agreement dated 7th January, 2005 between the  
    Company and the Placing Agent                                             
                                                                              
    "Placing Shares"        300,000,000 new ordinary Shares                   
                                                                              
    "Shares"        ordinary shares of HK$0.01 each in the share capital of   
    the Company                                                               
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    As at the date of this announcement, the directors of the Company are:-   
                                                                              
    Executive Directors                                                       
    Mr. Kwong Wai Tim, William (Managing Director)                            
    Ms. Yau Shum Tek, Cindy                                                   
    Mr. Lai Ming Wai                                                          
                                                                              
    Independent Non-executive Directors                                       
    Mr. Lam Ping Cheung                                                       
    Mr. Kwong Kai Sing, Benny                                                 
    Mr. Lo Ming Chi, Charles                                                  
                                                                              
    By Order of the Board                                                     
    Hansom Eastern (Holdings) Limited