09:33     GORIENT<00729> - Announcement & Resumption (4)                      

    Ko Sai Kit, Larry (Note 3)  160,000  160,000  160,000                     
      (0.01%)  (0.01%)  (0.01%)                                               
                                                                              
    Public  734,509,246  734,509,246  734,509,246                             
      (50.06%)  (50.06%)  (42.53%)                                            
                                                                              
    Placees  -   260,000,000  260,000,000                                     
        (17.72%)  (15.05%)                                                    
                                                                              
    Total  1,467,177,166  1,467,177,166  1,727,177,166                        
      (100.00%)  (100.00%)  (100.00%)                                         
                                                                              
    Note 1:  Assumes that other than the Top-up Subscription Shares, no new   
    Shares are issued or purchased by the Company and other than the          
    Placing Shares no Shares are sold or purchased by the Vendor, in each     
    case after the date of this announcement up to the date of the            
    completion of the Top-up Subscription.                                    
                                                                              
    Note 2:  The Vendor is wholly-owned by the Gouw Family Trust, in which    
    Mr. Gouw Kar Yiu, Carl and Ms. Gouw San Bo, Elizabeth, both being         
    Directors of the Company, and Mr. Gouw Hiap Kian are deemed to have       
    interests.                                                                
                                                                              
    Note 3:  Lo Mun Lam, Raymond and Ko Sai Kit, Larry are the Directors of   
    the Company as at the date of this announcement.                          
                                                                              
    D.  Reason for the Placing and Top-up Subscription                        
                                                                              
    In view of the current market conditions, the Directors consider that     
    the Placing and Top-up Subscription represents a good opportunity to      
    raise capital for the Company while broadening the shareholders base      
    and the capital base of the Company and also enables the Group to have    
    a higher level of working capital to further diversify its business.      
                                                                              
    E.  Adjustment of conversion price of convertible bonds                   
                                                                              
    As at the date of this announcement, the Company has HK$16,000,000        
    outstanding convertible bonds, the full conversion of which will result   
    in the issue by the Company of an additional 88,888,889 Shares at a       
    conversion price of HK$0.18 per Share (subject to adjustment).            
                                                                              
    The issue of the Top-up Subscription Shares at the Top-up Subscription    
    Price will result in an adjustment to the conversion price of the         
    convertible bonds, further announcement in respect of which will be       
    made by the Company upon such adjustment taking effect.                   
                                                                              
    F.  General                                                               
                                                                              
    Fund raising in the 12 months immediately preceding the date of this      
    announcement                                                              
                                                                              
          Date of general                                                     
      Announcement    mandates  Intended use of   Actual use of               
    Description  date  Amount raised  granted  proceeds as announced          
    proceeds                                                                  
                                                                              
    Issue of 2,080,000,000  6 January 2004  HK$34,944,000  29 August 2003     
    To finance the expansion  (i) HK$28 million new Shares to CITIC           
    of its businesses, either by   has been used for International Assets     
         way of joint venture(s) or   the acquisition of Management Limited   
           direct investment(s) in   50% of the issued         automotive     
    related  shares of Intelligent         businesses from time to            
    Transport System         time, and if no such  Holdings Limited           
            opportunities prevail for  and a loan of                          
            the expansion of the   HK$8,139,978 as                            
            Group's business, the net   announced on                          
            proceeds from the  17 February 2004;                              
            subscription will be used  (ii) the remaining                     
            as general working capital.  amount as general                    
              working capital                                                 
                                                                              
    Issue of convertible  18 March 2004  HK$18,000,000  2 February 2004       
    About 50% as general   As general working bonds in an aggregate           
    working capital of the   capital in particular principal amount of        
      Group for its principal   to acquire HK$18,000,000 at the               
    business of design,   electronic conversion price of         production   
    and trading of   components for the HK$0.18 per Share                     
    electronic component and   Group's trading (subject to adjustment)        
       automotive accessories   businessto the independent                    
    business, and the remaining placees who are not         part for          
    investment connected persons of         purposes in the same lines        
    the Company        of the business                                        
                                                                              
    Trading in the Shares of the Company was suspended from 9:30 a.m. on 5