09:40     SUNNY GLOBAL<01094> - Announcement (3)                              

                                   shares of which are listed on              
                                   the Main Board of the Stock                
                                   Exchange                                   
    `Completion'                   completion of the Acquisition              
    `Consideration'                the consideration of                       
                                   HK$15,000,000 for the                      
                                   Acquisition under the                      
                                   Acquisition Agreement                      
    `Director(s)'                  the director(s) of the                     
                                   Company                                    
    `Popular Asset'                Popular Asset Limited, a                   
                                   company incorporated in Hong               
                                   Kong with limited liability                
                                   and is wholly-owned by the                 
                                   Vendor                                     
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Hong Kong'                    the Hong Kong Special                      
                                   Administrative Region of the               
                                   PRC                                        
    `Listing Rules'                Rules Governing the Listing                
                                   of Securities on the Stock                 
                                   Exchange                                   
    `PRC'                          The People's Republic of                   
                                   China                                      
    `Shareholders'                 shareholders of the Company                
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Vendor'                       Fortis Development Limited, a              
                                   company incorporated in Hong               
                                   Kong with limited liability                
    `HK$'                          Hong Kong dollar, the lawful               
                                   currency of Hong                           
                                   Kong                                       
                                                                              
                                   By Order of the Board                      
                                   Sunny Global Holdings Limited              
                                   Lee Man Fa                                 
                                   Chairman                                   
                                                                              
    Hong Kong, 7 January 2005