09:14     FORTUNA INT'L<00530>-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 however arising from or in                        
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    RESUMPTION OF TRADING                                                     
                                                                              
    INFORMATION OF THE GROUP                                                  
    The Company would like to clarify that it is currently                    
    in negotiation with an independent third party (not                       
    connected persons of the Company) in relation to the                      
    Transaction.                                                              
                                                                              
    However, no agreement or consensus could be reached                       
    between the parties on 10th January 2005 as to the final                  
    number of Shares to be issued under the Transaction                       
    as part of the consideration. At present, negotiation                     
    in relation to the Transaction is still undergoing on                     
    amicable terms and the parties expect that the                            
    agreement for the Transaction can be finalised within                     
    a short period of time. Since the Directors do not have                   
    an exact time for signing the agreement and in order                      
    to avoid a prolonged suspension, the Directors request                    
    to resume the trading of Shares.                                          
                                                                              
    Shareholders should note that the Transaction may or                      
    may not proceed. If the Transaction proceeds, it may                      
    constitute a notifiable transaction. Further                              
    announcement(s) will be made to inform the                                
    Shareholders. Shareholders and investors are advised                      
    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 of Hong Kong Limited was                            
    suspended with effect from 9:30 a.m. on 4th January                       
    2005 pending the release of an announcement in                            
    relation to a price sensitive information of the                          
    Company which involves the issue of new Shares.                           
    Application has been made for the resumption of                           
    trading of the Shares on the Stock Exchange at 9:30                       
    a.m. on 11th January 2005.                                                
                                                                              
    INFORMATION OF THE GROUP                                                  
    Fortuna International Holdings Limited ("Company")                        
    would like to clarify that it is currently in                             
    negotiation with an independent third party (not                          
    connected person of the Company) concerning an                            
    acquisition by the Company of 30% interests in a hotel                    
    situated in Macau, of which involves the operation of                     
    casino ("Transaction"). The vendors ("Vendors") of                        
    the Transaction will be responsible for procuring a                       
    casino operator to operate the casino. No conclusion                      
    has been determined and further details of the mode                       
    of operation of the casino including who will be the                      
    casino operator have yet to be finalised. The                             
    negotiation has reached the final stage. In view that                     
    the terms and conditions of the Transaction have been                     
    substantially agreed between the parties, the Company                     
    expected that the negotiation was to be concluded and                     
    formal agreements were to be signed on 4th January 2005,                  
    therefore the Company requested for a suspension of                       
    the trading of its shares of the Company ("Shares")                       
    on the same day pending the release of an announcement                    
    in relation to the Transaction.                                           
                                                                              
    The Transaction will involve the issue of new Shares.                     
    However, no agreement or consensus could yet be                           
    reached between the parties on 10th January 2005 as                       
    to the final number of Shares to be issued under the                      
    Transaction as part of the consideration. At present,                     
    negotiation in relation to the Transaction is still                       
    undergoing on amicable terms and the parties expect                       
    that the agreement for the Transaction can be                             
    finalised within a short period of time. Since the                        
    director of the Company ("Directors") do not have an                      
    exact time for signing the agreement and in order to                      
    avoid a prolonged suspension, the Directors request                       
    to resume the trading of Shares.