09:17     UNITY INV HOLD<00913> - Announcement & Resumption (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 howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    UNITY INVESTMENTS HOLDINGS LIMITED                                        
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 913)                                                         
                                                                              
    PROPOSED CAPITAL REORGANISATION                                           
    AND REFRESHMENT OF SHARE OPTION MANDATE LIMIT                             
                                                                              
    The Board is pleased to put forward the following proposals to the        
    Shareholders:-                                                            
                                                                              
    (a)  to reduce the capital and par value of each issued Share from        
    HK$0.10 each to HK$0.01 each;                                             
                                                                              
    (b)  to subdivide every unissued Share into 10 New Shares; and            
                                                                              
    (c)  to increase the authorized share capital of the Company to           
    HK$500,000,000.                                                           
                                                                              
    The credit arising from the Capital Reduction will be applied for such    
    purposes as permitted by the laws of the Cayman Islands, including        
    setting off its accumulated losses or part thereof.                       
                                                                              
    The Capital Reorganisation will be conditional upon the following:-       
                                                                              
    (i)  the approval by the Shareholders by way of special and ordinary      
    resolutions at the EGM;                                                   
                                                                              
    (ii)  compliance with the conditions which the Court may impose;          
                                                                              
    (iii)  the confirmation of the Capital Reduction by the Court and the     
    registration by the Registrar of Companies in the Cayman Islands of a     
    copy of the Court order and the minute containing the particulars         
    required under the Companies Law; and                                     
                                                                              
    (iv)  the Listing Committee of the Stock Exchange granting the listing    
    of, and permission to deal in, the New Shares.                            
                                                                              
    The Board also wishes to take this opportunity to seek the approval of    
    the Shareholders to refresh the Scheme Mandate Limit, following the       
    completion of the Rights Issue.                                           
                                                                              
    A circular of the Company containing further details of the Capital       
    Reorganisation, the refreshment of the Scheme Mandate Limit and a         
    notice of the EGM will be sent to the Shareholders as soon as             
    practicable.                                                              
                                                                              
    Reference is made to an announcement of the Company dated 11 January      
    2005 in relation to the subscription agreement dated 10 January 2005      
    entered into between the Company, Chau Tuk Shun and Chung Nam             
    Securities Limited and dealings in the Shares on the Stock Exchange has   
    been suspended at the request of the Company with effect from 9:30        
    a.m., 7 January 2005 pending release of the announcement regarding the    
    subscription. Application has been made by the Company for the            
    resumption of dealings in the Shares on the Stock Exchange on 9:30        
    a.m., 11 January 2005.                                                    
                                                                              
    A.  PROPOSED CAPITAL REORGANISATION                                       
                                                                              
    The Board is pleased to put forward the following proposals to the        
    Shareholders:-                                                            
                                                                              
    (a)  to reduce the authorised and issued share capital of the Company     
    by cancelling issued and paid up capital to the extent of HK$0.09 on      
    each issued Share and by reducing the nominal value of each issued        
    Share from HK$0.10 to HK$0.01;                                            
                                                                              
    (b)  to subdivide every unissued Share into 10 unissued New Shares of     
    HK$0.01 each; and                                                         
                                                                              
    (c)  to increase the authorized share capital of the Company to           
    HK$500,000,000.                                                           
                                                                              
    The credit arising from the Capital Reduction is expected to be about     
    HK$34,560,000 calculated based on the Company's present issued share      
    capital. It will be applied for such purposes as permitted by the laws    
    of the Cayman Islands, including setting off the accumulated losses of    
    the Company or part thereof as at the effective date of the Capital       
    Reorganisation. As at 31 December 2003, the audited accumulated losses