10:10 <00201><00219><00253>-Joint Ann & Resumption of Trading (8) "associate(s)" has the meaning ascribed to it under the Listing Rules "Boards" the board of Directors of the respective Companies "Companies" Magnificent Estates, Shun Ho Technology and Shun Ho Resources "Completion" the completion of the Acquisition pursuant to the terms and conditions of the S&P Agreement "Completion Accounts" the accounts of Yuki, Longluck and the Project Company for the period from 1 November 2004 to the Completion Date "Completion Date" 21 February 2005 "Condition" the condition precedent to Completion, as more particularly set out under the paragraph headed "Condition to Completion" of this announcement "Consideration" the consideration payable by the Purchaser for the Sale Shares and the Sale Debts "Director(s)" director(s) of the Companies "Groups" Magnificent Estates Group, Shun Ho Technology Group and Shun Ho Resources Group "Hong Kong" The Hong Kong Special Administrative Region of the PRC "Hotel" the hotel to be operated by the Project Company on the Property under the name of "Taipa Hotel *" "Independent Third Party(ies)" an independent third party which is not connected with the chief executive, directors and substantial shareholders of the Companies or any of their respective subsidiaries and their respective associates "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Longluck" Longluck Investments Limited, a company incorporated in the British Virgin Islands with limited liability "Longluck Share" 1 share of US$1.00 each in Longluck, representing the entire issued share capital of Longluck "Macau" The Macau Special Administrative Region of the PRC "Magnificent Estates" Magnificent Estates Limited (*) a company incorporated in Hong Kong with limited liability, the shares of which are listed on the Stock Exchange "Magnificent Estates Group" Magnificent Estates and its subsidiaries "Magnificent Estates Shares" share(s) of HK$0.01 each in the share capital of Magnificent Estates "Magnificent Estates Shareholders" holders of Magnificent Estates Shares "PRC" The People's Republic of China, which for the purpose of this announcement, excludes Hong Kong, Macau and Taiwan "Project Company" Sociedade De Investimento E Desenvolvimento Grand, Limitada (Grand-Invest & Development Company Limited) (*), a company incorporated under the laws of Macau "Property" land lot situated at ilha da Taipa, near Rotunda Ouvidor Arriaga, Macau (formerly known as antiga Estrada do Coronel Mesquita) "Provisional Agreement" the provisional agreement entered into between the Vendor and the Purchaser on 28 December 2004 "Purchaser" Himson Enterprises Limited, an indirect wholly-owned subsidiary of Magnificent Estates, being a company incorporated in the British Virgin Islands with limited liability "S&P Agreement" the formal sale and purchase agreement to be entered into between the Vendor and the Purchaser in relation to the Acquisition "Sale Assets" the Sale Shares and the Sale Debt "Sale Debt" the existing shareholders' loan payable by Yuki to the Vendor