09:32     MAGICIAN IND<00526>-Announcement & Resumption of Trading(8)         

    Mr. Leung did not hold any directorship in any public                     
    listed companies in the last three years.                                 
                                                                              
    The term of office of Mr. Leung will be determined by                     
    the Board and he will be subject to retirement by                         
    rotation and re-election at the annual general                            
    meetings of the Company in accordance with the                            
    Bye-laws of the Company. The director's fee of Mr.                        
    Leung shall be determined by the Board from time to                       
    time with reference to the prevailing range of fees                       
    for non-executive directors of listed companies in                        
    Hong Kong.                                                                
                                                                              
    Save as disclosed above, Mr. Leung does not hold any                      
    position with the Company and other members of the                        
    Company's group and does not have any relationship                        
    with any other directors, senior management,                              
    substantial shareholders or controlling shareholders                      
    of the Company. As at 14 January 2005, being the date                     
    of the Second Letter, he does not have any beneficial                     
    interest or short position in shares of the Company                       
    within the meaning of Part XV of the SFO.                                 
                                                                              
    Mr. Hui Yat On, Kelvin, aged 45, has over twenty years                    
    working experience in corporate finance, financial                        
    control, financial services, project investment and                       
    financial consultancy fields in listed companies and                      
    private companies in Hong Kong and the PRC.                               
                                                                              
    Mr. Hui holds a Master of Professional Accounting                         
    degree from The Hong Kong Polytechnic University and                      
    a Bachelor of Business Administration degree from The                     
    Chinese University of Hong Kong. He is a fellow member                    
    of The Chartered Association of Certified Accountants                     
    and The Institute of Chartered Secretaries and                            
    Administrators, an associate member of The Hong Kong                      
    Institute of Certified Accountants, Hong Kong                             
    Institute of Company Secretaries, and Taxation                            
    Institute of Hong Kong, a member of Hong Kong                             
    Securities Institute and Hong Kong Institute of                           
    Registered Financial Planners.                                            
                                                                              
    Mr. Hui had served several Hong Kong listed companies                     
    as executive director, company secretary and senior                       
    executive. He had also been the senior executive of                       
    an international accounting firm and the government                       
    authority. However, Mr. Hui did not hold directorship                     
    in any public listed companies in the last three years.                   
                                                                              
    The term of office of Mr. Hui will be determined by                       
    the Board and he will be subject to retirement by                         
    rotation and re-election at the annual general                            
    meetings of the Company in accordance with the                            
    Bye-laws of the Company. The director's fee of Mr. Hui                    
    shall be determined by the Board from time to time with                   
    reference to the prevailing range of fees for                             
    non-executive directors of listed companies in Hong                       
    Kong.                                                                     
                                                                              
    Save as disclosed above, Mr. Hui does not hold any                        
    position with the Company and other members of the                        
    Company's group and does not have any relationship                        
    with any other directors, senior management,                              
    substantial shareholders or controlling shareholders                      
    of the Company. As at 14 January 2005, being the date                     
    of the Second Letter, he does not have any beneficial                     
    interest or short position in shares of the Company                       
    within the meaning of Part XV of the SFO.                                 
                                                                              
    Ms. Ho Cheuk Lai, Fannie, aged 44, graduated from the                     
    Hong Kong Polytechnic University in 1993 with a                           
    Bachelor of Arts Degree in Hospitality Management. She                    
    obtained a Master of Arts Degree in Human Resources                       
    Management from Macquarie University, Australia in                        
    1997. Ms. Ho was the Chief Operations Officer of                          
    HuaDong Medicine Group Company Limited, a company                         
    listed at the Shenzhen Stock Exchange of the PRC. She                     
    is currently undertaking a research project for a                         
    Doctoral Degree in Business Administration offered by                     
    the University of South Australia.                                        
                                                                              
    Save as disclosed above, Ms. Ho did not hold any                          
    directorship in any public listed companies in the                        
    last three years.