09:33     MAGICIAN IND<00526>-Announcement & Resumption of Trading(10)        

    Mr. U Keng Tin, aged 54, graduated from the University                    
    of San Francisco, USA and holds a Master Degree in                        
    International Economics. He has over 20 years                             
    experience in securities and stock brokerage                              
    businesses in the South-East Asia stock markets and                       
    possesses extensive experience in managing local and                      
    overseas brokerage firms. Since the early 1980s, Mr.                      
    U acted as dealing director of ASG Brokerage Limited,                     
    Standard Capital Brokerage Limited, and PBI                               
    Securities (Hong Kong) Limited respectively, and                          
    managed their operations on a daily basis. From 2000                      
    onwards, Mr. U provides a range of consultancy                            
    services to securities companies. Mr. U has acted as                      
    an executive director of Seapower Resources                               
    International Limited and retired on 16 July 2004.                        
    Save as disclosed above, Mr. U did not hold any other                     
    directorships in any listed public companies in the                       
    last three years.                                                         
                                                                              
    The term of office of Mr. U will be determined by the                     
    Board and he will be subject to retirement by rotation                    
    in accordance with the Bye-laws of the Company. The                       
    director's fee for Mr. U shall be determined by the                       
    Board from time to time with reference to the                             
    prevailing range of fees for independent                                  
    non-executive directors of listed companies in Hong                       
    Kong. Mr. U does not have any interest in shares in                       
    the Company within the meaning of Part XV of the SFO                      
    nor has any relationship with any directors, senior                       
    management, substantial or controlling shareholders                       
    of the Company. Mr. U does not hold any position with                     
    the Company and its subsidiaries.                                         
                                                                              
    Further announcement(s) will be made by the Company                       
    in accordance with the Listing Rules, in the event that                   
    the emoluments and other terms regarding the                              
    appointment of the above named persons as directors                       
    have been determined by the Board.                                        
                                                                              
    By Order of the Board                                                     
    Magician Industries (Holdings) Limited                                    
    Will Hoon Wee Teng                                                        
    Chairman                                                                  
                                                                              
    Hong Kong, 14 January 2005                                                
                                                                              
    As at the date of this announcement, the Board of the                     
    Company comprises Mr. Will Hoon Wee Teng (Chairman and                    
    non-executive director), Mr. Patrick Zee being an                         
    Executive Director, Mr. Kenneth Chan Chun Hing, Mr.                       
    Wong Kwong Chi, Mr. Kong Yick Ming, Mr. Ku Ling Yu,                       
    John and Miss Katrina Kok Zhi Yi being Non - Executive                    
    Directors, Mr. Rawdon Tsui Sing Kee, Mr. Cheung Sun                       
    Lung and Mr. Andrew Ma Chiu Cheung being Independent                      
    Non-Executive Directors.