09:35     HOPEFLUENT<00733> - Announcement & Resumption of Trading (7)        

    mandate granted by the shareholders of the Company                        
    to the Directors on 24 June 2004. As at the date of                       
    this announcement, no Shares have been issued by the                      
    Company pursuant to the above general mandate.                            
                                                                              
    COMPANY'S PRINCIPAL ACTIVITIES                                            
                                                                              
    The Company acts as an investment holding company.                        
    Its subsidiaries are principally engaged in the                           
    provision of comprehensive real estate agency                             
    services mainly in various areas of the Guangdong                         
    province and other cites in The People's Republic of                      
    China.                                                                    
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
                                                                              
    At the request of the Company, trading in Shares on                       
    the Stock Exchange was suspended from 9:30a.m. on                         
    Tuesday, 18 January 2005 pending the release of this                      
    announcement. Application has been made by the                            
    Company to the Stock Exchange for the resumption of                       
    trading in Shares on the Stock Exchange with effect                       
    from 9:30a.m. on Wednesday, 19 January 2005.                              
                                                                              
    DIRECTORS OF THE COMPANY                                                  
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr. Fu Wai Chung, Ms. Ng Wan, Ms. Fu                        
    Man and Mr. Lo Yat Fung and the independent                               
    non-executive Directors are Mr. Tsao Kwong Yung Peter,                    
    Mr. Ng Keung and Mr. Lam King Pui.                                        
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless the context otherwise                        
    requires the following terms shall have the following                     
    meanings:                                                                 
                                                                              
    "BH Placing Agreement"  a placing agreement dated 17                      
    January 2005 made between Best Hunt Group Limited and                     
    Value Partners for the placing of 2,000,000 existing                      
    Shares at the Placing Price                                               
                                                                              
    "CN Placing Agreement"  a placing agreement dated 17                      
    January 2005 made between China-net Holding Ltd. and                      
    Value Partners for the placing of 2,000,000 existing                      
    Shares at the Placing Price                                               
                                                                              
    "Company"       Hopefluent Group Holdings Limited, a                      
    company incorporated under the laws of the Cayman                         
    Islands with limited liability and the shares of which                    
    are listed on the Stock Exchange                                          
                                                                              
    "Directors"     the directors of the Company; "Director"                  
    shall be construed accordingly                                            
                                                                              
    "FF Placing Agreement"  a placing agreement dated 17                      
    January 2005 made between Fu's Family and Value                           
    Partners for the placing of 14,000,000 existing                           
    Shares at the Placing Price                                               
                                                                              
    "Funds" the funds under management by Value Partners                      
                                                                              
    "Fu's Family"   Fu's Family Limited, a company                            
    incorporated under the laws of the British Virgin                         
    Islands with limited liability and is legally and                         
    beneficially owned as to 70% by Mr. Fu, 15% by Ms.                        
    Ng and 15% by Ms. Fu                                                      
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     Hong Kong Special Administrative Region                   
    of The People's Republic of China