10:03     EMPEROR IHL<00163> & <02954> - Announcement (2)                     

    GENERAL                                                                   
    As no relevant percentage under the size tests (as                        
    defined in the Listing Rules) exceed 25%, the                             
    Agreement constitutes a discloseable transaction for                      
    the Company under Chapter 14 of the Listing Rules.                        
    A circular containing further information in respect                      
    of the Agreement will be despatched to the                                
    Shareholders as soon as possible.                                         
                                                                              
    TERMS USED IN THIS ANNOUNCEMENT                                           
    "Acquisition"   the acquisition of the Property                           
    contemplated under the Agreement                                          
                                                                              
    "Agreement"   the agreement for sub-sale and purchase                     
    of the Property dated 17th January 2005 entered into                      
    between the Vendor and the Purchaser                                      
                                                                              
    "Company"   Emperor International Holdings Limited,                       
    a company incorporated in Bermuda with limited                            
    liability, the shares of which are listed on the Stock                    
    Exchange                                                                  
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Independent   independent third party(ies) not                           
      Third Party(ies)"   connected with the Directors,                       
    chief executive or substantial shareholders of the                        
    Company or any of its subsidiaries or their respective                    
    associates as defined in the Listing Rules                                
                                                                              
    "Keenworld"   Keenworld Corporation Limited, a                            
    company incorporated in Hong Kong and a wholly-owned                      
    subsidiary of the Company                                                 
                                                                              
    "Listing Rules"   Rules Governing the Listing of                          
    Securities on the Stock Exchange                                          
                                                                              
    "Property"   Shop D, Ground Floor, Cheong Kee House,                      
    No. 4 Sai Yeung Choi Street South and Nos. 21, 21A                        
    & 21B, Soy Street, Kowloon                                                
                                                                              
    "Purchaser"   Keenworld                                                   
                                                                              
    "Share(s)"   ordinary share(s) of HK$0.01 each in the                     
    share capital of the Company                                              
                                                                              
    "Shareholder(s)"   holder(s) of the Shares                                
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong                        
    Limited                                                                   
                                                                              
    "Sunny King"   Sunny King Properties Limited, a                           
    company incorporated in Hong Kong, of which the                           
    beneficial owners are all Independent Third Parties                       
                                                                              
    "Vendor"   Sunny King                                                     
                                                                              
    By Order of the Board                                                     
    Emperor International Holdings Limited                                    
    Luk Siu Man, Semon                                                        
    Chairperson                                                               
                                                                              
    Hong Kong, 18th January 2005                                              
                                                                              
    Executive directors:                                                      
    Luk Siu Man, Semon                                                        
    Wong Chi Fai                                                              
    Fan Man Seung, Vanessa                                                    
    Yeung Lik Shing, Michael                                                  
    Mok Fung Lin, Ivy                                                         
    Chan Pak Lam, Tom                                                         
                                                                              
    Independent non-executive directors:                                      
    Law Ka Ming Michael                                                       
    Chan Man Hon, Eric                                                        
    Liu Hing Hung