10:03     EMPEROR IHL<00163> & <02954> - Announcement (1)                     

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    EMPEROR INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code : 163)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF PROPERTY                                                   
                                                                              
    On 17th January 2005, Keenworld, a wholly owned                           
    subsidiary of the Company, entered into the Agreement                     
    with the Vendor to acquire the Property at a                              
    consideration of HK$87,000,000.                                           
                                                                              
    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.                                         
                                                                              
    THE AGREEMENT DATED 17TH JANUARY 2005                                     
    Parties                                                                   
    Vendor:   Sunny King, an Independent Third Party and                      
    is principally engaged in property investments. To                        
    the best of the Directors' knowledge, information and                     
    belief having made all reasonable enquiry, the Vendor                     
    and its ultimate beneficial owner are Independent                         
    Third Parties                                                             
                                                                              
    Purchaser:   Keenworld, a wholly-owned subsidiary of                      
    the Company                                                               
                                                                              
    Information of the Property                                               
    The Property is located at Shop D, Ground Floor, Cheong                   
    Kee House, No. 4 Sai Yeung Choi Street South and Nos.                     
    21, 21A & 21B, Soy Street, Kowloon, Hong Kong, with                       
    a total gross area of approximately 1,000 square feet,                    
    and is currently subject to a tenancy with a monthly                      
    rental of HK$250,000, expiring in February 2006. The                      
    Property is currently used by the tenant as a retail                      
    shop. The tenant is an Independent Third Party.                           
                                                                              
    Consideration and payment terms                                           
    The consideration for the Acquisition of                                  
    HK$87,000,000 has been determined after arm's length                      
    negotiations between the parties by reference to the                      
    prevailing market value of the last two months of                         
    similar properties in the commercial market in Mongkok.                   
    The consideration will be financed by a combination                       
    of internal resources of the Group and bank financing.                    
                                                                              
    The consideration for the Acquisition shall be payable                    
    to the Vendor in cash in the following manner:-                           
                                                                              
    (a)    an initial deposit in the sum of HK$17,400,000                     
    has been paid by the Purchaser upon signing of the                        
    Agreement; and                                                            
                                                                              
    (b)    the remaining balance of HK$69,600,000 shall                       
    be paid by the Purchaser upon completion on 23rd March                    
    2005.                                                                     
                                                                              
    Completion                                                                
    Completion of the sale and purchase of the Property                       
    shall take place on 23rd March 2005.                                      
                                                                              
    REASON FOR THE ACQUISITION                                                
    The Company is an investment holding company and its                      
    subsidiaries are principally engaged in property                          
    investment and development, securities brokerage and                      
    financial services, furniture retail and hotel                            
    operation, publishing and printing.                                       
                                                                              
    The acquisition of the Property allows the Group to                       
    enlarge its investment property portfolio with high                       
    quality assets in prime areas. The current annual                         
    rental income for the Property is HK$3,000,000. The                       
    Directors believe the rental income will increase upon                    
    expiry of the existing tenancy. The Directors consider                    
    that the acquisition of the Property is in the interest                   
    of the Company and the terms of the Agreement are fair                    
    and reasonable as far as the Shareholders are                             
    concerned.