10:26     PACIFIC ANDES<01174> - Announcement & Resumption (12)               

    vegetables.                                                               
                                                                              
    Trading in the shares of the Company was suspended                        
    at the request of the Company with effect from the                        
    morning on 14 January 2005 pending the issue of this                      
    announcement. An application has been made by the                         
    Company to the Stock Exchange for the resumption of                       
    trading in the shares of the Company with effect from                     
    9:30 a.m. on 20 January 2005.                                             
                                                                              
    Press Articles                                                            
    The Company admits that information in relation to                        
    the Agreements has been disseminated to the press                         
    prior to the issue of this announcement.                                  
                                                                              
    DEFINITIONS                                                               
    In this announcement, the following terms have the                        
    following meanings:                                                       
                                                                              
    "PAIH (BVI)"    Pacific Andes International Holdings                      
    (BVI) Limited, a company incorporated in the British                      
    Virgin Islands and a wholly-owned subsidiary of the                       
    Company                                                                   
                                                                              
    "Agreements"    the Subscription Agreement and the                        
    Shareholders' Agreement                                                   
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Company"       Pacific Andes International Holdings                      
    Limited                                                                   
                                                                              
    "Completion Date"       the 7th day from the date PAIH                    
    (BVI)'s written notice to Kyoshoku and KILLP                              
    confirming that all conditions precedent as set out                       
    in the Subscription Agreement have been fulfilled to                      
    its satisfaction or have been waived by it in writing                     
                                                                              
    "Completion"    completion of the Subscription                            
    Agreement                                                                 
                                                                              
    "Completion Audit"      the audit of the books of account                 
    and financial records of Kyoshoku for the Completion                      
                                                                              
    "connected person(s)"   as defined under the Listing                      
    Rules                                                                     
                                                                              
    "Directors"     directors of the Company                                  
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    "Independent Financial  the independent financial                         
    adviser to be appointed by the Company to                                 
      Adviser"      provide advice on the terms of the                        
    Transactions to the Independent Board Committee                           
                                                                              
    "Independent Board      the independent board committee,                  
    comprising Mr. Kwok Lam Kwong,                                            
      Committee"    Larry, Mr. Lew V. Robert and Mr. Yeh                      
    Man Chun, Kent, appointed by the Board to advise the                      
    Independent Shareholders as to the fairness and                           
    reasonableness of the Transactions                                        
                                                                              
    "Independent    Shareholders who are not required to                      
    abstain from voting if the                                                
      Shareholders" Company were to convene a general                         
    meeting to seek Shareholders' approval of the                             
    Transactions                                                              
                                                                              
    "KILLP" Kyoshoku Investment Limited Liability