09:33     DAIDO GROUP<00544> - Announcement (3)                               

    regarding the leasing of Property II (the "Leasing                        
    Arrangement II"), particulars of which are set out                        
    in a lease to be entered into between Ultimate Profits                    
    and Diamond Sparkling (the "Lease II") and a sub-lease                    
    to be entered into between Diamond Sparkling and the                      
    Tenant (the "Sub-lease II"), be and are hereby                            
    approved and confirmed by way of poll and that any                        
    director of the Company from time to time be and is                       
    hereby authorised to do all acts, take all steps and                      
    execute all documents necessary or expedient in                           
    his/her absolute discretion to implement and/or give                      
    effect the Leasing Arrangement II, the Lease II and                       
    the Sub-lease II and transactions contemplated                            
    therein."                                                                 
                                                                              
    By Order of the Board                                                     
    Daido Group Limited                                                       
    To Shu Fai                                                                
    Chairman                                                                  
    20 January 2005                                                           
                                                                              
    Head office and principle place of business:                              
    24th Floor                                                                
    China Merchants Tower                                                     
    Shun Tak Centre                                                           
    168-200 Connaught Road Central                                            
    Hong Kong                                                                 
                                                                              
    Notes:                                                                    
                                                                              
    1.      Any member entitled to attend and vote at the                     
    special general meting convened by the above notice                       
    is entitled to appoint another person as his/her proxy                    
    to attend and, on a poll, to vote instead of him/her.                     
    A proxy need not be a member of the Company.                              
                                                                              
    2.      A form of proxy for use at the meeting is enclosed                
    herewith. Completion and return of the form of proxy                      
    will not preclude a member from attending the meeting                     
    or any adjournment thereof and voting in person if                        
    he/she so wishes.                                                         
                                                                              
    3.      To be valid, the form of proxy, together with the                 
    power of attorney or other authority (if any) under                       
    which it is signed or a notarially certified copy                         
    thereof, must be deposited at the Company's branch                        
    share registrar and transfer office in Hong Kong,                         
    Union Registrars Limited, at 311-312 Two Exchange                         
    Square, Central, Hong Kong not less than 48 hours                         
    before the time appointed for holding the meeting or                      
    any adjournment thereof.                                                  
                                                                              
    4.      In case of joint holders of any share, any one of                 
    such holders may vote at the meeting, either in person                    
    or by proxy, in respect of such shares as if he/she                       
    were solely entitled thereto; but if more than one                        
    of such joint holders be present at the meeting                           
    personally or by proxy, that one of such holders so                       
    present whose name stands first on the register of                        
    members in respect of such shares shall alone be                          
    entitled to vote in respect thereof.