09:49     LUK FOOK HOLD<00590> - Announcement (3)                             

    business of the Group, and fair and reasonable so far                     
    as the independent shareholders of the Company are                        
    concerned. It is in the interest of the Group to enter                    
    into the transaction.                                                     
                                                                              
    GENERAL                                                                   
    The principal activity of the Company is investment                       
    holding. Its subsidiaries are principally engaged in                      
    the retailing and wholesaling of gold jewellery and                       
    gold ornaments, gem-set jewellery and gemstones, and                      
    other accessory items.                                                    
                                                                              
    The entering into of the Tenancy Agreement                                
    constitutes a connected transaction for the Company                       
    together with its subsidiaries (the "Group"). This                        
    announcement is made by the Company in compliance with                    
    the normal disclosure requirements of Rule 14A.34 of                      
    the Listing Rules. The transaction is of de minimis                       
    nature under the Listing Rules. The Company will also                     
    include the details of this transaction in its next                       
    published annual report and accounts.                                     
                                                                              
    As at the date of this announcement, the Company's                        
    executive directors are Mr. WONG Wai Sheung, Mr. TSE                      
    Moon Chuen, Mr. LAW Tim Fuk, Paul, Mr. POON Kam Chi                       
    and Mr. LAU Kwok Sum; the non-executive directors are                     
    Mr. WONG Koon Cheung, CHAN Wai, LEE Shu Kuan, Ms. YUENG                   
    Po Ling, Pauline and Mr. HUI King Wai; the independent                    
    non-executive directors are Mr. HUI Chiu Chung, Mr.                       
    CHIU Wai Mo, and Mr. LO Mun Lam, Raymond.                                 
                                                                              
    By Order of the Board                                                     
    Luk Fook Holdings (International) Limited                                 
    Wong Wai Sheung                                                           
    Chairman                                                                  
                                                                              
    Hong Kong, 20th January 2005