09:55     KWONG SANG HONG<00189> - Announcement (2)                           

    Scheme Shareholders should ensure that their KSH Shares are               
    lodged for registration in their names or in the names of                 
    their nominees with the Hong Kong branch share registrar                  
    of KSH, Computershare Hong Kong Investor Services Limited,                
    at Shops 1712-1716, 17th Floor, Hopewell Centre, 183                      
    Queen's Road East, Wanchai, Hong Kong not later than 4:00                 
    p.m. on Tuesday, 1st February, 2005 in order to qualify for               
    their entitlements under the Scheme.                                      
                                                                              
    The Record Time for establishing entitlements under the                   
    Scheme will be 4:30 p.m. on Tuesday, 1st February, 2005.                  
    Cheques for cash entitlements to the Cancellation Price are               
    expected to be despatched to the Scheme Shareholders and/or               
    their respective successors on or before Saturday, 12th                   
    February, 2005.                                                           
                                                                              
    APPLICATION FOR WITHDRAWAL OF LISTING                                     
                                                                              
    An application for the withdrawal of the listing of the KSH               
    Shares has been made to the Stock Exchange.  Subject to the               
    approval of the Stock Exchange, it is expected that the                   
    listing of the KSH Shares on the Stock Exchange will be                   
    withdrawn with effect from 9:30 a.m. on Thursday, 3rd                     
    February, 2005.                                                           
                                                                              
    By Order of the board of                                                  
    Power Jade Limited                                                        
    Thomas Lau, Luen-hung                                                     
    Director                                                                  
                                                                              
    By Order of the board of                                                  
    The Kwong Sang Hong International Limited                                 
    Thomas Lau, Luen-hung                                                     
    Chairman                                                                  
                                                                              
    22nd January, 2005                                                        
                                                                              
    As at the date of this announcement, the KSH Board comprises              
    Mr. Thomas Lau, Luen-hung, Mr. Joseph Lau, Luen-hung, Mr.                 
    Simon Lo, Lin-shing and Mr. Wilson Cheng, Kam-biu as                      
    executive directors; Mr. Gerald To, Hin-tsun and Ms.                      
    Loretta Lau, Suk-han as non-executive directors; and Mr.                  
    Alan Lam, Man-bun, Ms. Phillis Loh, Lai-ping, Mr. Matthew                 
    Hui, Chuen-fan and Mr. William Tsui, Hing-chuen as                        
    independent non-executive directors.                                      
                                                                              
    The KSH Directors jointly and severally accept full                       
    responsibility for the accuracy of the information                        
    contained in this announcement (other than those relating                 
    to Power Jade) and confirm, having made all reasonable                    
    enquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement (other than those relating                 
    to Power Jade) have been arrived at after due and careful                 
    consideration and there are no other facts not contained                  
    in this announcement (other than those relating to Power                  
    Jade), the omission of which would make any statements in                 
    this announcement (other than those relating to Power Jade)               
    misleading.                                                               
                                                                              
    The directors of Power Jade jointly and severally accept                  
    full responsibility for the accuracy of the information                   
    contained in this announcement (other than those relating                 
    to the KSH Group) and confirm, having made all reasonable                 
    enquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement (other than those relating                 
    to the KSH Group) have been arrived at after due and careful              
    consideration and there are no other facts not contained                  
    in this announcement (other than those relating to the KSH                
    Group), the omission of which would make any statements in                
    this announcement (other than those relating to the KSH                   
    Group) misleading.                                                        
                                                                              
    Websites: http://www.kwongsanghong.com.hk                                 
    http://www.iprasia.com/listco/ksh