09:56     EMPEROR (CHINA)<00296> - Announcement (2)                           

    Worthly Strong has taken up its entitlement of 170,565,500                
    Rights Shares provisionally allotted to it pursuant to the                
    terms of the Rights Issue. As at the date of this announcement,           
    the Directors are not aware of there being any subscribers                
    under the Rights Issue who will become substantial                        
    shareholders of the Company as a result of the Rights Issue.              
    As Worthly Strong will be holding approximately 25.83% of                 
    the enlarged issued share capital of the Company after the                
    Rights Issue, the number of shares in the capital of the                  
    Company in the hands of the public does not fall below the                
    prescribed minimum of 25%.                                                
                                                                              
    CERTIFICATES FOR RIGHTS SHARES AND REFUND CHEQUES                         
    Share certificates for the Rights Shares and the refund                   
    cheques in respect of unsuccessful application for excess                 
    Rights Shares will be despatched by ordinary post to those                
    entitled thereto at their own risk by the Company's branch                
    share registrar in Hong Kong, Secretaries Limited, on Monday,             
    24th January 2005.                                                        
                                                                              
    By Order of the Board                                                     
    Emperor Entertainment Hotel Limited                                       
    Luk Siu Man, Semon                                                        
    Chairperson                                                               
                                                                              
    As at the date hereof, the board of Emperor Entertainment                 
    Hotel Limited comprised 1. Executive Directors: Ms. Luk Siu               
    Man, Semon (Chairperson), Mr. Wong Chi Fai, Ms. Fan Man Seung,            
    Vanessa and Ms. Mok Fung Lin, Ivy 2. Independent                          
    Non-Executive Directors: Ms. Chan Sim Ling, Irene, Mr. Lam                
    San Keung and Ms. Chan Wiling, Yvonne.                                    
                                                                              
    The directors of the Company jointly and severally accept                 
    full responsibility for the accuracy of information                       
    contained in this announcement and confirm, having made all               
    reasonable inquiries, that to the best of their knowledge,                
    opinions expressed in this announcement have been arrived                 
    at after due and careful consideration and there are no other             
    facts not contained in this announcement, the omission of                 
    which would make any statement in this announcement                       
    misleading.                                                               
                                                                              
    Hong Kong, 21st January, 2005