08:47     APTUS HOLDINGS<08212> - Announcement                                

                                                                              
    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness, and expressly disclaims any liability           
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    Aptus Holdings Limited                                                    
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 8212)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    REPORT ON INTERNAL CONTROL SYSTEM OF THE GROUP                            
                                                                              
    Further to the Company's announcement dated 26th August 2004, the Board   
    announces that Grant Thornton has completed its Review on the Group, the  
    particulars of which are set out in the sub-section headed "Scope of the  
    Review" under the section headed "Introduction" below. The Report was     
    issued on 30th September 2004, a summary of which is set out in the       
    section headed "Summary of findings and recommendations" below for        
    information of the Shareholders and investors of the Group.               
                                                                              
    The Board has considered and accepted the findings of Grant Thornton.     
    The Group has adopted the recommendations in the Report and revised the   
    Manual accordingly.                                                       
                                                                              
    By Order of the Board                                                     
    Aptus Holdings Limited                                                    
    Chan Ting                                                                 
    Executive Director                                                        
                                                                              
    Hong Kong, 24th January 2005                                              
                                                                              
    As at the date of this announcement, the board of directors of the        
    Company comprises three executive directors, being Madam Cheung Kwai      
    Lan, Mr. Chan Ting and Mr. Fung King Him, Daniel and three independent    
    non-executive directors, being Mr. Tian He Nian, Mr. Zhao Zhi Ming and    
    Mr. Tsui Wing Tak.                                                        
                                                                              
    This announcement, for which the directors of the Company collectively    
    and individually accept full responsibility, includes particulars given   
    in compliance with the Rules Governing the Listing of Securities on the   
    Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for   
    the purpose of giving information with regard to the Company. The         
    directors, having made all reasonable enquiries, confirm that, to the     
    best of their knowledge and belief, (i) the information contained in      
    this announcement is accurate and complete in all material respects and   
    not misleading; (ii) there are no other matters the omission of which     
    would make any statement in this announcement misleading; and (iii) all   
    opinions expressed in this announcement have been arrived at after due    
    and careful consideration and are founded on bases and assumptions that   
    are fair and reasonable.                                                  
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcements" page on  
    the GEM website of http://www.hkgem.com.