09:34     GUO XIN GROUP<01215> - 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.                                                             
                                                                              
    GUO XIN GROUP LIMITED                                                     
    *                                                                         
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 1215)                                                        
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    The Company has made an application to the Stock Exchange for             
    a further extension of time for despatch of the Circular to on            
    or before 4th February, 2005.                                             
                                                                              
    Reference is made to the announcement of the Company dated 20th           
    December, 2004 (the "Announcement") and the announcement of the           
    Company dated 7th January, 2005 in relation to, among other               
    things, a very substantial acquisition of the Company involving           
    the issue of convertible note and continuing connected                    
    transactions. Capitalised terms used in this announcement shall           
    have the same meanings as defined in the Announcement unless              
    the context herein requires otherwise.                                    
                                                                              
    Pursuant to Rule 14.38 and Rule 14A.49 of the Listing Rules,              
    the Company is required to despatch a circular (the "Circular")           
    to the Shareholders within 21 days after publication of the               
    Announcement, which should be on or before 10th January, 2005.            
    The Company applied to and was granted by the Stock Exchange              
    an extension of time for despatch of the Circular to on or before         
    25th January, 2005. As additional time is needed for finalising           
    certain financial information for inclusion in the Circular,              
    the Company has applied to the Stock Exchange under Rule 14.38            
    and Rule 14A.49 of the Listing Rules for a further extension              
    of time for despatch of the Circular to on or before 4th February,        
    2005.                                                                     
                                                                              
    By order of the Board                                                     
    Guo Xin Group Limited                                                     
    Lam Cheung Shing, Richard                                                 
    Director                                                                  
                                                                              
    Hong Kong, 24th January, 2005                                             
                                                                              
    As at the date of this announcement, the Board comprises Mr.              
    Zhang Yang (Chairman) and Mr. Lam Cheung Shing, Richard as the            
    executive Directors, and Mr. Tam Sun Wing, Mr. Ko Ming Tung,              
    Edward and Mr. Ng Ge Bun are the independent non-executive                
    Directors.                                                                
                                                                              
    *   for identification purposes only