09:48     QUALITY HEALTH<00593> - Announcement & Resumption (9)               

    of 6 months immediately preceding the date of this announcement.          
                                                                              
    No repurchase of securities of the Company has been made by the           
    Company during the period of 12 months immediately preceding              
    the date of this announcement.                                            
                                                                              
    As at the date of this announcement, the total number of                  
    outstanding Warrants are 43,324,376 valued in aggregate                   
    HK$108,310,940 carrying the rights to subscribe up to 43,324,376          
    Shares at the subscription price of HK$2.50 (subject to                   
    adjustment) per Share during the period up to and including 13th          
    January 2007, 28.49% of which is held by Wah Cheong. As at the            
    same date, there are outstanding share options granted under              
    the Company's share option scheme entitling the holders to                
    subscribe for 1,627,500 Shares at the exercise price of HK$1.50           
    during the period from 16th October 2003 to 15th October 2007.            
    Saved as disclosed, there are no outstanding share options,               
    warrants or other securities derivatives convertible into Shares.         
    The Directors would like to remind holders of the Warrants that           
    under the terms and conditions of the instrument constituting             
    the Warrants dated 30 December 2003, the subscription price of            
    the Warrants may need to be adjusted as a result of the Offer             
    subject to the decision of the Board in consultation with SHKIL           
    or the auditors of the Company, depending on the number of                
    acceptances and Shares repurchased under the Offer. If such an            
    adjustment is to be made, details of which will be announced              
    at a later date in due course.                                            
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
                                                                              
    The Shares and Warrants were suspended from trading on the Stock          
    Exchange at 10:12 a.m. on 17th January 2005 pending the release           
    of this announcement. Application has been made to the Stock              
    Exchange for the resumption of trading of such securities from            
    9:30 a.m. on 25th January 2005.                                           
                                                                              
    APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER                              
                                                                              
    The Directors also announce that the Company has on 18th January          
    2005 appointed with effect therefrom AMS Corporate Finance                
    Limited, a corporation licensed under the Securities and Futures          
    Ordinance (Chapter 571 of the Laws of Hong Kong) for the provision        
    of securities advisory, corporate finance advisory and asset              
    management services, as the independent financial adviser to              
    advise the Independent Board Committee as to whether or not the           
    Offer on its terms is fair and reasonable insofar as the                  
    Independent Shareholders are concerned, including but not                 
    limited to, formulating a recommendation as to the manner in              
    which the Independent Shareholders should regard the Offer and            
    the Whitewash Waiver and what action, if any, should be taken             
    by them in relation thereto.                                              
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, the following expressions have the                  
    meanings set out below unless the context otherwise requires:             
    -                                                                         
                                                                              
    "Accepting Shareholders"        Qualifying Shareholders accepting the     
    Offer                                                                     
                                                                              
    "Assured Entitlement"   the minimum number of Shares which will           
    be repurchased pursuant to the Offer from each Qualifying                 
    Shareholder, taking into account the number of Shares which Wah           
    Cheong has undertaken not to accept under the Offer, being                
    approximately 14.23% (rounded down to the nearest whole number            
    of Shares) of the Shares held by the relevant Qualifying                  
    Shareholder as shown on the Register at the close of the Offer            
    assuming that no share