09:48     QUALITY HEALTH<00593> - Announcement & Resumption (10)              

    options of the Company and/or the Warrants will be exercised              
                                                                              
    "Board" the board of Directors of the Company                             
                                                                              
    "Company"       Quality HealthCare Asia Limited, a company                
    incorporated in Bermuda with limited liability and registered             
    in Hong Kong under Part XI of the Companies Ordinance (Chapter            
    32 of the Laws of Hong Kong), the securities of which are listed          
    on the Stock Exchange                                                     
                                                                              
    "Conditions"    the conditions set out under the heading                  
    "Conditions of the Offer" above to which the Offer is subject             
                                                                              
    "Director(s)"   the director(s) of the Company                            
                                                                              
    "Excess Tenders"        Shares stated in acceptance of the Offer by       
    the relevant Qualifying Shareholder in excess of his Assured              
    Entitlement                                                               
                                                                              
    "Excluded Shareholders" any Overseas Shareholders whose                   
    address, as shown on the Register at the close of the Offer,              
    which is currently expected to be 4:00 p.m. on Thursday, 24th             
    March 2005, is located in a jurisdiction the laws of which                
    prohibit the making of the Offer to such Shareholders or                  
    otherwise require the Company to comply with additional                   
    requirements which are (in the opinion of the Directors, but              
    subject to the prior consent of the Executive) unduly onerous             
    or burdensome, having regard to the number of Shareholders                
    involved in that jurisdiction and their shareholdings in the              
    Company                                                                   
                                                                              
    "Executive"     the Executive Director of the Corporate Finance           
    Division of the Securities and Futures Commission or any of his           
    delegates                                                                 
                                                                              
    "Form of Acceptance"    the form of acceptance to be issued with          
    the Offer Document to Qualifying Shareholders for use by such             
    persons in connection with the Offer                                      
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "HK$" and "cents"       Hong Kong dollar(s) and Hong Kong cent(s)         
    respectively, the lawful currency of Hong Kong                            
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    People's Republic of China                                                
                                                                              
    "Independent Board      an independent committee of the Board formed      
    for the purpose of advising the Independent                               
      Committee"    Shareholders in connection with the Offer                 
                                                                              
    "Independent    Shareholders who are not involved or interested           
    in the Whitewash Waiver, being                                            
      Shareholders" Shareholders other than Wah Cheong and parties            
    acting in concert with it (and any other persons who may be               
    required to abstain from voting in accordance with the Takeovers          
    Code and the Repurchase Code)                                             
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange                                                     
                                                                              
    "Maximum Number"        the maximum number of Shares to be                
    repurchased pursuant to the Offer, being an aggregate of                  
    21,667,288 Shares (representing approximately 10% of all the              
    issued Shares as at the date of this announcement)                        
                                                                              
    "Offer" the offer by SHKIL on behalf of the Company to                    
    repurchase Shares at the Offer Price from all Qualifying                  
    Shareholders, up to the Maximum Number                                    
                                                                              
    "Offer Document"        a circular to the Shareholders (comprising        
    the offer document, the notice of the SGM, the proxy form for             
    the SGM and the Form of Acceptance)