09:55     FORTUNA INT'L<00530> - Announcement (1)                             

    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 however arising from or in                        
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    RESULTS OF THE SPECIAL GENERAL MEETING                                    
    AND                                                                       
    CHANGE OF AUDITORS                                                        
                                                                              
    The Board is pleased to announce that the ordinary                        
    resolutions to approve the refreshment of the Issue                       
    Mandate were duly passed by the Independent                               
    Shareholders by way of poll at the SGM. The Board is                      
    also pleased to announce that the ordinary resolution                     
    in relation to the refreshment of the Repurchase                          
    Mandate was duly passed by the Shareholders by show                       
    of hands at the SGM.                                                      
                                                                              
    The Board also announces that Messrs. Ernst & Young                       
    have resigned as auditors of the Company and its                          
    subsidiaries with effect from 31st December 2004 and                      
    Messrs. Moore Stephens were appointed as auditors of                      
    the Company to fill the casual vacancy following the                      
    resignation of Messrs. Ernst & Young and to hold office                   
    until the conclusion of the next annual general                           
    meeting of the Company.                                                   
                                                                              
    Reference is made to the circular to the Shareholders                     
    dated 10th January 2005 ("Circular") in relation to                       
    the refreshment of the General Mandates. Terms used                       
    herein shall have the same meanings as defined in the                     
    Circular unless the context otherwise requires.                           
                                                                              
    Pursuant to the Rule 13.36(4) of the Listing Rules,                       
    the refreshment of the Issue Mandate is subject to                        
    Independent Shareholders' approval at the SGM. The                        
    Board is pleased to announce that the resolutions                         
    relating to the refreshment of the Issue Mandate were                     
    duly passed by the Independent Shareholders voting in                     
    person or by proxy by way of poll at the SGM on 26th                      
    January 2005. Secretaries Limited, the share                              
    registrar of the Company in Hong Kong, acted as the                       
    scrutineer for the purpose of the vote-taking at the                      
    SGM. The poll results of the ordinary resolutions                         
    relating to the Issue Mandate are as follows:                             
                                                                              
    Ordinary resolutions   No. of votes (%)   For                             
    Against                                                                   
                                                                              
    To grant the Directors a general mandate to allot                         
    shares in the share capital of the Company.                               
    1,973,809,398   (100%)   Nil                                              
                                                                              
    To extent the general mandate granted to the Directors                    
    to allot additional shares in the Company by the amount                   
    of shares repurchased.   1,973,809,398   (100%)   Nil                     
                                                                              
    As at the date of the SGM, the total number of Shares                     
    entitling the Shareholders to attend and vote for or                      
    against the resolutions is 13,101,818,226 Shares and                      
    the total number of Shares entitling the Shareholders                     
    to attend and vote only against the resolutions is                        
    50,000,000 Shares. Mr. Dennis Yu, a Director,                             
    abstained from voting for the above resolutions at the                    
    SGM.                                                                      
                                                                              
    As more than 50% votes were cast in favour of the                         
    resolutions, the resolutions were duly passed as the                      
    ordinary resolutions of the Company.                                      
                                                                              
    The Board is also pleased to announce that the ordinary                   
    resolution to approve the grant to the Directors a                        
    general mandate to repurchase shares of the Company                       
    was duly passed by the Shareholders by show of hands                      
    at the SGM.