09:51     KINGWAY BREW<00124> - Announcement & Resumption (2)                 

    Save for the above, the Board also confirms that there                    
    are no negotiations or agreements relating to                             
    intended acquisitions or realisations which are                           
    discloseable under Listing Rule 13.23, neither is the                     
    Board aware of any matter discloseable under the                          
    general obligation imposed by Listing Rule 13.09,                         
    which is or may be of a price-sensitive nature.                           
                                                                              
    Dealing in the shares of the Company on The Stock                         
    Exchange of Hong Kong Limited (the "Stock Exchange")                      
    was suspended from 9:30 am on 26 January 2005 at the                      
    request of the Company. Application has been made for                     
    the resumption of dealing in the shares of the Company                    
    on the Stock Exchange with effect from 9:30 am on 28                      
    January 2005.                                                             
                                                                              
    Made by the order of the Company, the Board of which                      
    individually and jointly accept responsibility for                        
    the accuracy of this statement.                                           
                                                                              
    On behalf of the Board                                                    
    Ye Xuquan                                                                 
    Chairman                                                                  
    Hong Kong, 27 January 2005                                                
                                                                              
    The directors of the Company jointly and severally                        
    accept full responsibility for the accuracy of                            
    information contained in this announcement and                            
    confirm, having made all reasonable inquiries, that                       
    to the best of their knowledge, the opinions expressed                    
    in this announcement have been arrived at after due                       
    and careful consideration and that there are no other                     
    facts relating to the Company not contained in this                       
    announcement, the omission of which would make any                        
    statement in this announcement misleading.                                
                                                                              
    As at the date of this announcement, the executive                        
    directors are Ye Xuquan, Jiang Guoqiang and Fung Sing                     
    Hong, Stephen; the non-executive directors are Koh                        
    Poh Tiong, Han Cheng Fong, Herman Petrus Paulus Maria                     
    Hofhuis, Zhao Leili, Luo Fanyu, Ho Lam Lai Ping,                          
    Theresa and Michael Wu; and the independent                               
    non-executive directors are Alan Howard Smith, V-nee                      
    Yeh and Rafael Gil-Tienda.