09:19     PEARL ORIENTAL<00600> - 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.                   
                                                                              
    PEARL ORIENTAL ENTERPRISES LIMITED                                        
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 600)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
    REGARDING TO                                                              
    PLACING OF 200,000,000 EXISTING SHARES                                    
                                                                              
    AND                                                                       
                                                                              
    CONNECTED TRANSACTION                                                     
    IN RELATION TO                                                            
    PROPOSED SUBSCRIPTION OF 200,000,000 NEW SHARES                           
                                                                              
    AND                                                                       
                                                                              
    PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL                             
    FROM HK$90,000,000 TO HK$250,000,000                                      
                                                                              
    The Company has made an application to the Stock Exchange for an          
    extension of time for despatch of the Circular to the Shareholders on     
    or before 17 February 2005.                                               
                                                                              
    Reference is made to the announcements made by the Company dated 11 and   
    28 January 2005 in relation to the captioned connected transaction (the   
    "Connected Transaction") and the delay in despatch of circular            
    regarding a very substantial acquisition involving issue of               
    consideration shares (the "VSA") respectively. Terms defined in the       
    announcement regarding the Connected Transaction shall have the same      
    meanings when used herein unless the context requires otherwise.          
                                                                              
    Pursuant to Rule 14A.49 of the Listing Rules, the Company is required     
    to despatch a circular (the "Circular") within 21 days after              
    publication of the announcement regarding the Connected Transaction,      
    which should be on or before 1 February 2005. Given that the funds (if    
    successfully raised) from the Connected Transaction will finance part     
    of the cash consideration payable for the VSA, details of the VSA         
    (where references to such details will have to be made to the Circular)   
    will enable the Shareholders to better consider the reasons for and       
    benefits of the Subscription. However, as there is a delay in despatch    
    of the circular containing further details of the VSA (apart from those   
    already disclosed in the announcement of the Company dated 6 January      
    2005), an application has been made by the Company to the Stock           
    Exchange for an extension of the time to despatch the Circular. The       
    Circular is expected to be despatched to the Shareholders on or before    
    17 February 2005.                                                         
                                                                              
    By order of the Board                                                     
    Peral Oriental Enterprises Limited                                        
    Wong Kwan                                                                 
    Chairman                                                                  
                                                                              
    Hong Kong, 1 February 2005                                                
                                                                              
    As at the date of this announcement, the Board comprises of Mr.Wong Yuk   
    Kwan (alias Wong Kwan), Mr. Law Kar Po, Mr. Lee Sam Yuen, John, Ms Law    
    Wing Yee, Wendy, and Ms Lee Siu Yuk, Eliza as executive Directors, Dr.    
    Wong Alfonso as non-executive Director; and Mr. Chan Nim Leung, Leon,     
    Mr. Ha Kee Choy, Eugene and Mr. Ng Kai Man, Luke as independent           
    non-executive Directors.