09:29     GOLIK HOLDINGS<01118> - 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 howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
                                                                              
    GOLIK HOLDINGS LIMITED                                                    
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 1118)                                                        
                                                                              
    DISCLOSEABLE TRANSACTIONS                                                 
    DISPOSAL OF PROPERTIES                                                    
                                                                              
    The Board are pleased to announce that various                            
    subsidiaries of the Company have entered into various                     
    agreements in relation to the Disposals on 28 January                     
    2005 as follows:                                                          
                                                                              
    (i)     Vendor A (a wholly owned subsidiary of the                        
    Company) entered into the Provisional Agreement A                         
    with Purchaser A pursuant to which Vendor A agreed                        
    to sell, and Purchaser A agreed to purchase, the                          
    Property Interest A located in the remaining portion                      
    of Lot. No. 187 in D.D. 77 Ping Che Road, Ping Yeung                      
    New Village, Fanling, New Territories, Hong Kong at                       
    a consideration of HK$8,200,000;                                          
                                                                              
    (ii)    Vendor B (a wholly owned subsidiary of the                        
    Company) entered into the Provisional Agreement B                         
    with Purchaser B pursuant to which Vendor B agreed                        
    to sell, and Purchaser B agreed to purchase, the                          
    Property Interest B located in Rooms 4-6, 1/F.,                           
    Fashion Centre, Nos. 51-53 Wing Hong Street, Cheung                       
    Sha Wan, Kowloon, Hong Kong at a consideration of                         
    HK$9,067,090; and                                                         
                                                                              
    (iii)   Vendor C (80% equity interest are indirectly                      
    owned by the Company) entered into the Agreement C                        
    with Purchaser C pursuant to which Vendor C agreed                        
    to sell, and Purchaser C agreed to purchase, the                          
    Property Interest C located in Section A of Lot. No.                      
    981 in D.D. 77, Ping Che, Fanling, New Territories,                       
    Hong Kong at a consideration of HK$7,800,000.                             
                                                                              
    Each individual Disposals constitutes a discloseable                      
    transaction for the Company under Chapter 14 of the                       
    Listing Rules. A circular containing, amongst others,                     
    further details of the Disposals will be dispatched                       
    to the Shareholders as soon as practicable.                               
                                                                              
    THE AGREEMENTS                                                            
                                                                              
    (i)     Property Interest A                                               
    Date:   28 January 2005                                                   
                                                                              
    Parties:                                                                  
    (a)     Vendor A:       Jade Ocean Limited, a wholly owned                
    subsidiary of the Company                                                 
                                                                              
    (b)     Purchaser A:    Mass Sino Development Limited                     
                                                                              
    A formal sale and purchase agreement is expected to                       
    be entered between the parties on or before 28                            
    February 2005. The major terms and conditions of the                      
    formal sale and purchase agreement will be the same                       
    as the Provisional Agreement A.                                           
                                                                              
    Interest to be disposed                                                   
                                                                              
    On 28 January 2005, Vendor A, a wholly-owned                              
    subsidiary of the Company, entered into Provisional                       
    Agreement A with Purchaser A pursuant to which Vendor                     
    A agreed to sell, and Purchaser A agreed to