09:17 <00201>,<00219>,<00253> - Joint 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. MAGNIFICENT ESTATES LIMITED (incorporated in Hong Kong with limited liability) (Stock Code: 201) MAJOR TRANSACTION SHUN HO TECHNOLOGY HOLDINGS LIMITED (incorporated in Hong Kong with limited liability) (Stock Code: 219) MAJOR TRANSACTION SHUN HO RESOURCES HOLDINGS LIMITED (incorporated in Hong Kong with limited liability) (Stock Code: 253) VERY SUBSTANTIAL ACQUISITION ACQUISITION OF SALE ASSETS DELAY IN DESPATCH OF CIRCULARS Reference is made to the joint announcement dated 11 January 2005 (the "Joint Announcement") of the Companies in relation to the Acquisition. The Companies have applied to the Stock Exchange for a waiver from strict compliance with Rule 14.40 of the Listing Rules (for Magnificent Estates and Shun Ho Technology) and Rule 14.48 of the Listing Rules (for Shun Ho Resources) in relation to Rule 14.38 of the Listing Rules to extend the time of despatch of the Circulars from 2 February 2005 to be on or before 7 February 2005. Reference is made to the joint announcement dated 11 January 2005 (the "Joint Announcement") of the Companies in relation to the Acquisition. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those used in the Joint Announcement. Pursuant to Rule 14.38 of the Listing Rules, the Companies are each required to issue a circular in relation to the Acquisition (the "Circulars") to their respective shareholders within 21 days after publication of the Joint Announcement, which is on or before 2 February 2005. As additional time is needed to arrange the compilation of the relevant accountants' reports and pro forma financial information for inclusion in the Circulars, accordingly the Companies have applied to the Stock Exchange for a waiver from strict compliance with Rules 14.40 (for Magnificent Estates and Shun Ho Technology) and 14.48 (for Shun Ho Resources) of the Listing Rules in relation to Rule 14.38 of the Listing Rules to extend the time of despatch of the Circulars from 2 February 2005 to be on or before 7 February 2005. By order of the Board Magnificent Estates Limited Peter LEE Yip Wah Secretary By order of the Board Shun Ho Technology Holdings Limited Peter LEE Yip Wah Secretary By order of the Board Shun Ho Resources Holdings Limited Peter LEE Yip Wah Secretary Hong Kong, 2 February 2005 As at the date hereof, the Boards comprise of 3 executive Directors, namely Mr. William CHENG Kai Man, Mr. Albert HUI Wing Ho and Mr. FUNG Chi Keung, 2 non-executive Directors, namely Mr. David CHENG Kai Ho and Madam Mabel LUI FUNG Mei Yee, and 3 independent non-executive Directors, namely Mr. Vincent KWOK Chi Sun, Mr. CHAN Kim Fai, and Mr. HUI Kin Hing.