10:03     K. WAH INT'L<00173> & K. WAH CONS<00027>-JA & Resumption (3)        

    The Directors of KWCM have noted the recent increases in the price        
    and trading volume of the shares of KWCM and wish to state that they      
    are not aware of any other possible reasons for such increases.           
                                                                              
    Save for the activities mentioned above and previously disclosed          
    in the Announcements, the KWCM Board confirms that there are              
    presently no negotiations or agreements relating to intended              
    acquisitions or realisations relating to KWCM which are                   
    discloseable under Rule 13.23 of the Listing Rules, neither is the        
    KWCM Board aware of any matter discloseable under the general             
    obligation imposed on KWCM by Rule 13.09 of the Listing Rules, which      
    is or may be of a price sensitive nature. The directors of KWCM           
    individually and jointly accept responsibility for the accuracy of        
    this announcement.                                                        
                                                                              
    Trading in the shares of KWIH and KWCM on the Stock Exchange was          
    suspended at the request of KWIH and KWCM with effect from 10:51          
    a.m. on 21st January 2005 pending the release of this announcement.       
    KWIH and KWCM have applied for a resumption of trading in their           
    shares with effect from 9:30 a.m. on 3rd February 2005. Further           
    announcements will be made if and when appropriate.                       
                                                                              
    As at the date of this announcement, the executive directors of KWIH      
    are Dr. Lui Che Woo, Mr. Francis Lui Yiu Tung, Mr. Lennon Lun Tsan        
    Kau, Mr. Eddie Hui Ki On, Mr. William Lo Chi Chung and Mrs. Paddy         
    Tang Lui Wai Yu; the non-executive director of KWIH is Mr. Michael        
    Leung Man Kin and the independent non-executive directors of KWIH         
    are Sir David Akers-Jones, Dr. Philip Wong Kin Hang, Dr. Leo Lee          
    Tung Hai, Dr. Robin Chan Yau Hing, Dr. Charles Cheung Wai Bun and         
    Mr. Robert George Nield.                                                  
                                                                              
    As at the date of this announcement, the executive directors of KWCM      
    are Dr. Lui Che Woo, Mr. Francis Lui Yiu Tung, Mr. Chan Kai Nang,         
    Mr. William Lo Chi Chung, Ms. Paddy Tang Lui Wai Yu and Mr. Joseph        
    Chee Ying Keung; the non-executive director of KWCM is Mr. Moses          
    Cheng Mo Chi and the independent non-executive directors of KWCM          
    are Dr. Charles Cheung Wai Bun, Mr. James Ross Ancell and Dr. William     
    Yip Shue Lam.                                                             
                                                                              
    By Order of the Board of                                                  
    K. Wah International Holdings Limited                                     
    Steven Tong Kui Nam                                                       
    Company Secretary                                                         
                                                                              
    By Order of the Board of                                                  
    K. Wah Construction Materials Limited                                     
    Steven Tong Kui Nam                                                       
    Company Secretary                                                         
                                                                              
    Hong Kong, 2nd February 2005