09:17     GR INV INT'L<00310> - 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.                   
                                                                              
    GR INVESTMENT INTERNATIONAL LIMITED                                       
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 310)                                                         
                                                                              
    PROPOSED CHANGE OF COMPANY NAME                                           
                                                                              
    The Board proposes to change the name of the Company from "GR Investment  
    International Limited" to "Prosperity Investment Holdings Limited".       
                                                                              
    The proposed change of the name of the Company is subject to the passing  
    of a special resolution at the SGM by the Shareholders and the Registrar  
    of Companies in Bermuda granting approval for the change of name. The     
    Board also proposes that subject to the change of the English name        
    becoming effective, the Company shall change its Chinese name to "*".     
                                                                              
    A circular containing, among other things, details of the proposed        
    change of the name of the Company and a notice of the SGM will be         
    despatched to the Shareholders as soon as practicable.                    
                                                                              
    Proposed Change of Company Name                                           
                                                                              
    The Board proposes to change the name of the Company from "GR Investment  
    International Limited" to "Prosperity Investment Holdings Limited". The   
    Board believes that the proposed change of the name of the Company can    
    better reflect the principal activities of the Company and emphasize its  
    independence from Golden Resources, one of the Company's substantial      
    shareholders.                                                             
                                                                              
    The proposed change of the name of the Company is subject to the passing  
    of a special resolution at the SGM by the Shareholders and the Registrar  
    of Companies in Bermuda granting approval for the change of name. The     
    Board also proposes that subject to the change of the English name        
    becoming effective, the Company shall change its Chinese name to "*".     
    The Company will carry out the necessary filing procedures with the       
    Registrar of Companies in Hong Kong.                                      
                                                                              
    The effective date of the change of name will be the date on which the    
    new name is entered by the Registrar of Companies in Bermuda on the       
    register in place of the existing name. Upon the change of name becoming  
    effective, all existing share certificates bearing the existing Shares    
    and the existing name of the Company will continue to be evidence of      
    title to the Shares and will continue to be valid for trading,            
    settlement and registration purposes and the rights of the Shareholders   
    will not be affected as a result of the proposed change of name. Should   
    the change of name become effective, any issue of share certificates      
    thereafter will be in the new company name and the securities of the      
    Company will be traded on the Stock Exchange in the new name. There will  
    not be any free exchange of share certificates upon the change of         
    company name becoming effective. A further announcement will be made      
    should the proposed change of name become effective.                      
                                                                              
    A circular containing, among other things, details of the proposed        
    change of the name of the Company and a notice of the SGM will be         
    despatched to the Shareholders as soon as practicable.                    
                                                                              
    Definitions                                                               
                                                                              
    "Board"        the board of directors of the Company                      
                                                                              
    "Company"        GR Investment International Limited                      
                                                                              
    "Golden Resources"        Golden Resources Development International      
    Limited, one of the Company's substantial shareholders                    
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    People's Republic of China                                                
                                                                              
    "SGM"        the special general meeting of the Company to be convened    
    to consider and, if thought fit, approve the proposed change of the name  
    of the Company                                                            
                                                                              
    "Shares"        shares of the Company                                     
                                                                              
    "Shareholders"        holder(s) of the Shares                             
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. LAM Wo (Chairman) and Mr. CHEUK Yuk Lung. The