09:29     PACIFIC ANDES<01174> - 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.                                                     
                                                                              
    PACIFIC ANDES INTERNATIONAL HOLDINGS LIMITED                              
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1174)                                                        
                                                                              
    EXTENSION OF TIME FOR DESPATCH OF CIRCULAR                                
                                                                              
    The Company has applied to the Stock Exchange for an                      
    extension of time to despatch the Circular in respect                     
    of certain discloseable transactions and connected                        
    transaction to the Shareholders to 21 February 2005.                      
                                                                              
    Reference is made to the announcement of the Company                      
    dated 19 January 2005 in respect of certain                               
    discloseable transactions and connected transaction                       
    of the Company ("Announcement"). Unless otherwise                         
    defined, all terms used herein shall have the same                        
    meanings as defined in the Announcement.                                  
                                                                              
    Pursuant to the Listing Rules, the Company is required                    
    to, amongst other things, send a circular ("Circular")                    
    in respect of the aforesaid transactions to the                           
    Shareholders and the Stock Exchange within 21 days                        
    after publication of the Announcement.                                    
                                                                              
    Owing to the overlapping of the 21-day time limit with                    
    the upcoming Lunar New Year public holiday, the time                      
    allowed for the preparation of the Circular has been                      
    shortened. The Company has therefore made an                              
    application to the Stock Exchange for a waiver from                       
    strict compliance with Rules 14.38 and 14A.49 of the                      
    Listing Rules and to extend the deadline for despatch                     
    of the Circular from 10 February 2005 to 21 February                      
    2005.                                                                     
                                                                              
    By order of the Board                                                     
    Pacific Andes International Holdings Limited                              
    Cheng Nai Ming                                                            
    Company Secretary                                                         
                                                                              
    Hong Kong, 7 February 2005                                                
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr. Ng Swee Hong, Mr.                        
    Ng Joo Siang, Madam Teh Hong Eng, Mr. Ng Joo Kwee,                        
    Mr. Ng Joo Puay, Frank, Ms. Ng Puay Yee and Mr. Cheng                     
    Nai Ming whilst the independent non-executive                             
    directors of the Company are Mr. Kwok Lam Kwong, Larry,                   
    Mr. Lew V. Robert and Mr. Yeh Man Chun, Kent.