09:42     GORIENT<00729>  -Announcement & Resumption of Trading (2)           

    "Agreement"  the binding agreement dated 24 January 2005 entered into     
    between the Vendor, the Guarantor and the Subsidiary in relation to the   
    Acquisition                                                               
                                                                              
    "APL"  Able Prince International Limited, a company incorporated in the   
    BVI and a wholly-owned subsidiary of the Vendor before completion of      
    the Acquisition, which has yet to commence operations                     
                                                                              
    "Company"  Gorient (Holdings) Limited, a company incorporated in          
    Bermuda with limited liability, the shares of which are listed on the     
    Stock Exchange                                                            
                                                                              
    "Citic"  Citic International Assets Management Limited                    
                                                                              
    "Deposit"  HK$8 million of the consideration for the Acquisition          
    payable upon signing of the Agreement by the Subsidiary                   
                                                                              
    "Directors"  the directors of the Company                                 
                                                                              
    "Group"  the Company and its subsidiaries                                 
                                                                              
    "Guarantor"  Mr. Lam Ying Kit, an Independent Third Party                 
                                                                              
    "Hong Kong"  the Hong Kong Special Administrative Region of the           
    People's Republic of China                                                
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "Macau"  Macau Special Administrative Region of the People's Republic     
    of China                                                                  
                                                                              
    "Stock Exchange"  the Stock Exchange of Hong Kong Limited                 
                                                                              
    "Subsidiary"  Cheer Asia Investment Ltd., a company incorporated in the   
    BVI and a wholly-owned subsidiary of the Company                          
                                                                              
    "Vendor"  Honour Time Trading Limited, a company incorporated in the      
    British Virgin Islands which is wholly beneficially owned by the          
    Guarantor, and an independent third party and not a connected person to   
    the Company (as defined in the Listing Rules)                             
                                                                              
    "%"  per cent                                                             
                                                                              
    As at the date of this announcement, the Directors of the Company are     
    as follows:                                                               
                                                                              
    Executive Directors:  Mr. Gouw, Carl Kar Yiu, Ms. Gouw, Elizabeth San     
    Bo, Mr. Sun Yeung Yeung                                                   
                                                                              
    Non-executive Directors:  Mr. Lo Mun Lam, Raymond, Mr. Chow Yeung Tuen,   
    Richard, Mr. Ha Kee Choy, Eugene                                          
                                                                              
    Independent non-executive Directors:  Mr. Ko Sai Kit, Larry, Mr. Law      
    Hung Wai, Sam, Mr. Tsang Pak Chung, Eddy                                  
                                                                              
    By Order of the Board                                                     
    Gorient (Holdings) Limited                                                
    Gouw, Carl Kar Yiu                                                        
    Chairman & Chief Executive Officer                                        
                                                                              
    Hong Kong, 7 February 2005