09:26     PEARL ORIENTAL<00600> - 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.                   
                                                                              
                                                                              
    PEARL ORIENTAL ENTERPRISES LIMITED                                        
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 600)                                                         
                                                                              
    FURTHER DELAY IN DESPATCH OF CIRCULAR                                     
    REGARDING A VERY SUBSTANTIAL ACQUISITION                                  
    INVOLVING ISSUE OF CONSIDERATION SHARES                                   
                                                                              
    The Company has made an application to the Stock Exchange for a further   
    extension of time limit for despatch of the Circular to on or before 28   
    February 2005.                                                            
                                                                              
    Reference is made to the announcement made by the Company dated 6         
    January 2005 in relation to the acquisition of a 40% equity interest in   
    Hotel Golden Dragon (Macao) Company Limited (the "Announcement") and      
    the announcement of the Company dated 28 January 2005 in relation to      
    the delay in despatch of circular. Terms defined in the Announcement      
    shall have the same meanings when used herein unless the context          
    requires otherwise.                                                       
                                                                              
    Pursuant to Rules 14.38 and 14.48 of the Listing Rules, the Company is    
    required to despatch a circular (the "Circular") within 21 days after     
    publication of the Announcement, which should be on or before 28          
    January 2005. The Company applied to the Stock Exchange for an            
    extension of time limit for despatch of the Circular to on or before 14   
    February 2005. As additional time is required by the reporting            
    accountants to finalise the pro forma financial information of the        
    Group and the accountants' report on Golden Dragon for inclusion in the   
    Circular, an application has been made by the Company to the Stock        
    Exchange for a further extension to the time limit for despatch of the    
    Circular. The Circular is expected to be despatched to the Shareholders   
    on or before 28 February 2005.                                            
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    Pearl Oriental Enterprises Limited                                        
    Wong Kwan                                                                 
    Chairman                                                                  
                                                                              
    Hong Kong, 14 February 2005                                               
                                                                              
    As at the date of this announcement, the Board comprises                  
    Mr. WONG Yuk Kwan (alias WONG Kwan), Mr. Law Kar Po,                      
    Mr. Lee Sam Yuen, John, Ms. Law Wing Yee, Wendy, and                      
    Ms. Lee Siu Yuk, Eliza as executive Directors,                            
    Dr. Wong Alfonso as non-executive Director, and                           
    Mr. Chan Nim Leung, Leon, Mr. Ha Kee Choy, Eugene and                     
    Mr. Ng Kai Man, Luke as independent non-executive Directors.