09:23     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                                     
    CONNECTED TRANSACTION                                                     
    IN RELATION TO                                                            
    PROPOSED SUBSCRIPTION OF 200,000,000 NEW SHARES                           
    AND                                                                       
    PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL                             
    FROM HK$90,000,000 TO HK$250,000,000                                      
                                                                              
    The Company has applied to the Stock Exchange for a further extension     
    of time for despatch of the circular regarding the Connected              
    Transaction to on or before 2 March 2005.                                 
                                                                              
    Reference is made to the announcements made by the Company dated 1 and    
    14 February 2005 in relation to the delay in despatch of circular         
    regarding the Connected Transaction (i.e. a transaction relating to the   
    subscription of 200,000,000 new shares of the Company at a price of       
    HK$1.00 per share by Mr. Law Kar Po, a Director and a connected person    
    of the Company) and a further delay in despatch of circular regarding     
    the very substantial acquisition involving issue of consideration         
    shares (the "VSA") respectively. Terms defined in those announcements     
    shall have the same meanings when used herein unless the context          
    requires otherwise.                                                       
                                                                              
    Since there is a further delay in despatch of the circular containing     
    further details of the VSA (i.e. from 14 February 2005 to on or before    
    28 February 2005), and given that the funds (if successfully raised)      
    from the Connected Transaction will finance part of the cash              
    consideration payable for the VSA, details of the VSA (where references   
    to such details will have to be made in the circular regarding the        
    Connected Transaction) so as to enable the Shareholders to better         
    consider the reasons for and benefits of the Subscription, the Company    
    has applied to the Stock Exchange for a further extension of the time     
    to despatch the circular regarding the Connected Transaction (i.e. from   
    17 February 2005 to on or before 2 March 2005).                           
                                                                              
    By order of the Board                                                     
    Pearl Oriental Enterprises Limited                                        
    Wong Kwan                                                                 
    Chairman                                                                  
                                                                              
    Hong Kong, 15 February 2005                                               
                                                                              
    As at the date of this announcement, the Board comprises of 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.