09:45     FORTUNA INT'L<00530>-Announcement & Resumption of Trading(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                 
    however arising from or in reliance upon the whole or any                 
    part of the contents of this announcement.                                
                                                                              
    The announcement is for information only and does not                     
    constitute an invitation or offer to acquire, purchase or                 
    subscribe for the securities of the Company.                              
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF SHARES IN                                                  
    NEW GRAND HOTEL COMPANY LIMITED                                           
    AND                                                                       
    RESUMPTION OF TRADING                                                     
                                                                              
    On 20th January 2005, the Purchaser has entered into a                    
    conditional sale and purchase agreement with the Vendor to                
    acquire the Sale Share for an aggregate consideration of                  
    HK$50 million. The Consideration will be satisfied as to HK$1             
    million by way of cash of which was paid upon signing of the              
    Agreement and the remaining balance of HK$49 million will                 
    be satisfied either by way of cash or issuance and allotment              
    of the Consideration Shares at HK$0.05 each upon Completion.              
                                                                              
    The Acquisition constitutes a discloseable transaction for                
    the Company under Chapter 14 of the Listing Rules. The                    
    Company will seek approval from the Shareholders for a                    
    specific mandate to issue the Consideration Shares at the                 
    SGM. A circular containing, among other things, further                   
    information of the Acquisition and the notice of the SGM will             
    be despatched to the Shareholders as soon as practicable.                 
                                                                              
    Trading in the Shares on the Stock Exchange was suspended                 
    with effect from 9:39 a.m. on 20th January 2005 pending                   
    release of this announcement. Application has been made by                
    the Company for the resumption of trading of the Shares on                
    the Stock Exchange with effect from 9:30 a.m. on 16th                     
    February 2005.                                                            
                                                                              
    THE AGREEMENT DATED 20th JANUARY 2005                                     
    Parties                                                                   
    Purchaser:   Everacme Management Limited, a wholly-owned                  
    subsidiary of the Company                                                 
                                                                              
    Vendor:   Ms. Lam, the beneficial shareholder of 60%                      
    interests in the Target Company, an Independent Third Party               
                                                                              
    Transaction:   Acquisition of the Sale Share                              
                                                                              
    The Directors confirm that, to the best of the Directors'                 
    knowledge, information and belief having made all reasonable              
    enquiries, the Vendor is an Independent Third Party and is                
    not a connected person (as defined in the Listing Rules) of               
    the Company. The Vendor has no prior business relationship                
    with the Company.