09:46     FORTUNA INT'L<00530>-Announcement & Resumption of Trading(4)        

    2.   Mr. Kwee is the sole shareholder of Prestbury, which                 
    holds 727,410,624 Shares. As such, Mr. Kwee is deemed to be               
    interested in the Shares held by Prestbury pursuant to Part               
    XV of the SFO. Mr. Kwee is also interested in 52,500,000                  
    Shares personally. Mr. Kwee is therefore interested in a                  
    total of 779,910,624 Shares which comprise (i) the                        
    727,410,624 Shares held by Prestbury and (ii) 52,500,000                  
    Shares held by Mr. Kwee personally.                                       
                                                                              
    3.   Pan Asia Sat Media Ltd. is owned as to 75.86% by Mr.                 
    Hendro Suwandy, as to 11.14% by the Company and as to the                 
    remaining 13.00% by an independent third party who is not                 
    a connected person (as defined in the Listing Rules) of the               
    Company. Mr. Hendro Suwandy is deemed to be interested in                 
    the 665,568,000 Shares held by Pan Asia Sat Media Ltd.                    
    pursuant to Part XV of the SFO.                                           
                                                                              
    4.   Ms. Lam is entitled to 980,000,000 Consideration Shares              
    pursuant to the Agreement upon Completion.                                
                                                                              
    Conditions of the Agreement                                               
    The Completion is conditional upon:                                       
                                                                              
    (i)   the warranties, covenants and representations set out               
    in the Agreement given by the Vendor will be true and accurate            
    and not misleading as at Completion;                                      
                                                                              
    (ii)   the Purchaser is satisfied as to the conditions and                
    completeness of the renovation and facilities of the Hotel                
    and the casino upon carrying out an inspection immediately                
    prior to Completion;                                                      
                                                                              
    (iii)   a Macau lawyer to be appointed by the Purchaser                   
    issuing a legal opinion under the laws of Macau to the                    
    satisfaction of the Purchaser confirming, amongst other                   
    things, (i) the right of the Target Company to use and occupy             
    the Hotel is valid and legally enforceable under the laws                 
    of Macau; (ii) the Target Company has valid title to the Hotel;           
    (iii) the operation and the business of the Target Company                
    (including the casino operation) is in compliance with the                
    laws and regulation of Macau; and (iv) the transactions                   
    contemplated under the Agreement do not and will not infringe             
    any laws, rules and regulations of Macau or results in any                
    approvals or licenses granted to the Target Company becoming              
    void or voidable;                                                         
                                                                              
    (iv)   the Vendor having complied fully with the obligations              
    specified in the Agreement prior to Completion;                           
                                                                              
    (v)   the parties to the Agreement, the other shareholders                
    of the Target Company and the Target Company agreeing on the              
    terms of the management agreements in relation to the                     
    operation of the Hotel and the casino therein;                            
                                                                              
    (vi)   the Shareholders passing resolutions in the special                
    general meeting of the Company to approve, amongst other                  
    things, the issue of the Consideration Shares under the                   
    Agreement;                                                                
                                                                              
    (vii)   the Listing Committee of the Stock Exchange granting              
    the listing of and the permission to deal in the                          
    Consideration Shares; and                                                 
                                                                              
    (viii)   all necessary consents being granted by third                    
    parties (including governmental or official authorities)                  
    and no statute, regulation or decision which would prohibit,              
    restrict or materially delay the sale and purchase of the                 
    Sale Share or the operation of the Target Company and the                 
    Hotel and the casino after Completion having been proposed,               
    enacted or taken by any governmental or official authority.               
                                                                              
    If the conditions set out above are not fulfilled or are not              
    waived by the Purchaser (as the case may be) on or before                 
    20th March 2005 or such other date as the parties may agree,              
    the Agreement will cease to be of any further effect, and                 
    none of the parties of the Agreement shall have any claims                
    against the other save for any antecedent breach and the                  
    Vendor shall return the deposit (without interest) to the                 
    Purchaser.