09:47     FORTUNA INT'L<00530>-Announcement & Resumption of Trading(6)        

    Mr. Ho will be appointed by the Target Company as the manager             
    responsible for the promotion and marketing of the casino                 
    in the Hotel to local customers and overseas tourists. The                
    parties will procure a management agreement to be entered                 
    into between the Target Company and Mr. Ho upon Completion.               
                                                                              
    The parties will also procure a professional management                   
    company or a manager to be appointed for the provision of                 
    management service in relation to the Hotel operation.                    
                                                                              
    As at the date of this announcement, the parties are                      
    negotiating the terms of the above management agreements.                 
    The Company will endeavor to ensure that such management                  
    agreements be signed before Completion and the terms thereof              
    be in the best interests to the Company and the Shareholders              
    as a whole. Further announcement(s) will be published to                  
    inform the Shareholders as soon as practicable after                      
    execution if such agreements will give rise to a disclosure               
    obligation under the Listing Rules.                                       
                                                                              
    IMPLICATION OF THE LAWS OF HONG KONG AND THE LISTING RULES                
    IN RESPECT OF THE CASINO ACTIVITIES                                       
    The casino within the Hotel will not be operated by any                   
    members of the Group but by the casino operator and the                   
    operation will not be carried out in Hong Kong. As such, the              
    Group will not be engaged in any gambling activities in Hong              
    Kong. The Company will procure a legal opinion to be issued               
    confirming that its investment in the gaming operation of                 
    the Target Company will not contravene the Gambling                       
    Ordinance (Chapter 148 of the Laws of Hong Kong).                         
                                                                              
    The Company will also, prior to Completion, obtain a legal                
    opinion which will cover, inter alia, the legality of the                 
    operation and the business of the Company under the laws and              
    regulations of Macau. Completion is subject to the obtaining              
    of the said Macau legal opinion. Details are stated in the                
    paragraph "Conditions of the Agreement" above.                            
                                                                              
    After Completion, the Company will use its best endeavours                
    (insofar as it is able in its capacity as a minority                      
    shareholder of the Target Company) to ensure that, for as                 
    long as the Company has a direct or indirect interest in the              
    Target Company, the casino activities ("Casino Activities")               
    carried out in the Hotel will comply with (i) the applicable              
    laws in the areas where such activities operate; and/or (ii)              
    not contravene the Gambling Ordinance (Chapter 148 of the                 
    Laws of Hong Kong) insofar as it is applicable.                           
                                                                              
    Shareholders should be aware that under the guidelines                    
    issued by the Stock Exchange in relation to "Gambling                     
    Activities Undertaken by Listing Applicants and/or Listed                 
    Issuers", should the Casino Activities (i) fail to comply                 
    with the applicable laws in the areas where such activities               
    operate; and/or (ii) contravene the Gambling Ordinance                    
    (Chapter 148 of the Laws of Hong Kong), the Company or its                
    business may be considered unsuitable for listing under Rule              
    8.04 of the Listing Rules. Depending on the circumstances                 
    of the case, the Stock Exchange may direct the Company to                 
    take remedial action, and/or may suspend dealings in, or may              
    cancel the listing of, the Company's securities on the Stock              
    Exchange pursuant to Rule 6.01 of the Listing Rules.                      
                                                                              
    REASONS AND BENEFIT OF THE ACQUISITION                                    
    The Company is an investment holding company of which its                 
    subsidiaries are principally engaged in (i) cosmetic and                  
    skin care products distribution business; (ii) diamond                    
    trading; (iii) investment in properties; (iv) general                     
    trading; (v) provision of advertising service such as                     
    digital printing and graphic design for advertising,                      
    decoration and window dressing and (vi) wine distribution                 
    business in Hong Kong.