09:51     STELUX HOLDINGS<00084> - Announcement (4)                           

    Company based on normal commercial terms agreed after                     
    arms' length negotiations between the parties. The                        
    Board (including the independent non-executive                            
    directors of the Company) considers that the terms                        
    of the Continuing Connected Transactions (including                       
    the Revised Caps) are fair and reasonable and in the                      
    interests of the Company and the Shareholders as a                        
    whole.                                                                    
                                                                              
    The Continuing Connected Transactions will be subject                     
    to the annual review requirement and the reporting                        
    requirement in the Company's next and successive                          
    annual reports respectively under Rules 14A.37 to                         
    14A.41, and Rules 14A.45 to 14A.46 of the Listing                         
    Rules.                                                                    
                                                                              
    DEFINITIONS                                                               
    "associate"     has the meaning as given to it in the                     
    Listing Rules                                                             
                                                                              
    "Board" board of Directors                                                
                                                                              
    "Company"       Stelux Holdings International Limited, a                  
    company incorporated in Bermuda with limited                              
    liability and the shares of which are listed on the                       
    Stock Exchange                                                            
                                                                              
    "Directors"     directors of the Company                                  
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the People's Republic of China                                  
                                                                              
    "Listing Rules" Rules Governing the Listing of                            
    Securities on the Stock Exchange                                          
                                                                              
    "Revised Caps"  the maximum aggregate annual value                        
    for the Continuing Connected Transactions as proposed                     
    by the Company, being HK$4 million, HK$4.8 million                        
    and HK$5.8 million for each of the three financial                        
    years ended 31 March 2007                                                 
                                                                              
    "Shareholders"  holders of the shares in the issued                       
    share capital of the Company                                              
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "Thong Sia (Malaysia)"  Thong Sia Sdn Bhd (a company                      
    incorporated in Malaysia), whose connection with the                      
    Company is set out above                                                  
                                                                              
    "Thong Sia (Singapore)" Thong Sia Company                                 
    (Singapore) Private Limited (a company incorporated                       
    in Singapore), whose connection with the Company is                       
    set out above                                                             
                                                                              
    "Thong Sia Companies"   Thong Sia (Singapore) and                         
    Thong Sia (Malaysia)                                                      
                                                                              
    "Vision Pro"    Vision Pro Trading Company Limited, a                     
    company incorporated in Hong Kong and whose                               
    connection with the Company is set out above                              
                                                                              
    "Vision Pro Group"      Vision Pro and its wholly owned                   
    subsidiaries                                                              
                                                                              
    "%"     percentage                                                        
                                                                              
    By order of the Board                                                     
    CAROLINE CHONG                                                            
    Company Secretary                                                         
    Date: 15 February 2005                                                    
                                                                              
    Directors of the Company as at the date hereof:                           
                                                                              
    Executive Directors:                                                      
    Wong Chong Po (Chairman), Chumphol Kanjanapas (alias                      
    Joseph C. C. Wong) (Vice Chairman and Chief Executive                     
    Officer), Anthony Chu Kai Wah, Stan Lee Shu Chung and                     
    Wong Yuk Woon                                                             
                                                                              
    Non- Executive Directors:                                                 
    Sakorn Kanjanapas, Kwong Yiu Chung (independent),                         
    Sydney Chu Chun Keung (independent) and Wu Chun Sang                      
    (independent)