09:28     PIONEER GLOBAL<00224> -Announcement&Resumption of Trading(6)        

    as practicable and within 21 days from the day of publication of this     
    announcement.                                                             
                                                                              
    INFORMATION FOR DISCLOSEABLE TRANSACTION                                  
                                                                              
    The Company get acquainted with Vendor D through FPDSavills (Hong Kong)   
    Limited, a real estate agent independent of the Company. The Company      
    confirms that to the best of the directors' knowledge, information and    
    belief having made all reasonable enquiry, Nedcor Asia Limited and its    
    ultimate beneficial owner, Nedcor Group, in the aforesaid discloseable    
    transaction are third parties independent of the vendors of Property A,   
    Property B & Property C, the vendor in the acquisition as announced by    
    the Company in May 2004 and their respective ultimate beneficial owners   
    and the Company and its connected persons and do not hold any shares in   
    the Company.                                                              
                                                                              
    At the request of the Company, trading of shares of the Company on the    
    Stock Exchange was suspended with effect from 9:30 a.m. on 4 February     
    2005 pending the issue of this announcement. Application has been made    
    to the Stock Exchange for the resumption of trading of the shares of      
    the Company with effect from 9:30 a.m. on 21 February 2005.               
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Company"  Pioneer Global Group Limited, a company incorporated in        
    Bermuda with limited liability the shares of which are listed on the      
    Stock Exchange                                                            
                                                                              
    "Hong Kong"  the Hong Kong Special Administrative Region of the           
    Peoples' Republic of China                                                
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "Party II"  Asia Asset Limited is a company incorporated in Samoa with    
    limited liability and beneficially owned by Madam Tjong Wei. They are     
    independent third parties not connected with any directors, chief         
    executives or substantial shareholders of the Company or its              
    subsidiaries or their respective associates. Asia Asset Limited is        
    specialized in real estate appraisal, consultancy and investment in       
    Hong Kong and China.                                                      
                                                                              
    "Vendors"  Vendors of Property A, Property B, Property C, namely Extra    
    Success International Ltd, Reiphon Development Ltd, and Vicent Ltd.       
                                                                              
    "Vendor D"  Nedcor Asia Limited, a wholly owned subsidiary of Nedcor      
    Group, a leading financial institution in South Africa, is an             
    independent third party not connected with any directors, chief           
    executives or substantial shareholders of the Company or its              
    subsidiaries or their respective associates                               
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "substantial shareholders"  has the meaning as defined in the Listing     
    Rules                                                                     
                                                                              
    By Order of the Board                                                     
    Kenneth Gaw                                                               
    Managing Director                                                         
    Hong Kong, 18 February 2005                                               
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mrs. Rossana Wang Gaw, Mr. Goodwin Gaw, Mr. Kenneth Gaw and   
    Ms. Jane Kwai Ying Tsui and the independent non-executive directors of    
    the Company are Dr. Charles Wai Bun Cheung, J.P., The Hon. Bernard        
    Charnwut Chan and Mr. Arnold Tin Chee Ip.