09:29     MAGICIAN IND<00526> - Announcement & Resumption (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.                         
                                                                              
    MAGICIAN INDUSTRIES (HOLDINGS) LIMITED                                    
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 526)                                                         
                                                                              
    Appointment of Chief Executive Officer and Re-designation                 
    of Director                                                               
    Removal of Deputy Chairman                                                
    Re-designation of Directors                                               
    Resignation of Independent Non-executive Directors,                       
    General Manager,                                                          
    Chief Financial Officer and Company Secretary                             
    and                                                                       
    Appointment of Company Secretary                                          
    and                                                                       
    Resumption of Trading                                                     
                                                                              
    Appointment of Chief Executive Officer and Re-designation                 
    of Director                                                               
    The Board is pleased to announce that, on 4 February 2005,                
    the Board has resolved to appoint Mr. Chan Chun Hing                      
    Kenneth as the Chief Executive Officer of the Group and                   
    to re-designate him as an Executive Director of the Company               
                                                                              
    Removal of Deputy Chairman                                                
    Mr. Will Hoon Wee Teng's position as Deputy Chairman of                   
    the Company has been removed.                                             
                                                                              
    Re-designation of Directors                                               
    Mr. Kong Yick Ming and Miss Kok Zhi Yi Katrina have been                  
    re-designated as Executive Directors.                                     
                                                                              
    Resignation of Independent Non-executive Directors,                       
    General Manager, Chief Financial Officer and Company                      
    Secretary                                                                 
    Mr. Tsui Sing Kee Rawdon and Mr. Cheung Sun Lung have                     
    resigned as Independent Non-executive Directors. Mr.                      
    Patrick Zee has resigned as General Manager, and Mr. Kwong                
    Alvin Lin-pik has resigned as Chief Financial Officer and                 
    Company Secretary of the Group.                                           
                                                                              
    Appointment of Company Secretary                                          
    Ms. Li Fun Replen has been appointed as Company Secretary.                
                                                                              
    Resumption of Trading                                                     
    At the request of the Company, trading in the securities                  
    of the Company has been suspended since 9:30a.m. on 7                     
    February 2005 pending the publication of this announcement                
    and application has been made for the trading of the                      
    securities of the Company to be resumed with effect from                  
    9:30a.m. on 21 February 2005.                                             
                                                                              
    The board of directors (the "Board") of Magician                          
    Industries (Holdings) Limited (the "Company", together                    
    with its subsidiaries, the "Group") is pleased to announce                
    that the Board has resolved, among others, the following                  
    matters at the Board meeting on 4 February 2005:                          
                                                                              
    1   Appointment of Chief Executive Officer and                            
    Re-designation of Director                                                
    Mr. Kong Yick Ming is used to be the Chief Executive Officer              
    until 10 December 2004, the Board considered that it was                  
    necessary to appoint a Chief Executive Officer ("CEO") to                 
    manage the overall operation and business of the Group and                
    Mr. Chan Chun Hing Kenneth was considered a suitable person               
    with experience in business and administration and, on 4                  
    February 2005, the Board has resolved to appoint Mr. Chan                 
    Chun Hing Kenneth as CEO of the Group and to re-designate                 
    him from Non-executive Director to Executive Director of                  
    the Company effective 4 February 2005.