09:30 MAGICIAN IND<00526> - Announcement & Resumption (3) 3. Re-designation of Directors The Board considered that Miss Kok Zhi Yi Katrina has knowledge in designing and will in charge of the research and design functions of the Group. The Board has resolved, in the Board meeting of 4 February 2005, to re-designate Mr. Kong Yick Ming and Miss Kok Zhi Yi Katrina from Non-executive Director to Executive Director of the Company effective 4 February 2005. As Mr. Kong, possesses valuable knowledge and experience in the industry which are required by the Group, has been the Chairman of the Company since 31 January 2005 and he is willing to spare more time on the Group, re-designation of Mr. Kong as Executive Director of the Company is beneficial to the Group. Mr. Kong Yick Ming, aged 52, has over 29 years' experience in the manufacture and sale of plastic and metal general houseware, kitchen ware, gift items, bathroom accessories and related household accessories. Mr. Kong has been granted Young Industrialist Awards of Hong Kong in 1996 and has been the honorary secretary of The Hong Kong Young Industrialists Council Limited for 1997 -1999 and 2003 - 2004. He has also been the president of The Rotary Club of Tsuen Wan for 1995 - 1996 and the part-time vice president of The Xian Industries & Commerce Association for 2001 - 2003. Mr. Kong has been awarded Associateship by the Professional Validation Council of Hong Kong Industries in 2002. He is a foundation member of China Charity Federation and an honorary consultant of Hong Kong Youths Unified Association. Mr. Kong is also a member of the Third Plenary Committee of Jiedong County Guangdong Province of the Chinese People's Political Consultative Conference and a committee member of the Fifth Plenary Committee of Guangdong Overseas Friendship Association. Mr. Kong did not hold any directorship in any public listed companies in the last three years. Mr. Kong is deemed to have a beneficial interest in 286,984,000 ordinary shares, representing 33% interest of the Company through Concept Developments Limited, the entire issued share capital of which is beneficially owned by Mr. Kong. Moreover, Mr. Kong is father of Mr. Kong Hok Yan, the Senior Divisional Merchandising Manager of International Marketing and Sales of the Group, and Ms. Kong Suk Ching, the Merchandising Manager of International Marketing and Sales of the Group. Mr. Kong's length of service have not been determined and his retirement and rotation is in accordance with the bye-laws of the Company. The Board has not determined the emolument of Mr. Kong as at the date of this announcement. Save as aforesaid, Mr. Kong does not have any relationship with any directors, senior management or substantial or controlling shareholder of the Company, nor does he hold any other position with the Company or any of its subsidiaries. Mr. Kong does not have any interests in the securities of the Company within the meaning of Part XV of the said SFO. Miss Kok Zhi Yi Katrina aged 22, graduated from Buckinghamshire Chilterns University College and possesses a Bachelor of Arts degree with Honours. Miss Kok has not held directorship in other listed companies in the last three years. Miss Kok's length of service have not been determined and she will hold office only until the next following annual general meeting of the Company and will then be eligible for re-election at that meeting, in accordance with the bye-laws of the Company. The Board has not determined the emolument of Miss Kok as at the date of this announcement. Miss Kok is a daughter of Ms. Chan Ying Gi, Dorice, who is deemed to have a beneficial interest in 150,195,198 shares, representing 17.3% interest of the Company, hence a substantial shareholder of the Company, of which 117,491,777 shares are owned through Primewell Investment Limited, being a company the entire issued share capital of which is beneficially owned by Ms. Chan Ying Gi, Dorice, and the balance of which (that is 32,703,421 shares) are owned by her personally. Save as aforesaid, Miss Kok has no relationship with any directors, senior management or substantial or controlling shareholders of the Company, nor does she hold any other position with the Company or any of its subsidiaries. As at the date of this announcement, Miss Kok does not have any interests in the securities of the Company within the meaning of Party XV of the said SFO.