09:17     HON PO GROUP<00228> - Announcement & Resumption (8)                 

    Republic of China                                                         
                                                                              
    "Independent Shareholder(s)"   in respect of the refreshment of the       
    general mandate, the Shareholders other than the controlling              
    shareholders, the Directors (excluding the independent non-executive      
    Directors) and the chief executive of the Company and their respective    
    associates.                                                               
                                                                              
    "Placing"   the conditional placing of the Convertible Notes pursuant to  
     the Placing Agreement                                                    
                                                                              
    "Placing Agent"   Yicko Securities Limited, a deemed licensed             
    corporation to carry on business in types 1, 4, 6, and 9 regulated        
    activities (dealing in securities, advising on securities and corporate   
    finance, and asset management) under the Securities and Futures           
    Ordinance (Chapter 571 of the Laws of Hong Kong)                          
                                                                              
    "Placing Agreement"   the conditional placing agreement dated 7 February  
     2005 and entered into between the Company and the Placing Agent in       
    relation to the Placing                                                   
                                                                              
    "Last Trading Date"   7 February 2005 being the last full trading day     
    for the Shares before this announcement                                   
                                                                              
    "Listing Rules"   the Rules Governing the Listing of Securities on the    
    Stock Exchange                                                            
                                                                              
    "Registrar"   Tengis Limited, the branch share registrar of the Company   
    in Hong Kong                                                              
                                                                              
    "Shareholder(s)"   holder(s) of the Share(s)                              
                                                                              
    "Share(s)"   ordinary share(s) of HK$0.01 in the existing share capital   
    of the Company                                                            
                                                                              
    "Share Consolidation"   The proposed consolidation of every 5 Shares in   
    the issued and unissued share capital of the Company into one             
    Consolidated Share in the issued and unissued share capital of the        
    Company                                                                   
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "%"   per cent.                                                           
                                                                              
    By order of the Board                                                     
    Hon Po Group (Lobster King) Limited                                       
    Cheung To Sang                                                            
    Chairman and Managing Director                                            
                                                                              
    Hong Kong, 21 February, 2005                                              
                                                                              
    As at the date of this announcement, Mr. Cheung To Sang, Mr. Chan Nun     
    Chiu, Mrs. Cheung Lim Mai Tak, Grace, Mr. She Hing Chiu and Mr. Tse       
    Chick Sang are executive directors, Mr. Cheung Sik Pang and Mr. Ng Wing   
    Po are non-executive directors, Mr. Chang Kin Man, Mr. Wu Tak Lung and    
    Ms. Lee Pui Hang, Pieann are independent non-executive directors of the   
    Company.