10:34     JACKLEY HOLDING<00353> - 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 howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    ORIENT INDUSTRIES HOLDINGS LIMITED                                        
    *                                                                         
    (formerly known as Jackley Holdings Limited)                              
    (Incorporated in the Cayman Islands with limited liability)               
                                                                              
    (Stock Code: 353)                                                         
                                                                              
    PROPOSED OPEN OFFER OF NEW SHARES ON THE BASIS OF ONE OFFER SHARE         
    FOR EVERY TWO NEW SHARES HELD ON RECORD DATE                              
    UPON THE CAPITAL REORGANISATION HAVING BECOME EFFECTIVE                   
                                                                              
    Financial adviser to the Company                                          
                                                                              
    KINGSTON CORPORATE FINANCE LIMITED                                        
                                                                              
    Underwriter                                                               
                                                                              
    KINGSTON SECURITIES LIMITED                                               
                                                                              
    PROPOSED OPEN OFFER                                                       
                                                                              
    The Company proposes to raise HK$13.9 million before expenses,            
    by issuing 69,500,000 Offer Shares at the price of HK$0.20 per            
    Offer Share by way of the Open Offer, payable in full on                  
    application, on the basis of one Offer Share for every two New            
    Shares held on the Record Date.                                           
                                                                              
    The Open Offer will not be available to the Excluded Shareholders.        
    To qualify for the Open Offer, all transfers of Shares must be            
    lodged for registration with the Registrar, Tengis Limited, by            
    4:00 p.m. on Monday, 7 March 2005.                                        
                                                                              
    Each of Prime Orient and Mr. Choi has undertaken to take up all           
    its/his respective entitlements under the Open Offer (being               
    25,586,250 and 2,375,000 Offer Shares respectively).                      
                                                                              
    The estimated net proceeds from the Open Offer will be                    
    approximately HK$13 million, of which approximately HK$ 9.1               
    million will be applied to the repayment of outstanding                   
    indebtedness and the remaining balance of approximately HK$ 3.9           
    million will be used as general working capital of the Group.             
                                                                              
    The Open Offer is conditional. In particular, it is subject to            
    the Capital Reorganisation having become effective and the                
    Underwriter not terminating the Underwriting Agreement (see               
    "Termination of the Underwriting Agreement" below). Accordingly,          
    the Open Offer may or may not proceed.                                    
                                                                              
    Trading of Shares on ex-entitlement basis is expected to commence         
    on Friday, 4 March 2005. Any person contemplating buying or               
    selling of the Shares from now up to the date on which all                
    conditions of the Open Offer are fulfilled will accordingly bear          
    the risk that the Open Offer may not become unconditional and             
    may not proceed. Investors should seek professional advice                
    regarding dealings in Shares if they are in any doubt.                    
                                                                              
    The Prospectus containing, among other things, details of the             
    Open Offer and the Application Form will be despatched to the             
    Qualifying Holders (and the Prospectus