09:03     M DREAM INWORLD<08100>-Announcement&Resumption of Trading(2)        

    including preparation of a circular to convene an EGM to seek the         
    approval of the Shareholders, and hence subject to the foregoing, a       
    circular containing further information on (a) the Subscription           
    Agreement and the Subscription; (b) the Acquisition Agreement and the     
    Acquisition; and (c) consequences if the Acquisition and the              
    Subscription are voted down by the Shareholders, together with the        
    notice of the EGM will be despatched to the Shareholders as soon as       
    practicable, and in any event within 21 days after publication of this    
    announcement. Further announcement will be published by the Company in    
    the event that Shareholders' approval is not obtained at the EGM.         
                                                                              
    Resumption of trading                                                     
                                                                              
    Trading in the Shares was suspended at 9:30 a.m. on 8 February 2005 upon  
     request by the Company pending release of this announcement and          
    application has been made to the Stock Exchange for resumption of         
    trading in the Shares with effect from 9:30 a.m. on 23 February 2005.     
                                                                              
    By order of the board of Directors                                        
    M Dream Inworld Limited                                                   
    Koh Tat Lee, Michael                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 22 February 2005                                               
                                                                              
    As at the date of this announcement, the board of Directors consists of   
    Mr. Koh Tat Lee, Michael, Mr. Domingo Chen, Mr. Xu Hanjie, Mr. Wong Shui  
     Fun and Dr. Choong Ying Chuan, being the executive Directors, Messrs.    
    Peter Tay Yew Beng, Wong Kean Li and Ng Yat Cheung, being non-executive   
    Directors and Messrs. Robert Wong, Hilda Sung and Anthony Yeung, being    
    the independent non-executive Directors.                                  
                                                                              
    In this announcement, the conversion of US$ into HK$ is based on the      
    exchange rate of US$1 = HK$7.80.                                          
                                                                              
    This announcement, for which the Directors collectively and individually  
     accept full responsibility, includes particulars given in compliance     
    with the GEM Listing Rules for the purpose of giving information with     
    regard to the Company. The Directors, having made all reasonable          
    enquiries, confirm that, to the best of their knowledge and belief:- (1)  
     the information contained in this announcement is accurate and complete  
     in all material respects and not misleading; (2) there are no other      
    matters the omission of which would make any statement in this            
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful consideration     
    and are founded on bases and assumptions that are fair and reasonable.    
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcement" page on   
    the GEM website at http://www.hkgem.com.