09:38     EASYKNIT INT'L<01218> - Announcement & Resumption (5)               

                                   and Property 2 by the Vendor               
                                   1 and Vendor 2 pursuant to                 
                                   the Provisional Agreement 1                
                                   and the Provisional Agreement              
                                   2 respectively                             
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Independent Third Party'      a third party independent of               
                                   the Company and of connected               
                                   persons (as defined in the                 
                                   Listing Rules) of the Company              
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `Property 1'                   Shop 19 on Ground Floor, The               
                                   Annex Land Building of                     
                                   Excelsior Plaza, Nos. 24-26                
                                   East Point Road, Causeway                  
                                   Bay, Hong Kong                             
    `Property 2'                   Shop 20 on Ground Floor and                
                                   Shop 20 on the First Floor,                
                                   The Annex Land Building of                 
                                   Excelsior Plaza, Nos. 24-26                
                                   East Point Road, Causeway                  
                                   Bay, Hong Kong                             
    `Provisional Agreement 1'      the provisional agreement                  
                                   dated 17 February 2005                     
                                   entered into between the                   
                                   Purchaser, Vendor 1 and the                
                                   Agent                                      
    `Provisional Agreement 2'      the provisional agreement                  
                                   dated 17 February 2005                     
                                   entered into between the                   
                                   Purchaser, Vendor 2 and the                
                                   Agent                                      
    `Purchaser'                    Wong Ching Man, an individual              
                                   who is an Independent Third                
                                   Party, or her nominee                      
    `SGM'                          the special general meeting                
                                   of the Company be convened to              
                                   approve, amongst other                     
                                   things, the Disposal                       
    `SGX-ST'                       Singapore Exchange Securities              
                                   Trading Limited                            
    `Shareholder(s)'               holder(s) of Shares                        
    `Share(s)'                     ordinary share(s) of HK$0.10               
                                   each in the share capital of               
                                   the Company                                
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Tenancy Agreement 1'          the tenancy agreement dated                
                                   23 March 2004 entered into                 
                                   between Vendor 1 and Tenant 1              
    `Tenancy Agreement 2'          the tenancy agreement dated                
                                   25 July 2003 entered into                  
                                   between Vendor 2 and Tenant 2              
    `Tenant 1'                     the present tenant of                      
                                   Property 1                                 
    `Tenant 2'                     the present tenant of                      
                                   Property 2                                 
    `Vendor 1'                     Victor Investment Limited, a               
                                   company incorporated in Hong               
                                   Kong with limited liability                
                                   and a wholly-owned subsidiary              
                                   of the Company                             
    `Vendor 2'                     Perfect Luck Development                   
                                   Limited, a company                         
                                   incorporated in Hong Kong                  
                                   with limited liability and a               
                                   wholly-owned subsidiary of                 
                                   the Company                                
    `Vendors'                      Vendor 1 and Vendor 2                      
                                                                              
                                                                              
                                                                              
                                   By order of the Board                      
                                   Easyknit International                     
                                   Holdings Limited Koon Wing                 
                                   Yee President and Chief                    
                                   Executive                                  
                                   Officer                                    
                                                                              
                                                                              
    Hong Kong, 22 February 2005                                               
                                                                              
    * for identification only