09:51     MACROLINK INT'L<00472>-Announcement&Resumption of Trading-10        

    "First Acquisition"   the proposed acquisition of a 70%                   
    equity interest in the First Target Company by the Company                
    from the Beijing Vendor pursuant to the First Sale and                    
    Purchase Agreement;                                                       
                                                                              
    "First Completion"   completion of the First Acquisition;                 
                                                                              
    "First Sale and Purchase Agreement"   the conditional sale                
    and purchase agreement dated 23rd February, 2005 entered into             
    between the Company and the Beijing Vendor in relation to the             
    First Acquisition;                                                        
                                                                              
    "First Target Company"   * (Yunnan                                        
    Shangeli-La Winery Co., Ltd.), a company established under                
    the laws of the PRC;                                                      
                                                                              
    "First Target Company Disposal Agreement"   the agreement to              
    be entered into amongst the Beijing Vendor and Jiang Jian in              
    relation to the disposal of 21% equity interest in the First              
    Target Company to Jiang Jian, an Independent Third Party;                 
                                                                              
    "First Target Equity Interest"   the 70% equity interest in               
    the First Target Company beneficially owned by the Beijing                
    Vendor as at the date of this announcement;                               
                                                                              
    "First Target Group"   the First Target Company and its                   
    subsidiaries;                                                             
                                                                              
    "Group"   the Company and its subsidiaries;                               
                                                                              
    "Hai Da Company"   *, a company                                           
    established under the laws of the PRC and the holder of 10%               
    interest in the Beijing Vendor and an associate of Fu Kwan,               
    a Director;                                                               
                                                                              
    "Han Long"   *, a company established under                               
    the laws of the PRC;                                                      
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong;              
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region of              
    the People's Republic of China;                                           
                                                                              
    "Independent Board Committee"   a Board committee comprising              
    the independent non-executive Directors to be constituted to              
    make recommendations to the Independent Shareholders in                   
    respect of the Acquisitions;                                              
                                                                              
    "Independent Shareholders"   the Shareholders other than                  
    Macro-Link International and its associates;                              
                                                                              
    "Independent Third Party(ies)"   to the best of the                       
    Directors' knowledge, information and belief having made all              
    reasonable enquiry, third party(ies) independent of the                   
    Company and connected persons of the Company;                             
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange;                                         
                                                                              
    "Macro-Link Holdings"   *, a company                                      
    established under the laws of the PRC and the holder of 90%               
    interest in the Beijing Vendor;                                           
                                                                              
    "Macro-Link International"   Macro-Link International                     
    Investment Company Limited, a company incorporated in the                 
    British Virgin Islands and a substantial Shareholder;                     
                                                                              
    "Malaysia Vendor"   MACRO-LINK SDN BHD*, a company incorporated in        
    Malaysia;                                                                 
                                                                              
    "PRC"   the People's Republic of China;                                   
                                                                              
    "RMB"   Reminbi, the lawful currency of the PRC;                          
                                                                              
    "Second Acquisition"   the proposed acquisition of a 25%                  
    equity interest in the Second Target Company by the Company               
    from the Malaysia Vendor pursuant to the Second Sale and                  
    Purchase Agreement;                                                       
                                                                              
    "Second Completion"   completion of the Second Acquisition;               
                                                                              
    "Second Sale and Purchase Agreement"   the conditional sale               
    and purchase agreement dated 23rd February, 2005 entered into             
    between the Company and the Malaysia Vendor in relation to                
    the Second Acquisition;