09:52     MACROLINK INT'L<00472>-Announcement&Resumption of Trading-11        

    "Second Target Company"   *                                               
    (Shangeli-la (Qinhuangdao) Winery Ltd.*), a company                       
    established under the laws of the PRC;                                    
                                                                              
    "Second Target Equity Interest"   the 25% equity interest in              
    the Second Target Company beneficially owned by the Malaysia              
    Vendor as at the date of this announcement;                               
                                                                              
    "SGM"   the special general meeting of the Company to be                  
    convened to consider and, if thought fit, approve, amongst                
    other things, the   Agreements and the transactions                       
    contemplated thereunder;                                                  
                                                                              
    "Shareholders"   holder(s) of the Shares;                                 
                                                                              
    "Shares"   ordinary share(s) of HK$0.01 each in the share                 
    capital of the Company; and                                               
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited.               
                                                                              
    For the purposes of this announcement, unless otherwise                   
    indicated, the exchange rate of HK$1.00 = RMB1.06 has been                
    used for currency translation, where applicable. This is for              
    illustration purpose only and does not constitute a                       
    representation that any amounts in HK$ or RMB have been, could            
    have been, or may be converted, at these or such other rates.             
                                                                              
    By order of the board                                                     
    MACRO-LINK International Holdings Limited                                 
    Fu Kwan                                                                   
    Chairman                                                                  
                                                                              
    Hong Kong, 23rd February, 2005