09:37     WO KEE HONG<00720> - Announcement (6)                               

    approximately 52.85%, 1.51%, 0.30%, 0.21%, 0.65% and 2.35% of             
    the issued share capital of the Company. Ms. Kam Har YUE is the           
    mother of Mr. Richard Man Fai LEE and Mr. Jeff Man Bun LEE. Ms.           
    Siew Yit HOH is the spouse of Mr. Richard Man Fai LEE. Mr. Richard        
    Man Fai LEE and Mr. Jeff Man Bun LEE are brothers. Mr. Richard            
    Man Fai LEE and Mr. Jeff Man Bun LEE are executive Directors              
    and Ms. Kam Har YUE is a non-executive Director. Modern Orbit             
    Limited is wholly owned by Cyber Tower Inc., the trustee of The           
    WS Lee Unit Trust. 99% of the units of The WS Lee Unit Trust              
    are held by a discretionary trust of which Mr. Wing Sum LEE's             
    family members including Ms. Kam Har YUE, Mr. Richard Man Fai             
    LEE and Mr. Jeff Man Bun LEE are the beneficiaries. The remaining         
    1% of The WS Lee Unit Trust is held by Skylink International              
    Asset Corporation, a company incorporated in the British Virgin           
    Islands and owned by Ms. Kam Har YUE, Mr. Richard Man Fai LEE             
    and Mr. Jeff Man Bun LEE. Fisherman Enterprises Inc., a company           
    incorporated in the British Virgin Islands and wholly owned by            
    Mr. Jeff Man Bun LEE.                                                     
                                                                              
    A circular containing details of the Settlement, including the            
    Deed of Settlement and the Deeds of Amendment, will be dispatched         
    to Shareholders within 21 days after the date of this                     
    announcement.                                                             
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless otherwise defined, expressions used          
    herein shall have the following meanings:                                 
                                                                              
    "Announcements" the announcements made by the Company dated 30            
    November 2001, 27 March 2002, 31 May 2002 and 2 July 2002                 
    respectively, relating to, among others, the Loan Agreement;              
                                                                              
    "Conditions Precedent"  the conditions precedent set out in               
    the paragraph headed "The Settlement - The Conditions Precedent"          
    and a "Condition Precedent" shall be construed accordingly;               
                                                                              
    "Company"       WO KEE HONG (HOLDINGS) LIMITED, a company incorporated    
    in Bermuda with limited liability, the shares of which are listed         
    on the Main Board of The Stock Exchange of Hong Kong Limited;             
                                                                              
    "Controlling Shareholders"      Modern Orbit Limited, Mr. Richard         
    Man Fai LEE, Ms. Siew Yit HOH, Mr. Jeff Man Bun LEE, Fisherman            
    Enterprises Inc. and Ms. Kam Har YUE, who in aggregate are                
    interested in 1,282,912,178 shares of the Company, representing           
    approximately 57.89% of the issued share capital of the Company           
    as at the date of this announcement;                                      
                                                                              
    "Debt"  the Loan together with interest accrued thereon as at 31          
    December 2004 in the amount of US$728,638.27(equivalent to                
    approximately HK$5.7 million) under the Loan Agreement;                   
                                                                              
    "Deeds of Amendment"    Deed of Amendment A and Deed of Amendment         
    B;                                                                        
                                                                              
    "Deed of Amendment A"   the deed of amendment dated 24 February           
    2005 entered into among MHI as the chargee, Stoneycroft as the            
    chargor, WKHL and the Company in relation to Deed of Charge A;            
                                                                              
    "Deed of Amendment B"   the deed of amendment dated 24 February           
    2005 entered into among MHI as the chargee, Ever Rising as the            
    chargor, WKHL and the Company in relation to Deed of Charge B;            
                                                                              
    "Deeds of Charge"       Deed of Charge A and Deed of Charge B;