09:37     WO KEE HONG<00720> - Announcement (7)                               

    "Deed of Charge A"      a deed of charge dated 28 June 2002 entered       
    into among Stoneycroft as chargor, MHI as the chargee and the             
    Company in respect of Property A;                                         
                                                                              
    "Deed of Charge B"      a deed of charge dated 28 June 2002 entered       
    into among Ever Rising as chargor, MHI as the chargee and the             
    Company in respect of Property B;                                         
                                                                              
    "Deed of Settlement"    the deed of settlement dated 24 February          
    2005 and entered into among MHI, Stoneycroft, Ever Rising, WKHL           
    and the Company in relation to the settlement of the Debt;                
                                                                              
    "Directors"     the directors, including independent                      
    non-executive directors, of the Company;                                  
                                                                              
    "Ever Rising"   Ever Rising Investments Limited, a company                
    incorporated in Hong Kong with limited liability and a wholly             
    owned subsidiary of the Company;                                          
                                                                              
    "Group" the Company together with its subsidiaries;                       
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    People's Republic of China;                                               
                                                                              
    "Independent Third      third parties who are independent of the          
    Company and not a director, chief executives and substantial              
      Parties"      shareholders of the Company and its subsidiaries          
    or their respective associates (as defined in the Listing Rules);         
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on The Stock Exchange of Hong Kong Limited;                               
                                                                              
    "Loan"  the loan for the principal amount US$17,039,689.38                
    (equivalent to approximately HK$133.0 million) lent by MHI to             
    WKHL under the Loan Agreement;                                            
                                                                              
    "Loan Agreement"        the agreement dated 28 June 2002 entered into     
    among MHI as lender, WKHL as borrower and the Company as guarantor        
    in respect of the Loan;                                                   
                                                                              
    "MHI"   Mitsubishi Heavy Industries, Ltd., a company incorporated         
    in Japan;                                                                 
                                                                              
    "Property A"    car parking spaces and Block A on 2nd Floor of Wo         
    Kee Hong Building located at No. 585-609 Castle Peak Road, Kwai           
    Chung, New Territories, Hong Kong;                                        
                                                                              
    "Property B"    Block B on the 2nd Floor of Wo Kee Hong Building          
    located at No. 585-609 Castle Peak Road, Kwai Chung, New                  
    Territories, Hong Kong;                                                   
                                                                              
    "Properties"    Property A and Property B;                                
                                                                              
    "Settlement"    the settlement of the Debt pursuant to the terms          
    of the Deed of Settlement;                                                
                                                                              
    "Settlement Amount"     the amount of US$6 million (equivalent to         
    approximately HK$46.8 million);                                           
                                                                              
    "Settlement Date(s)"    15 and 18 March 2005 or such earlier date         
    as the Company shall given MHI at one business day prior written          
    notification (as the case may be); and "Settlement Date" shall            
    be construed accordingly;                                                 
                                                                              
    "Shareholders"  holders of shares in the issued share capital             
    of the Company;                                                           
                                                                              
    "Stoneycroft"   Stoneycroft Estates Limited, a company                    
    incorporated in Hong Kong with limited liability and a wholly             
    owned subsidiary of the Company;                                          
                                                                              
    "WKHL"  Wo Kee Hong Limited, a company incorporated in Hong