09:17     TOPSEARCH INT'L<02323>-Announcement&Resumption of Trading(5)        

    "Mr. Cheok"        Mr. Cheok Ho Fung, the Chairman, Chief Executive       
    Officer and a controlling shareholder of the Company                      
                                                                              
    "Placing Agent"        Sun Hung Kai International Limited, a deemed       
    licensed corporation registered under the Securities and Futures          
    Ordinance (Cap. 571 of the Laws of Hong Kong)                             
                                                                              
    "Placing Agreement"        the placing agreement between Inni and the     
    Placing Agent dated 24 February 2005 for the Placing                      
                                                                              
    "Placing Price"        the placing price of HK$0.90 per Placing Share     
                                                                              
    "Placing Shares"        up to 70,000,000 existing Shares beneficially     
    owned by Inni and to be placed to the placees pursuant to the Placing     
    Agreement                                                                 
                                                                              
    "Placing"        the placing of the Placing Shares beneficially owned by  
    Inni to the placees pursuant to the Placing Agreement                     
                                                                              
    "SFC"        the Securities and Futures Commission of Hong Kong           
                                                                              
    "Shares"        ordinary shares of HK$0.10 each in the share capital of   
    the Company                                                               
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Subscription         the subscription agreement between the Company and  
    Inni dated 24                                                             
      Agreement"        February 2005 for the Subscription                    
                                                                              
    "Subscription Price"        the subscription price of HK$0.90 per         
    Subscription Share                                                        
                                                                              
    "Subscription Shares"        such number of new Shares equal to the       
    number of Placing Shares successfully placed under the Placing and which  
    are to be subscribed by Inni pursuant to the Subscription Agreement       
                                                                              
    "Subscription"        the subscription for the Subscription Shares at     
    the Subscription Price                                                    
                                                                              
    On behalf of the Board                                                    
    Cheok Ho Fung                                                             
    Chairman and chief executive officer                                      
                                                                              
    Hong Kong, 25 February 2005                                               
                                                                              
    As at the date of this announcement, the Board comprises Mr. Cheok Ho     
    Fung, Mr. Ng Chi Shing, Mr. Wong Shui Hing and Mr. Ting Sui Ping being    
    the Executive Directors, Mr. Kwok Chi Kwong, Danny, Mr. Tang Yok Lam,     
    Andy and Mr. Ng Kwok Ying, Alvin being the Non-Executive Directors and    
    Mr. Leung Shu Kin, Alfred and Mr. Wong Wing Kee being the Independent     
    Non-executive Directors.