09:14     FORTUNA INT'L<00530>-Announcement & Resumption of Trading(3)        

    If the conditions are not fulfilled, the Company will not                 
    proceed to Completion and the Vendor shall return the deposit             
    of HK$1,000,000 paid under the Agreement to the Purchaser.                
    As such, the Directors consider that the interests of the                 
    Company is legally protected by the Agreement. The Directors              
    consider that there will be no material impact on the                     
    financial status of the Company if the Acquisition is not                 
    proceeded.                                                                
                                                                              
    The Company has not approached Mr. Fok Kin Man for the time               
    being, as the Company considers that it is more appropriate               
    at this moment to obtain a Macau legal opinion for the purpose            
    of substantiating the Target Company's rights to use, occupy              
    and manage the Hotel. The Company considers that unless there             
    is legal documentation produced to the Company which                      
    supports Mr. Fok Kin Man's allegations, the Company will not              
    take any further actions to respond to Mr. Fok Kin Man's                  
    claims.                                                                   
                                                                              
    Unusual price movement and trading volume                                 
    The Directors have noted the decrease in the price and                    
    increase in the trading volume of the Shares on 21st February             
    2005, the last trading day pending the release of this                    
    announcement.                                                             
                                                                              
    Save as disclosed in this announcement and the Announcement,              
    the Directors are not aware of any reasons for such decrease              
    in the price and increase in the trading volume and the                   
    Directors confirm that there are no negotiations or                       
    agreements relating to intended acquisitions or                           
    realisations which are discloseable under rule 13.23 of the               
    Listing Rules. The board of Directors is also not aware of                
    any matter discloseable under the general obligation imposed              
    by rule 13.09 of the Listing Rules, which is or may be of                 
    a price-sensitive nature.                                                 
                                                                              
    Suspension of trading of Shares                                           
    Trading in the Shares on the Stock Exchange was suspended                 
    with effect from 9:30 a.m. on 22nd February 2005 pending the              
    release of this announcement. Application has been made by                
    the Company for the resumption of trading of the Shares on                
    the Stock Exchange with effect from 9:30 a.m. on 3rd March                
    2005.                                                                     
                                                                              
    As at the date of this announcement, Mr. Kwok Ying Chuen and              
    Mr. Yu Won Kong, Dennis are the executive Directors; Mr. Li               
    Siu Lok, Albert is the non-executive Director; Mr. Tso Hon                
    Sai, Bosco, Mr. Kwok Chi Sun, Vincent and Mr. Cheng Wing Keung,           
    Raymond are the independent non-executive Directors.                      
                                                                              
    By order of the board of                                                  
    Fortuna International Holdings Limited                                    
    Kwok Ying Chuen                                                           
    Director                                                                  
                                                                              
    Hong Kong, 2nd March 2005                                                 
                                                                              
    *  For identification purpose only