09:22     FORTUNA INT'L<00530> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss however arising from or in              
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF 30% INTERESTS IN                                           
    NEW GRAND HOTEL COMPANY LIMITED                                           
    DELAY DESPATCH OF THE CIRCULAR                                            
                                                                              
    Reference is made to the First Announcement and Second                    
    Announcement in relation to the conditional agreement dated               
    20th January 2005 made between Ms. Lam as the Vendor and                  
    Everacme Management Limited, a subsidiary of the Company, as              
    the Purchaser, for the sale and purchase of 30% interests in              
    the Target Company. The Company has applied to the Stock                  
    Exchange for an extension of deadline for despatch of the                 
    Circular to be on or before 30th March 2005.                              
                                                                              
    Reference is made to the announcements of the Company dated               
    15th February 2005 ("First Announcement") and 2nd March 2005              
    ("Second Announcement") in relation to the conditional                    
    agreement dated 20th January 2005 made between Ms. Lam as the             
    Vendor and Everacme Management Limited, a subsidiary of the               
    Company, as the Purchaser, for the sale and purchase of 30%               
    interests in the Target Company. Terms used herein shall have             
    the same meanings as defined in the First and Second                      
    Announcements unless the context otherwise requires.                      
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, a circular                   
    ("Circular") containing information in relation to the                    
    Acquisition is required to be despatched to the Shareholders              
    within 21 days after the publication of the First Announcement.           
    However, additional time is required by the Company to finalize           
    the Macau legal opinion as stated in the Second Announcement              
    so that more detailed information regarding the Target Company            
    can be provided to the Shareholders in the Circular. The                  
    Company has applied to the Stock Exchange for a waiver from               
    the strict compliance with Rule 14.38 of the Listing Rules so             
    that the despatch of the Circular will be postponed to on or              
    before 30th March 2005.                                                   
                                                                              
    As at the date of the 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, 8th March 2005