08:50     EEG<08078> - 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                 
    howsoever arising from or in reliance upon the whole or any               
    part of the contents of this announcement.                                
                                                                              
    Emperor Entertainment Group Limited                                       
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 8078)                                                        
                                                                              
    CONNECTED TRANSACTION                                                     
                                                                              
    The Directors are pleased to announce that GPP, an indirect               
    wholly-owned subsidiary of the Company, entered into the                  
    Acquisition Agreement with JCE on 7 March 2005 pursuant to                
    which GPP agreed to acquire and JCE agreed to sell in                     
    perpetuity the sole and exclusive rights of distribution and              
    exploitation in the motion picture, "New Police Story", of                
    which JCE is the producer, in the Territory at a cash                     
    consideration of US$1.7 million (equivalent to approximately              
    HK$13,260,000). JCE is ultimately owned as to (a) 50% by the              
    AY Trust, of which Mr. Albert Yeung is the founder; (b) 2.475%            
    by Mr. Jackie Chan, who was a former director of the Company              
    (ceased to be a director since 19 July 2004); (c) 22.5% by                
    Mr. Chan Chi Ping who is the father of Mr. Jackie Chan; and               
    (d) 25.025% by other independent third parties (as defined                
    in the GEM Listing Rules). Since the AY Trust is also                     
    interested in 78.08% of the issued share capital of the                   
    Company, the Acquisition constitutes a connected transaction              
    for the Company under the GEM Listing Rules.                              
                                                                              
    By Order of the Board                                                     
    Emperor Entertainment Group Limited                                       
    Luk Siu Man Semon                                                         
    Chairperson                                                               
                                                                              
    Hong Kong, 9 March 2005                                                   
                                                                              
    As at the date hereof, the Board comprised Ms. Luk Siu Man                
    Semon (Chairperson and Non-executive Director);                           
    Mr. Ng Sui Wan alias Ng Yu (Chief Executive Officer and                   
    Executive Director); Mr. Wong Chi Fai and                                 
    Ms Fan Man Seung Vanessa (Executive Directors); Mr. So                    
    Shu Fai (Non-executive Director); Mr. Wong Ching Yue, Mr. Chu             
    Kar Wing and Mr. Wong Tak Ming Gary (Independent                          
    Non-executive Directors).                                                 
                                                                              
    This announcement, for which the directors of the Company                 
    collectively and individually accept full responsibility,                 
    includes particulars given in compliance with the GEM Listing             
    Rules for the purpose of giving information with regard to                
    the Company. The directors of the Company, having made all                
    reasonable enquiries, confirm that, to the best of their                  
    knowledge and belief (i) the information contained in this                
    announcement is accurate and complete in all material                     
    respects and not misleading; (ii) there are no other matters              
    the omission of which would make any statement in this                    
    announcement misleading; and (iii) all opinion expressed in               
    this announcement have been arrived at after due and careful              
    consideration and are founded on bases and assumptions that               
    are fair and reasonable.                                                  
                                                                              
    This announcement will remain on the GEM website at                       
    www.hkgem.com on the "Latest Company Announcements" page for              
    seven days from the day of its posting.