09:13     GOLD PEAK<00040> - Announcement & Resumption of Trading (5)         

    industrial investment vehicle of the Company which                        
    held approximately 87.1% interest in GP Industries                        
    as at the date of this announcement. CIHL is                              
    principally engaged in the development, manufacture                       
    and marketing of electrical installation products.                        
                                                                              
    CIHL has obtained confirmation from the Singapore                         
    Stock Exchange that the Transaction is not an                             
    interested person transaction and shareholders'                           
    approval of CIHL for the Transaction has been waived.                     
                                                                              
    The Transaction constitutes a major and connected                         
    transaction for the Company under the Listing Rules                       
    and will be subject to the Independent Shareholders'                      
    approval by poll at the EGM. An EGM will be convened                      
    and held to consider and, if thought fit, to approve                      
    the Transaction. A circular containing, among other                       
    things, further details of the Transaction, the                           
    recommendation from the Independent Board Committee                       
    in relation to the Transaction, the opinion from an                       
    independent financial adviser and a notice of EGM,                        
    will be despatched to the shareholders of the Company                     
    as soon as practicable. The Purchasers and their                          
    respective associates will be required to abstain                         
    from voting at the EGM.                                                   
                                                                              
    Trading in the Shares was suspended with effect from                      
    9:30 a.m. on March 8, 2005 at the request of the Company                  
    pending release of this announcement. Application has                     
    been made to the Hong Kong Stock Exchange for                             
    resumption of trading in the Shares with effect from                      
    9:30 a.m. on March 10, 2005.                                              
                                                                              
    As at the date of this announcement, the Board                            
    consists of Mr. Victor LO Chung Wing (Chairman & Chief                    
    Executive), Mr. Andrew NG Sung On (Vice Chairman),                        
    Mr. Kevin LO Chung Ping, Mr. Paul LO Chung Wai, Mr.                       
    LEUNG Pak Chuen, Mr. Richard KU Yuk Hing, Mr. Andrew                      
    CHUANG Siu Leung, Mr. CHAU Kwok Wai and Mr. Raymond                       
    WONG Wai Kan as Executive Directors, Mr. Vincent                          
    CHEUNG Ting Kau as Non-Executive Director and Mr. John                    
    LO Siew Kiong, Mr. LUI Ming Wah and Mr. Frank CHAN                        
    Chi Chung as Independent Non-Executive Directors.                         
                                                                              
    DEFINITIONS                                                               
    "Board" the board of Directors                                            
                                                                              
    "CIHL"  CIH Limited, a company incorporated in                            
    Singapore with limited liability, the shares of which                     
    are listed on the Singapore Stock Exchange and an                         
    approximately 65.1% owned subsidiary of GP Industries                     
                                                                              
    "Company"       Gold Peak Industries (Holdings) Limited,                  
    a company incorporated in Hong Kong with limited                          
    liability, the shares of which are listed on the Hong                     
    Kong Stock Exchange                                                       
                                                                              
    "Directors"     directors of the Company                                  
                                                                              
    "Disposal"      the disposal by Tarway Two of an aggregate                
    21% interest in Gerard Corporation to the Purchasers                      
    pursuant to the Share Purchase Agreements                                 
                                                                              
    "EGM"   the extraordinary general meeting to be                           
    convened and held to consider and, if thought fit,                        
    to approve the Transaction                                                
                                                                              
    "Gerard Corporation"    Gerard Corporation Pty Ltd, a                     
    company incorporated in Australia and a 40% owned