09:41     MACAU SUCCESS<00487> - Announcement & Resumption (7)                

    "Group"        the Company and its subsidiaries                           
                                                                              
    "Guarantee"        the guarantee to be executed by the Guarantors in      
    favour of the Lender as security for the Loan Facility                    
                                                                              
    "Guarantors"        Mr. Yeung and Mr. Chan                                
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    PRC                                                                       
                                                                              
    "Independent Board Committee"        an independent committee of the      
    Board to be established for the purpose of advising the Independent       
    Shareholders in connection with the Loan Agreement and the Option Deed    
    and the respective transactions contemplated thereunder                   
                                                                              
    "Independent Shareholders"        the Shareholders other than Mr. Yeung   
    and Mr. Chan and their respective associates                              
                                                                              
    "Independent Third Party(ies)"        a person(s) or company(ies) which   
    is/are not connected with the Directors, chief executive, substantial     
    shareholders (as defined in the Listing Rules) of the Company or any of   
    their respective associates                                               
                                                                              
    "King Seiner Palace"        a hall providing gambling activities located  
    in Macau Pharaoh Hotel (formerly known as The Landmark Hotel), Macau      
                                                                              
    "Lender"        Joyspirit Investments Limited, a company incorporated in  
    the British Virgin Islands with limited liability and an indirect         
    wholly-owned subsidiary of the Company                                    
                                                                              
    "Listing Rules"        the Rules Governing the Listing of Securities on   
    the Stock Exchange                                                        
                                                                              
    "Loan"        the principal amount to be drawn and for the time being     
    outstanding under the Loan Facility                                       
                                                                              
    "Loan Agreement"        the loan agreement dated 7 March 2005 entered     
    into between the Lender and the Borrower in relation to the grant of the  
    Loan Facility                                                             
                                                                              
    "Loan Facility"        the loan facility of HK$50 million to be made      
    available by the Lender to the Borrower in accordance with terms and      
    conditions of the Loan Agreement                                          
                                                                              
    "Macau"        the Macau Special Administrative Region of the PRC         
                                                                              
    "Mr. Chan"        Mr. Chan Hon Keung is beneficially interested in        
    approximately 15.43% of issued share capital of the Company and 24% of    
    the share capital of the Borrower as at the date of this announcement     
                                                                              
    "Mr. Yeung"        Mr. Yeung Hoi Sing, Sonny, an executive Director, is   
    beneficially interested in approximately 36.01% of issued share capital   
    of the Company and 56% of the share capital of the Borrower as at the     
    date of this announcement                                                 
                                                                              
    "Option"        the option to require the allotment and issue by the      
    Borrower of the Option Interest to the Lender or its nominee at the       
    Option Price upon and subject to the terms and conditions of the Option   
    Deed                                                                      
                                                                              
    "Option Deed"        the deed of option dated 7 March 2005 entered into   
    between the Lender and the Borrower in relation to the grant of the       
    Option by the Borrower to the Lender                                      
                                                                              
    "Option Interest"        one share representing 20% of the enlarged       
    share capital of the Borrower as at the date of the completion of the     
    allotment and issue of the Option Interest                                
                                                                              
    "Option Price"        the price of exercising the Option by the Lender    
                                                                              
    "PRC"        the People's Republic of China                               
                                                                              
    "Profits"        net profits of the Borrower before all interest          
    payments on the Loan for the latest financial year of the Borrower as     
    shown as in the audited accounts of the Borrower                          
                                                                              
    "Secured Indebtedness"        the Loan and all outstanding interest       
    accrued thereon and all other fees and money due and payable by the       
    Borrower from time to time in respect of the Loan Facility, and all       
    other moneys which may from time to time be due and owing by the          
    Borrower, the Guarantors and/or such other persons as the Borrower may    
    agree with the Lender whether under the Loan Agreement or otherwise       
                                                                              
    "SGM"        a special general meeting of the Company to be convened and