09:52     HK CATERING MGT<00668> - Announcement (4)                           

    circular containing the details of the Provisional                        
    Agreement will be despatched to the shareholders of                       
    HKCM in accordance with the requirements under the                        
    Listing Rules as soon as practicable.                                     
                                                                              
    As at the date of this announcement, the Board of HKCM                    
    comprises Mr. Chan Wai Cheung, Glenn, Mr. Chan Ka Lai,                    
    Joseph, Mrs. Chan King Catherine, Mr. Shum Wing Hon,                      
    Ms. Wong Tsui Yue, Lucy and Mr. Chiu Wai as executive                     
    directors, and Mr. Cassam Soliman Gooljarry, Mrs.                         
    Fung Yeh Yi Hao, Yvette, Dr. Kwok Lok Wai, William                        
    and Mr. Chan Ip Sing, Evans (alternate to Mrs. Fung                       
    Yeh Yi Hao, Yvette) as independent non-executive                          
    directors.                                                                
                                                                              
    Definitions                                                               
                                                                              
    "associates"    as defined in the Listing Rules                           
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Completion"    completion of the Provisional                             
    Agreement which is expected to take place on or before                    
    20 May 2005                                                               
                                                                              
    "Consideration" HK$39,000,000, being the cash                             
    consideration for the sale of the Property under the                      
    Provisional Agreement                                                     
                                                                              
    "Director(s)"   director(s) of HKCM                                       
                                                                              
    "Disposal"      the disposal of the Property by the Vendor                
    to the Purchaser pursuant to the Provisional                              
    Agreement                                                                 
                                                                              
    "Group" HKCM and its subsidiaries                                         
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the People's Republic of China                                  
                                                                              
    "HKCM"  Hong Kong Catering Management Limited, a                          
    company incorporated in Hong Kong with limited                            
    liability and the shares of which are listed on the                       
    Stock Exchange                                                            
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "Property"      Shops. No.32 (with washrooms and grease                   
    traproom) and No.33 of Unit 1 on Level (site 1) 36                        
    of Commercial Development Sceneway Garden, No.8                           
    Sceneway Road, Kowloon                                                    
                                                                              
    "Provisional Agreement" the provisional agreement                         
    for sale and purchase dated 4 March 2005 entered into                     
    between the Vendor and the Purchaser in respect of                        
    the Disposal                                                              
                                                                              
    "Purchaser"     Fu Lam Finance Co. Ltd., a company                        
    beneficially owned by independent third party who,                        
    together with its ultimate beneficial owners, are not                     
    connected with any of the directors, substantial                          
    shareholders or chief executive of HKCM or any of its                     
    subsidiaries or any of their respective associates                        
                                                                              
    "SUL" or "Vendor"       Sincere United Limited, a                         
    company incorporated in Hong Kong with limited                            
    liability and an indirect wholly-owned subsidiary of                      
    HKCM                                                                      
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "Tenancy Agreement"     A tenancy agreement to be