09:32     BAKER GROUP<01190> - 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.                                        
                                                                              
    Baker Group International Holdings Limited                                
    (Formerly known as Luen Cheong Tai International Holdings Limited)        
    (Provisional Liquidators Appointed)                                       
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code :1190)                                                        
                                                                              
    CANCELLATION OF LISTING                                                   
                                                                              
    The Exchange has announced that the listing of the shares of the Company  
    will be cancelled in accordance with the Delisting Procedures with effect 
    from 9:30 a.m. on 16 March 2005 as the Company has failed to submit a     
    viable proposal for resumption by the end of the Deadline.  The Company   
    disagrees that a viable resumption proposal had not been submitted and    
    subject to funding, is currently reviewing its legal options.             
                                                                              
    The Court hearing for the winding-up of the Company is on 4 April 2005.   
    In view of the cancellation of the listing of the Company's shares, it is 
    likely the Company will be wound up on 4 April 2005.                      
                                                                              
                                                                              
    The Stock Exchange of Hong Kong Limited (the "Exchange") announced on 15  
    March 2005 that the listing of the shares of the Company will be cancelled
    with effect from 9:30 a.m. on 16 March 2005 in accordance with the        
    delisting procedures stipulated in Practice Note 17 to the Listing Rules  
    (the "Delisting Procedures").  Practice Note 17 to the Listing Rules      
    formalizes the procedures to be adopted to delist long-suspended          
    companies.                                                                
                                                                              
    Dealings in the Company's shares had been suspended since 26 August 2002. 
                                                                              
    The Company was put into the third stage of the Delisting Procedures on 5 
    February 2004.  Pursuant to the Delisting Procedures, at the end of the   
    third stage which in the case of the Company was 4 August 2004, where no  
    viable proposals had received for resumption, the listing of the Company's
    shares will be cancelled.  A resumption proposal was submitted to the     
    Exchange on 15 June 2004 but the Listing Division of the Exchange decided 
    that the resumption proposal was not a viable one.  The Company disagreed 
    with the Listing Division's decision and appealed to the Listing Committee
    and the Listing (Review) Committee of the Exchange ("Committees").  Both  
    Committees upheld the decision that the proposal was not a viable         
    resumption proposal.  Under the Listing Rules, the decision of the Listing
    (Review) Committee is conclusive and binding on the Company.  The Company 
    however disagrees that a viable resumption proposal had not been submitted
    and subject to funding, is currently reviewing its legal options.         
                                                                              
    The Court hearing for the winding-up of the Company is scheduled to be    
    held on 4 April 2005.  In view of the cancellation of the listing of the  
    Company's shares, it is likely the Company will be wound-up on 4 April    
    2005.                                                                     
                                                                              
    As limited financial resources are available to the Company, this         
    announcement is only published on the Stock Exchange's website.           
    Shareholders of the Company who have any queries about the implication of 
    the delisting should obtain their own appropriate professional advice.    
                                                                              
                                                                              
    For and on behalf of                                                      
    Baker Group International Holdings Limited                                
    (Formerly known as Luen Cheong Tai   International Holdings Limited)      
    (Provisional Liquidators Appointed)                                       
    Mr. Stephen Liu Yiu Keung                                                 
    Mr. Yeo Boon Ann                                                          
    Mr. Richard Fogerty                                                       
                                                                              
    Joint and Several Provisional Liquidators                                 
                                                                              
    Hong Kong, 15 March 2005                                                  
                                                                              
    Pursuant to an order by the Hong Kong Court dated 5 September 2002, the   
    Provisional Liquidators were appointed to the Company and the powers of   
    the Directors have been suspended since then.