10:11     VANTAGE INT'L<00015> - Announcement & Resumption (4)                

    GENERAL                                                                   
    Each of the acquisitions of the Tsuen Wan Properties and the              
    Causeway Bay Properties constitutes a major transaction                   
    under Chapter 14 of the Listing Rules and is subject to the               
    shareholders' approval in accordance with Chapter 14 of the               
    Listing Rules. However, pursuant to Rule 14.44 of the Listing             
    Rules, as no shareholder of the Company has a material                    
    interest in this transaction, no shareholder of the Company               
    is required to abstain from voting if the Company were to                 
    convene a general meeting for the approval of these                       
    transactions. In addition, a written shareholder's approval               
    has been obtained by the Company from Winhale Ltd., a                     
    substantial shareholder of the Company who as at the date                 
    of this announcement holds 490,934,400 shares in the issued               
    capital of the Company representing 52.18% of the nominal                 
    value of the securities giving the right to attend and vote               
    at that meeting to approve these transactions. Therefore,                 
    no general meeting of the Company will be convened for the                
    purpose of the acquisition of the Tsuen Wan Properties or                 
    the Causeway Bay Properties.                                              
                                                                              
    A circular containing further details of the acquisitions                 
    of the Tsuen Wan Properties and the Causeway Bay Properties,              
    including, among others, valuation reports from an                        
    independent valuer, will be despatched to the shareholders                
    of the Company as soon as practicable.                                    
                                                                              
    At the request of the Company, trading of the shares of the               
    Company has been suspended with effect from 9:30 am on 15                 
    March 2005 pending the publication of this announcement.                  
    Application has been made to the Stock Exchange for the                   
    resumption of trading of the shares in the Company with                   
    effect from 9:30 am on 16 March 2005.                                     
                                                                              
    DIRECTORS                                                                 
    As at the date of this announcement, the executive Directors              
    comprise Mr Ngai Chun Hung, Mr Yau Kwok Fai, Mr Shek Yu Ming              
    Joseph and Mr Li Chi Pong, and the independent non-executive              
    Directors comprise Professor Ko Jan Ming, Hon. Ip Kwok Him,               
    GBS, JP and Mr Fung Pui-Cheung Eugene.                                    
                                                                              
    DEFINITIONS                                                               
    "Causeway Bay Agreement"   the preliminary sale & purchase                
    agreement relating to the Causeway Bay Properties entered                 
    into between Kung Ming Tak Tong Co., Ltd. as vendor and                   
    Excelskill as purchaser on 14 March 2005                                  
                                                                              
    "Causeway Bay Properties"   No. 36 Jardine's Bazaar,                      
    Causeway Bay, Hong Kong                                                   
                                                                              
    "Company"   Vantage International (Holdings) Limited, a                   
    company incorporated in Bermuda with limited liability, the               
    shares of which are listed on the Stock Exchange                          
                                                                              
    "Director(s)"   the director(s) of the Company                            
                                                                              
    "Excelskill"   Excelskill Limited, an indirectly                          
    wholly-owned subsidiary of the Company, incorporated in Hong              
    Kong with limited liability                                               
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Hobol"   Hobol Limited, an indirectly wholly-owned                       
    subsidiary of the Company, incorporated in Hong Kong with                 
    limited liability                                                         
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region                 
    of the People's Republic of China                                         
                                                                              
    "Independent Third Party(ies)"   independent third                        
    party(ies) not connected with any of the Directors, chief                 
    executive or substantial shareholders of the Company or any               
    of its subsidiaries or their respective associates (as                    
    defined in the Listing Rules)                                             
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Tsuen Wan Agreement"   the provisional agreement for                     
    sub-sale and purchase relating to the Tsuen Wan Properties                
    entered into between Prime Sky Limited as confirmor and Hobol             
    as purchaser on 14 March 2005