10:41     HKC INT'L HOLD<00248>-Announcement&Resumption of Trading(4)         

    "Completion"   completion of the Acquisition in                           
    accordance with the Provisional Agreement or, when                        
    subsequently entered into, the Formal Agreement                           
                                                                              
    "Directors"   the directors of the Company                                
                                                                              
    "Formal Agreement"   the formal agreement for sale                        
    and purchase for the Acquisition to be entered into                       
    between the Vendor as vendor and Generalvestor as                         
    purchaser                                                                 
                                                                              
    "Generalvestor"   Generalvestor (H.K.) Limited, a                         
    company incorporated in Hong Kong and a wholly owned                      
    subsidiary of the Company                                                 
                                                                              
    "Group"   the Company and its subsidiaries from time                      
    to time                                                                   
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative                        
    Region of the People's Republic of China                                  
                                                                              
    "Independent Shareholders"   Shareholders other than                      
    the Vendor and its associates                                             
                                                                              
    "Independent Third Party"   party who is (i) not a                        
    connected person of the Company and (ii) independent                      
    of and not connected with any of the directors, chief                     
    executive and substantial shareholders of the Company                     
    or any of its subsidiaries, or any of their respective                    
    associates                                                                
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "Major Shareholders"   collectively:                                      
                                                                              
    (a)   Matrix World Group Limited, an intermediate                         
    holding company of a trust founded by Mr Chan Chung                       
    Yee, Hubert, an executive Director, whose                                 
    beneficiaries are the family members of Mr Chan Chung                     
    Yee, Hubert, which directly and beneficially owns                         
    220,691,727 shares of the Company, representing                           
    approximately 47.90% of the issued share capital of                       
    the Company; and                                                          
                                                                              
    (b)   Star Global International Limited, an                               
    intermediate holding company of a trust founded by                        
    Mr Chan Chung Yin, Roy, an executive Director and the                     
    brother of Mr Chan Chung Yee, Hubert, whose                               
    beneficiaries are the family members of Mr Chan Chung                     
    Yin, Roy, which directly and beneficially owns                            
    68,417,400 shares of the Company, representing                            
    approximately 14.85% of the issued share capital of                       
    the Company.                                                              
                                                                              
    "Property"   the 11th Floor, AXA Centre, 151                              
    Gloucester Road, Hong Kong                                                
                                                                              
    "Provisional Agreement"   the provisional agreement                       
    for sale and purchase for the Acquisition entered into                    
    between the Vendor as vendor and Generalvestor as                         
    purchaser on 8 March 2005                                                 
                                                                              
    "Purchase Price"   HK$65,025,000 that Generalvestor                       
    has to pay to the Vendor for the Acquisition                              
                                                                              
    "Shareholders"   the shareholders of the Company                          
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong                        
    Limited                                                                   
                                                                              
    "Vendor"   the vendor of the Property under the                           
    Acquisition                                                               
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    "%"   per cent.                                                           
                                                                              
    Hong Kong, 15 March 2005                                                  
                                                                              
    By order of the Board                                                     
    HKC International Holdings Limited                                        
    Chan Chung Yee, Hubert                                                    
    Chairman