09:55     PAK FAH YEOW<00239> - Announcement (2)                              

    (1)   an initial deposit of HK$1,900,000 has been paid                    
    by the Purchaser to the Vendor's solicitors as                            
    stakeholder upon signing of the Agreement;                                
                                                                              
    (2)   a further deposit of HK$2,015,640 will be                           
    payable to the Vendor's solicitors as stakeholder upon                    
    signing of a formal agreement for the sale and purchase                   
    of the Property on or before 16th March, 2005; and                        
                                                                              
    (3)   the balance of the consideration of                                 
    HK$35,240,760 will be payable upon completion of the                      
    sale and purchase of the Property on or before 28th                       
    April, 2005.                                                              
                                                                              
    Condition                                                                 
    Completion of the sale and purchase of the Property                       
    is conditional upon compliance by the Purchaser and                       
    its holding company with all relevant laws and                            
    regulations, including but not limited to the Listing                     
    Rules. If any of such laws and regulations are not                        
    complied with by the Purchaser or its holding company                     
    on or before 16th March, 2005 (or such later date as                      
    the Vendor and the Purchaser may agree), the Agreement                    
    and the sale and purchase of the Property thereunder                      
    shall become null and void and have no further effect                     
    and the deposit and all other monies paid under the                       
    Agreement shall forthwith upon demand by the Purchaser                    
    be refunded by the Vendor to the Purchaser, but without                   
    any interest cost or compensation and neither the                         
    Vendor nor the Purchaser shall have any other claim                       
    against each other. The condition may be waived by                        
    the Purchaser in writing.                                                 
                                                                              
    REASONS FOR AND BENEFITS OF THE ACQUISITION                               
    It is the intention of the Group to acquire the                           
    Property for self-use. After completion, the Property                     
    is intended to be used as the Group's principal place                     
    of business in Hong Kong which will provide a more                        
    spacious meeting area and office for smooth and                           
    efficient operation of the Group.                                         
                                                                              
    The Acquisition will be funded by a combination of                        
    approximately 30 per cent. from internal resources                        
    of the Group and approximately 70 per cent. from bank                     
    financing. The Directors believe that the terms of                        
    the Acquisition are fair and reasonable and in the                        
    interests of the shareholders and the Company as a                        
    whole.                                                                    
                                                                              
    INFORMATION ON THE GROUP                                                  
    The principal business activities of the Group are                        
    manufacturing and sales of Hoe Hin Brand of products,                     
    other healthcare goods and property investment.                           
                                                                              
    GENERAL                                                                   
    To the best of the knowledge, information and belief                      
    of the Directors and having made all reasonable                           
    enquiries, each of the Vendor and its ultimate                            
    beneficial owners is an Independent Third Party. The                      
    solicitors of the Vendor have informed that the                           
    principal business of the Vendor was trading business.                    
                                                                              
    The transaction contemplated under the Agreement                          
    constitutes a discloseable transaction of the Company                     
    under the Listing Rules and the Acquisition is                            
    required to be disclosed by way of this announcement.                     
                                                                              
    A circular containing, inter alia, details of the                         
    Acquisition will be sent to the shareholders of the                       
    Company in accordance with the requirements under the                     
    Listing Rules as soon as practicable.                                     
                                                                              
    DEFINITIONS                                                               
    In this announcement, the following expressions have                      
    the meanings set out below unless the context requires                    
    otherwise:                                                                
                                                                              
    "Acquisition"   the acquisition of the Property                           
    pursuant to the Agreement by the Purchaser from the                       
    Vendor selling as confirmor;                                              
                                                                              
    "Agreement"   the preliminary agreement dated 4th                         
    March 2005 entered into between the Vendor and the                        
    Purchaser for the sale and purchase of the Property;                      
                                                                              
    "Directors"   the directors of the Company;                               
                                                                              
    "Group"   the Company and its subsidiaries;