09:44     SINO PROSPER<00766>-Announcement & Resumption of Trading (5)        

    Save as disclosed in the announcements of the Company dated 19 November   
    2004 regarding the memorandum of understanding for cooperation with       
    independent third party for liquefied natural gas business, 3 January     
    2005 regarding possible cooperation opportunity for a hotel project in    
    Macau, 27 January 2005 regarding the use of proceeds from the placing of  
    the shares of the Company, 14 February 2005 regarding the negotiation     
    with an independent third party for the development of a economic zone    
    in Mongolia, 9 March 2005 regarding the memorandum of understanding for   
    cooperation with Indocarbon for the bitumen extraction project and that   
    the Company is negotiating with a business partner in the PRC which is    
    an independent third party for a possible cooperation, the Directors      
    confirm that there are no negotiations or agreements relating to          
    intended acquisitions or realizations which are discloseable under Rule   
    13.23 of the Listing Rules. Regarding the announcement of the Company     
    dated 19 November 2004, the Group has yet to receive the information      
    from Sino Cheer for the commencement of due diligence work as at the      
    date hereof. Regarding the announcement of the Company dated 3 January    
    2005, the Group is still in negotiation with the independent third party  
    in relation to the terms of the hotel project in Macau. Regarding the     
    announcement of the Company dated 27 January 2005, save as approximately  
    HK$3 million working capital have been used as administration expenses,   
    none of the proceeds from the placing of the new shares of the Company    
    has been used. Regarding the announcement of the Company dated 14         
    February 2005, the Group is still in negotiation with the independent     
    third party in relation to the terms of the acquisition. Further          
    announcements will be made by the Company pursuant to the Listing Rules   
    regarding the above. The Directors are not aware of any matter            
    discloseable under the general obligation imposed by rule 13.09 of the    
    Listing Rules, which is or may be of a price-sensitive nature. This       
    statement is made by the order of the Board of the Company, the           
    Directors of which individually and jointly accept responsibility for     
    the accuracy of this statement.                                           
                                                                              
    At the request of the Company, trading in the shares of the Company was   
    suspended with effect from 9:30 a.m. on 18 March 2005 pending for the     
    issuance of this announcement. Application has been made to the Stock     
    Exchange for the resumption of trading in the shares of the Company with  
    effect from 9:30 a.m. on 23 March 2005.                                   
                                                                              
    By Order of the Board                                                     
    Sino Prosper Holdings Limited                                             
    Yeung Kit                                                                 
    Director                                                                  
                                                                              
    Hong Kong, 22 March 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises Mr. Leung Ngai   
    Man, Mr. Yeung Kit and Mr. Wong Wa Tak as executive Directors and Mr.     
    Chan Sing Fai, Mr. Cai Wei Lun and Mr. Leung Wai Cheung as independent    
    non-executive Directors.