10:15 WANG ON GROUP<01222>-Announcement & Resumption of Trading(6) "Board" the board of Directors "Company" Wang On Group Limited, a company incorporated in Bermuda and the shares of which are listed on the Stock Exchange "Completion" completion of the Hanwin Acquisition pursuant to the Hanwin Acquisition Agreement "Directors" the directors of the Company "Formal Agreement" the formal agreement to be entered into by Hanwin with the Sham Shui Po Property Vendor in relation to the sale and purchase of the Sham Shui Po Property Vendor "Group" the Company and its subsidiaries "Hanwin" Hanwin Investment Limited, a company incorporated in Hong Kong and wholly and beneficially owned by Mr. Tang "Hanwin Acquisition" the sale and purchase of the entire issued share capital and shareholder's loan of Hanwin pursuant to the Hanwin Acquisition Agreement "Hanwin Acquisition Agreement" the conditional agreement dated 18 March 2004 entered into between Suitbest, Mr. Tang and Hanwin in relation to the Hanwin Acquisition "Hanwin Consideration" the consideration for the Hanwin Acquisition to be paid in the manner of payment are set out in the section headed "The Hanwin Acquisition Agreement" in this announcement "Independent Third Party" an independent third party not connected with the Company and its connected persons as defined in the Listing Rules "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Mr. Tang" Mr. Tang Ching Ho, the chairman and managing director of the Company "Provisional Agreement" the provisional agreement entered into by Hanwin with the Sham Shui Po Property Vendor on 17 March 2005 in relation to the sale and purchase of the Sham Shui Po Property "Sham Shui Po Property" a 18-storey building, amongst which 16 storeys are currently intended for sale and rental for residential purposes and 2 storeys are currently intended for sale and rental for commercial purposes, located at No. 58 Yen Chow Street, Sham Shui Po, Kowloon, Hong Kong "Sham Shui Po Property Vendor" Chueyine Co. Ltd., a company incorporated in Hong Kong "SGM" the special general meeting of the Company to be convened to approve the Hanwin Acquisition Agreement and other transactions contemplated in or incidental to the Hanwin Acquisition Agreement "Shareholders" shareholders of the Company "Stock Exchange" The Stock Exchange of Hong Kong Limited "Suitbest" Suitbest Investments Limited, a company incorporated in British Virgin Islands and a wholly-owned subsidiary of the Company "Yuen Long Consideration" the consideration for the Yuen Long Property Acquisition to be paid in the manner of payment are set out in the section headed "The Yuen Long Property Acquisition Agreement" in this announcement "Yuen Long Property" Ground Floor, No. 170 Castle Peak Road (Section A of Lot No. 3705 IN DD120) Yuen Long, New Territories "Yuen Long Property Acquisition" the acquisition of the Yuen Long Property pursuant to the Yuen Long Property Acquisition Agreement "Yuen Long Property Acquisition Agreement" the provisional agreement for sale and purchase entered into between as the Yuen Long Property Purchaser and the Yuen Long Property Vendor on 16 March 2005 relating to the Yuen Long Property Acquisition "Yuen Long Property Purchaser" Champford Investment Limited. an investment holding company incorporated in Hong Kong and an indirect