08:59     DESON DEV INT'L<00262> - Announcement                               

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    Deson Development International Holdings Limited                          
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 262)                                                         
                                                                              
    CHANGE OF AUDITORS                                                        
                                                                              
    The Board announces that E&Y have resigned as auditors of the             
    Group with effect from 24 March 2005. DTT will be appointed,              
    subject to the internal clearance of DTT, to fill the causal              
    vacancy following the resignation of E&Y and to hold office until         
    the conclusion of the next annual general meeting of the Company.         
                                                                              
    The board of directors (the "Board") of Deson Development                 
    International Holdings Limited (the "Company") announces that             
    Messrs. Ernst & Young ("E&Y") have resigned as auditors of the            
    Company and its subsidiaries (the "Group") with effect from 24            
    March 2005, as the Company and E&Y could not reach an agreement           
    on the audit fee for the financial year ending 31 March 2005.             
                                                                              
    E&Y have confirmed in its notice of resignation that there are            
    no circumstances connected with their resignation which should            
    be brought to the attention of the shareholders or creditors              
    of the Group. The Board also confirmed that there are no                  
    circumstances in respect of the change of auditors which they             
    consider should be brought to the attention of the shareholders           
    of the Company.                                                           
                                                                              
    The Board further announces that Deloitte Touche Tohmatsu ("DTT")         
    is proposed to be appointed, subject to internal clearance of             
    DTT, as auditors of the Company to fill the causal vacancy                
    following the resignation of E&Y and to hold office until the             
    conclusion of the next annual general meeting of the Company.             
                                                                              
    The Board confirms that the resignation of E&Y is not expected            
    to cause a delay in the publication of the financial results              
    of the Group for the year ending 31 March 2005 and that E&Y has           
    not commenced any audit work in relation to the financial results         
    of the Group for the year ending 31 March 2005.                           
                                                                              
    A further announcement will be made by the Company upon the               
    appointment of DTT as the auditors of the Group to fill the casual        
    vacancy following the resignation of E&Y.                                 
                                                                              
                                                                              
    By Order of the Board                                                     
    Deson Development International Holdings Limited                          
    Tjia Boen Sien                                                            
    Managing Director and Deputy Chairman                                     
    Hong Kong, 24 March 2005                                                  
                                                                              
    As at the date of this announcement, the executive directors              
    of the Company are Mr. Wang Ke Duan, Mr. Tjia Boen Sien, Mr.              
    Wang Jing Ning, Mr. Keung Kwok Cheung and Mr. Kong Kwok Fai and           
    the independent non-executive directors of the Company are Dr.            
    Ho Chung Tai, Raymond, Mr. Siu Man Po, Ms. Wong Sin Yee and Mr.           
    Wong Shing Kay, Oliver.                                                   
                                                                              
    *       for identification only