09:48     FOREFRONT INT'L<00885> - 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.                   
                                                                              
    FOREFRONT INTERNATIONAL HOLDINGS LIMITED                                  
    (incorporated in the Cayman Islands with limited liability)               
    (the "Company")                                                           
    (Stock code: 0885)                                                        
                                                                              
    CHANGE OF AUDITORS                                                        
                                                                              
    The Board announces that PwC resigned as auditors of the Company with     
    effect from 28 January 2005. The Board further announces that MRM were    
    appointed auditors of the Company to fill the casual vacancy following    
    the resignation of PwC until the conclusion of the next annual general    
    meeting of the Company.                                                   
                                                                              
    The board of directors of the Company (the "Board") announces that        
    Messrs. PricewaterhouseCoopers ("PwC") resigned as auditors of the        
    Company with effect from 28 January 2005, as the Company and PwC could    
    not reach an agreement on the audit fees for the financial year ended 31  
     December 2004.                                                           
                                                                              
    PwC have not highlighted any circumstances connected with their           
    resignation which they consider should be brought to the attention of     
    the members or creditors of the Company or its subsidiaries, as they are  
     of the opinion that they are not required to do so under the relevant    
    laws of the Cayman Islands. The Board confirms 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 change in auditors is not expected to delay the publication of        
    results for the year ended 31 December 2004. In the event the Company     
    becomes aware of any information that will cause any delay in announcing  
     the results then a further announcement will be made.                    
                                                                              
    The Board further announces that on 22 February 2005, Messrs. Moores      
    Rowland Mazars ("MRM") were appointed auditors of the Company to fill     
    the casual vacancy following the resignation of PwC until the conclusion  
     of the next annual general meeting of the Company. PwC has not           
    commenced any audit work for the year ended 31 December 2004. MRM are     
    working on it.                                                            
                                                                              
    As at the date hereof, the Board comprises Mr. Kelvin Edward Flynn as     
    sole executive director, Mr. Paul Gerard Davies and Mr. Cosimo Borrelli   
    as non-executive directors, and Mr. Lau Siu Ki, Kevin, Mr. Cheong Ying    
    Chew, Henry and Mr. Alistair Macleod as independent non-executive         
    directors.                                                                
                                                                              
    By order of the Board                                                     
    Lai Yick Fung                                                             
    Company Secretary                                                         
                                                                              
    Hong Kong, 24 March 2005