08:58     CO-WINNER<08108> - Announcement & Resumption of Trading             

                                                                              
    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.                   
                                                                              
    CO-WINNER ENTERPRISE LIMITED                                              
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 8108)                                                        
                                                                              
    PLACING OF EXISTING SHARES                                                
    BY A SUBSTANTIAL SHAREHOLDER TO INDEPENDENT INVESTORS                     
                                                                              
    The Company has been informed by GARRON, one of the substantial           
    shareholders of the Company as defined by the GEM Listing Rules, that     
    the Placing Agreement has been concluded and all 27,671,510 Shares held   
    by GARRON has been placed to independent investors at the Placing Price   
    of HK$0.06 per Placing Share. The Placing Shares represent approximately  
    23.36% of the existing issued share capital of the Company as at 29       
    March 2005. After the Placing, GARRON will cease to have any interests    
    in the share capital of the Company.                                      
                                                                              
    At the request of the Company, trading in the Shares on the Stock         
    Exchange was suspended with effect from 9:30 a.m. on 30 March, 2005       
    pending the release of this announcement. Application has been made by    
    the Company for the resumption of trading in the Shares on the Stock      
    Exchange with effect from 9:30 a.m. on 31 March, 2005.                    
                                                                              
    By the order of the Board                                                 
    Co-winner Enterprise Limited                                              
    TAI Chi-ching                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 30 March 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises of executive     
    directors, Mr. Tai Chi Ching and Mr. Zhao Ming, non-executive director,   
    Ms. Kwong Wai Man, Karina and independent non-executive directors, Mr.    
    Chen Pei, Ms. Ma Lee and Mr. Peng Feng.                                   
                                                                              
    This announcement, for which the directors of the Company collectively    
    and individually accept full responsibility, particulars given in         
    compliance with the Growth Enterprise Market ("GEM") Listing Rules for    
    the purpose of giving information with regard to the Company. The         
    directors having made all reasonable enquires, confirm that, to the best  
    of their knowledge and belief: (1) the information contained in this      
    announcement is accurate and complete in all material respects and not    
    misleading; (2) there are no other matters the omission of which would    
    make any statement in this announcement misleading; and (3) all opinions  
    expressed in this announcement have been arrived at after due and         
    careful consideration and are founded on bases and assumptions that are   
    fair and reasonable.                                                      
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcements" page on  
    the GEM website of http://www.hkgem.com.