09:37     SUNNY GLOBAL<01094>-Announcement & Resumption of Trading(4)         

    `Fortress Ocean'               Fortress Ocean Limited, a                  
                                   company incorporated in the                
                                   British Virgin Islands with                
                                   limited liability and a                    
                                   wholly-owned subsidiary of                 
                                   the Company                                
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `HK$'                          Hong Kong dollar, the lawful               
                                   currency of Hong Kong                      
    `Hong Kong'                    the Hong Kong Special                      
                                   Administrative Region of the               
                                   People's Republic of China                 
    `Huayi'                        Huayi Footwear Co., Ltd.                   
                                   Jinjiang , a wholly                        
                                   foreign-owned enterprise                   
                                   established in the PRC and                 
                                   the sole subsidiary of Kaitai              
                                   United                                     
    `Jade Paradise'                Jade Paradise Limited, a                   
                                   company incorporated in the                
                                   British Virgin Islands, being              
                                   an independent third party                 
                                   and not a connected person of              
                                   the Company (as defined in                 
                                   the Listing Rules)                         
    `Kaitai United'                Kaitai United Company                      
                                   Limited, a company                         
                                   incorporated in the British                
                                   Virgin Islands with limited                
                                   liability which holds the                  
                                   entire shareholding interests              
                                   in Huayi                                   
    `Kaitai United Group'          Kaitai United and Huayi                    
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `PRC'                          the People's Republic of                   
                                   China (for the purpose of                  
                                   this announcement, excludes                
                                   Hong Kong, the Macau Special               
                                   Administrative Region and                  
                                   Taiwan)                                    
    `RMB'                          Renminbi, the lawful currency              
                                   of the PRC                                 
    `Sale Debt'                    the amount of HK$4,892,087,                
                                   being all the outstanding                  
                                   loans due from Kaitai United               
                                   to Fortress Ocean as at the                
                                   date of the Agreement and as               
                                   at completion of the Disposal              
    `Sale Shares'                  1,116,044 shares of US$1.00                
                                   each in the capital of Kaitai              
                                   United, representing the                   
                                   entire issued share capital                
                                   of Kaitai United                           
    `SGM'                          the special general meeting                
                                   of the Company to be convened              
                                   to consider, among other                   
                                   things, the Disposal and any               
                                   transactions contemplated                  
                                   thereunder                                 
    `Shareholders'                 the holders of shares of the               
                                   Company                                    
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `US$'                          United States dollar, the                  
                                   lawful currency of the United              
                                   States of                                  
                                   America                                    
                                                                              
                                                                              
                                                                              
    In this announcement, the exchange rate of HK$1.00 to RMB1.065 is         
    used. Such conversion should not be construed as a representation         
    that the amount in question has been, could have been or could be         
    converted at any particular rate or at all.                               
                                                                              
                                                                              
    By Order of the Board of                                                  
    Sunny Global Holdings Limited                                             
    Lee Man Fa                                                                
    Chairman                                                                  
                                                                              
    Hong Kong, 31 March 2005                                                  
                                                                              
    As at the date of this announcement, Messrs. Lee Man Fa, Lin Huis         
    Sheng, Kwok Ming Fai and Tai King Foon are the executive Directors        
    and Messrs. Leung Sai Cheong, Li Wai Kwan and Liu Kwok Wah are the        
    independent non-executive Directors.                                      
                                                                              
    * For identification purpose only