09:50     HOP HING HOLD<00047> - Announcement (2)                             

    (b)     the duly completed and signed subscription                        
    form(s); and                                                              
                                                                              
    (c)     the relevant subscription monies.                                 
                                                                              
    3.      Holders of the 2005 Warrants who have not                         
    registered the 2005 Warrants in their names and who                       
    wish to exercise in whole or in part any of the                           
    subscription rights attaching thereto must lodge with                     
    the Registrar at Rooms 1712-1716, 17th Floor,                             
    Hopewell Centre, 183 Queen's Road East, Wanchai, Hong                     
    Kong the following by no later than 4:00 p.m. on                          
    Saturday, 30 April 2005:                                                  
                                                                              
    (a)     the relevant duly executed and stamped                            
    instrument(s) of transfer(s) and/or other document(s)                     
    of title;                                                                 
                                                                              
    (b)     the relevant certificate(s) of the 2005                           
    Warrants;                                                                 
                                                                              
    (c)     the duly completed and signed subscription                        
    form(s); and                                                              
                                                                              
    (d)     the relevant subscription monies.                                 
                                                                              
    Under the terms of the Instrument, the Company has                        
    28 days from the day of exercise of the subscription                      
    rights attaching to the 2005 Warrants within which                        
    to issue the relevant new Shares. Subscription forms                      
    and the relevant accompanying documentation which are                     
    lodged with the Registrar later than 4:00 p.m. on                         
    Saturday, 30 April 2005 will not be accepted.                             
                                                                              
    The closing prices of the Shares and the 2005 Warrants                    
    quoted on the Stock Exchange on 31 March 2005 (being                      
    the date of this announcement) were HK$0.365 per Share                    
    and HK$0.05 per 2005 Warrant, respectively. Shares                        
    to be issued pursuant to the exercise of the                              
    subscription rights attaching to the 2005 Warrants                        
    will, when issued, rank pari passu in all respects                        
    with the then existing issued Shares.                                     
                                                                              
    A circular relating to the above will be despatched                       
    to the holders of 2005 Warrants and, for information                      
    only, to the holders of Shares as soon as practicable.                    
                                                                              
    Holders of the 2005 Warrants, who are in doubt as to                      
    their position or to the actions to be taken should                       
    consult their stockbroker or other registered dealer                      
    in securities, bank manager, solicitor, professional                      
    accountant or other professional advisers.                                
                                                                              
    By Order of the board of directors of                                     
    Hop Hing Holdings Limited                                                 
    Wong Kwok Ying                                                            
    Company Secretary                                                         
                                                                              
    Hong Kong, 31 March 2005                                                  
                                                                              
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr. Chan Sai On, David,                      
    Mr. Wong Kwok Ying and Ms. Lam Fung Ming, Tammy. The                      
    non-executive directors of the Company are Mr. Hung                       
    Hak Hip, Ms. Hung Chiu Yee and Mr. Lee Pak Wing. The                      
    independent non-executive directors of the Company                        
    are Mr. Wong Yu Hong, Philip, Mr. Sze Tsai To, Robert                     
    and Mr. Cheung Wing Yui, Edward.