10:33     LAI FAI INT'L<08183> - Suspension of Trading                        

    At the request of Lai Fai International Holdings Limited, trading in its  
    shares has been suspended with effect from 9:30 a.m. today (4/4/2005)     
    pending the release of an announcement on price sensitive information.    
                                                                              
                                                                              
    (xvi) As at 31 December 2004, certain bank loans of the Company           
    totalling RMB80,000,000 (2003: RMB40,000,000) were guaranteed             
    by Jiangsu Mudan (note 25).                                               
                                                                              
    (xvii) As at 31 December 2004, certain bills payables of the              
    Company totalling RMB89,000,000 (2003: RMB416,364,000) were               
    guaranteed by Jiangsu Mudan (note 26).