09:16     LAI FAI INT'L<08183> - Announcement (2)                             

                                                                              
    careful consideration and are founded on bases and assumptions that are   
    fair and reasonable.                                                      
                                                                              
    The sole director of the Offeror accepts full responsibility for the      
    accuracy of the information contained in this announcement concerning     
    the Offeror and its shareholder and related parties (other than the       
    Group) and confirm, having made all reasonable enquiries, that to the     
    best of his knowledge, opinions expressed in this announcement            
    concerning the Offeror and its shareholder and related parties (other     
    than the Group) have been arrived at after due and careful consideration  
    and there are no other facts not contained in this announcement           
    concerning the Offeror and its shareholder and related parties (other     
    than the Group) the omission of which would make any statement in this    
    announcement misleading.                                                  
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the 'Latest Company Announcement' page on   
    the GEM website at http://www.hkgem.com.