09:42     E-NEW MEDIA<00128> - Announcement                                   

    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.               
                                                                              
    e-NEW MEDIA COMPANY LIMITED                                               
    (incorporated in Hong Kong with limited liability)                        
    (Stock Code: 128)                                                         
                                                                              
    PROPOSED CHANGE OF NAME OF THE COMPANY                                    
                                                                              
    The Board proposes to change the name of the Company to `ENM              
    Holdings Limited ' so as to better reflect the diversified businesses     
    of the Company.                                                           
                                                                              
    PROPOSED CHANGE OF NAME                                                   
                                                                              
    The board of directors (the `Board') of e-New Media Company Limited       
    (the `Company') proposes to change the English name of the Company        
    from `e-New Media Company Limited' to `ENM Holdings Limited' and the      
    Chinese name from `' to `'. The proposed change of name is subject to     
    (a) the passing of a special resolution by the shareholders of the        
    Company (the `Shareholders') at a general meeting of the Company; and     
    (b) the approval by the Registrar of Companies in Hong Kong.              
                                                                              
    The Company and its subsidiaries are currently engaged in different       
    lines of businesses including wholesale and retail of fashion wear        
    and accessories, provision of telecommunications services, operation      
    of recreational clubs and investment holding. The Board considers         
    that the proposed new name will better reflect the diversified            
    businesses of the Company.                                                
                                                                              
    The proposed change of name of the Company will not affect any of         
    the rights of the existing Shareholders. All existing share               
    certificates in issue bearing the present name of the Company will        
    after the proposed change of name continue to be evidence of title to     
    the shares of the Company and will be valid for trading, settlement       
    and delivery for the same number of shares of the Company as if they      
    were in the new proposed name of the Company. Any issue of share          
    certificates thereafter will be in the Company's new name. There will     
    be no special arrangement for free exchange of the existing share         
    certificates of the Company for new share certificates printed in the     
    Company's new name.                                                       
                                                                              
    GENERAL                                                                   
                                                                              
    A circular containing details of the proposed change of name of the       
    Company together with a notice convening the general meeting of the       
    Company will be despatched to the Shareholders as soon as                 
    practicable. A further announcement will be made once the proposed        
    change of name of the Company becomes effective.                          
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Joseph Wing Kong LEUNG (Chairman), Mr. James C. NG        
    (Chief Executive Officer), Mr. Derek Wai Choi LEUNG and Mr. Wing Tung     
    YEUNG, the non-executive director is Mr. Raymond Wai Pun LAU, and the     
    independent non-executive directors are Dr. Cecil Sze Tsung CHAO, Dr.     
    Jen CHEN and Mr. Ian Grant ROBINSON.                                      
                                                                              
    By Order of the Board                                                     
    e-New Media Company Limited                                               
    Joseph Wing Kong LEUNG                                                    
    Chairman                                                                  
                                                                              
    Hong Kong, this 15th day of April 2005