11:27     MORNING STAR<00542> - Announcement & Resumption of Trading-4        

    to approve the Disposal at the EGM.                                       
                                                                              
    A circular containing further information on the                          
    Disposal, together with a notice of the EGM will be                       
    despatched to the Shareholders in accordance with the                     
    requirements of the Listing Rules.                                        
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
    At the request of the Company, trading in the shares                      
    of the Company on the Stock Exchange was suspended                        
    from 9:30 a.m. on Tuesday, 12 April 2005 pending the                      
    release of this announcement. An application has been                     
    made to the Stock Exchange for resumption of the                          
    trading in the shares of the Company with effect from                     
    9:30 a.m. on Monday, 18 April 2005.                                       
                                                                              
    DEFINITIONS:                                                              
    "Board" the board of Directors                                            
                                                                              
    "Business Day"  a day (excluding Saturday) on which                       
    banks are open for general business in Hong Kong                          
                                                                              
    "Company"       Morning Star Resources Limited, a company                 
    incorporated in the Cayman Islands with limited                           
    liability, the shares of which are listed on the Stock                    
    Exchange                                                                  
                                                                              
    "Completion"    Completion of the Disposal                                
                                                                              
    "Conditions"    conditions precedents to the Disposal                     
                                                                              
    "Consideration" GBP11,270,000 (approximately                              
    HK$165,894,400), being the amount of money payable                        
    by the Purchaser to the Company for the purchase of                       
    the Sale Shares pursuant to the Sale and Purchase                         
    Agreement                                                                 
                                                                              
    "Director(s)"   the director(s), including                                
    independent non-executive director(s), of the                             
    Company                                                                   
                                                                              
    "Disposal"      The sale of the Sale Shares by the Company                
    to the Purchaser pursuant to the Sale and Purchase                        
    Agreement                                                                 
                                                                              
    "EGM"   the extraordinary general meeting of the                          
    Company to be held for the purpose of approving, inter                    
    alia, the Disposal                                                        
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the People's Republic of China                                  
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Independent Third      independent third party(ies) who                  
    is/are                                                                    
      Party(ies)"   independent of and not connected with                     
    the directors, chief executive or substantial                             
    shareholders of the Company and its subsidiaries and                      
    associates of any of them (as defined under the                           
    Listing Rules)                                                            
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "POHP"  Plaza on Hyde Park Ltd., a private company                        
    incorporated in the United Kingdom and owned as to                        
    49% by the Company                                                        
                                                                              
    "Purchaser"     Supreme Touch Limited, a company                          
    incorporated in British Virgin Islands and the                            
    purchaser of the Sale Shares under the Sale and                           
    Purchase Agreement, being an Independent Third