09:48     SINO GOLF HOLD<00361> - Announcement (3)                            

    the Disposal.                                                             
                                                                              
    A circular containing, among other things, further details of the         
    Disposal, the letter from the independent financial adviser to the        
    independent board committee and independent Shareholders, the             
    recommendation of the independent board committee to the independent      
    Shareholders on the Disposal together with the notice of the SGM will be  
    dispatched to the Shareholders within 21 days after publication of this   
    announcement.                                                             
                                                                              
    DEFINITIONS                                                               
                                                                              
    Unless the context otherwise requires, the following terms shall have     
    the meanings set out below:                                               
                                                                              
    "Agreement"        the agreement dated 31 December 2004 in relation to    
    the Disposal entered into between SGMCL and the Purchaser;                
                                                                              
    "Associates"        shall have the same meaning as ascribed to it under   
    the Listing Rules;                                                        
                                                                              
    "Audited Net Asset Value"        the net asset value as audited by the    
    Company's auditors Ernst & Young;                                         
                                                                              
                                                                              
    "Company"        Sino Golf Holdings Limited, an exempted company          
    incorporated in Bermuda with limited liability;                           
                                                                              
    "Consideration"        the consideration for the Disposal;                
                                                                              
    "Directors"        the Directors of the Company;                          
                                                                              
    "Disposal"        the disposal of 62.5% of equity capital of SHL by       
    SGMCL to the Purchaser;                                                   
                                                                              
    "Group"        the Company and its subsidiaries;                          
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    People's Republic of China;                                               
                                                                              
    "Listing Rules"        Rules Governing the Listing of Securities on the   
    Stock Exchange;                                                           
                                                                              
    "MI"        *;                                                            
                                                                              
    "Purchaser"        Global Sourcing and Distribution Limited;              
                                                                              
    "SGMCL"        Sino Golf Manufacturing Company Limited, an indirect       
    wholly-owned subsidiary of the Company;                                   
                                                                              
    "Shareholders"        the shareholders of the Company;                    
                                                                              
    "SGM"        special general meeting of the Shareholders;                 
                                                                              
    "SHL"        *, an indirect subsidiary of                                 
    the Company which is owned as to 62.5% by SGMCL;                          
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited;          
                                                                              
    "Supplemental Agreement"        the supplemental agreement dated 9 April  
    2005 to the Agreement entered into between SGMCL and the Purchaser;       
                                                                              
    "Su Founder"        Mr. Su Han Ji, the 100% beneficial owner of MI; and   
                                                                              
    "Su Parties"        Mr. Su Han Jian and Mr. Su Jin Yuan, the brother and  
    son of Mr. Su Han Ji respectively.                                        
                                                                              
                                                                              
                                                                              
    By Order of the board of Directors of                                     
    Sino Golf Holdings Limited                                                
    Chu Chun Man, Augustine                                                   
    Chairman                                                                  
                                                                              
    Hong Kong SAR, 18 April 2005                                              
                                                                              
    As at the date hereof, the board of Directors is comprised of 7           
    directors, of which 4 are Executive Directors, namely Messrs. CHU Chun    
    Man, Augustine, Messrs. Takanori MATSUURA, Messrs. CHU Yuk Man, Simon     
    and Messrs. CHANG Hua Jung, and the rest of 3 are Independent             
    Non-executive Directors, namely Messrs. CHOY Tak Ho, Messrs. CHIU Lai     
    Kuen, Susanna and Messrs. TSE Ying Man.                                   
                                                                              
    (*For the Chinese Name, please refer to the press announcement today.)