10:56     TOMORROW INT'L<00760>&SWANK INT'L MFG<00663>-J.Ann&Resume-20        

    Swank in respect of the Offer, the Shareholders Agreement, the            
    Agency Agreement and the Loan Restructuring Agreement (including          
    the Promissory Note and the Guarantee), the advice of its                 
    independent financial adviser in respect of the Offer, the                
    Shareholders Agreement, the Agency Agreement and the Loan                 
    Restructuring Agreement (including the Promissory Note and the            
    Guarantee) and the notice convening the EGM will be despatched            
    to the shareholders of Swank as soon as practicable.                      
                                                                              
    The Disposal and the Loan Restructuring Agreement constitute              
    a major transaction for TIHL under Chapter 14 of the Listing              
    Rules. A circular containing further details of the Disposal              
    and the Loan Restructuring Agreement will be despatched to the            
    shareholders of TIHL.                                                     
                                                                              
    Shareholders of and potential investors in TIHL should note that          
    the Sale and Purchase Agreement is conditional upon the                   
    fulfillment or waiver of certain conditions. Shareholders of              
    and potential investors in TIHL should therefore exercise                 
    extreme caution when dealing in the securities of TIHL.                   
                                                                              
    The Offer is a possibility only. Shareholders of and potential            
    investors in Swank should therefore exercise extreme caution              
    when dealing in its securities.                                           
                                                                              
    Definitions                                                               
                                                                              
    "acting in concert"     the meaning ascribed to it in the                 
    Takeovers Code                                                            
                                                                              
    "Agency Agreement"      the agency agreement to be entered into           
    between the Nominee and the Trading Company upon Completion               
    pursuant to which the Trading Company will be engaged by the              
    Nominee to provide agency services for the Nominee for sale of            
    the Products to the Territory                                             
                                                                              
    "associate"     the meaning ascribed to it in the Listing Rules           
    "Business Day"  a day (other than Saturday or Sunday) on which            
    commercial banks are generally open in Hong Kong for normal               
    business                                                                  
                                                                              
    "Completion"    completion of the Sale and Purchase Agreement, upon       
    the transfer of Sale Shares to the Offeror                                
                                                                              
    "Completion Date"       Date of Completion                                
                                                                              
    "Continuing Connected   the transaction contemplated under                
    the Agency Agreement                                                      
      Transaction"                                                            
                                                                              
    "DBS Asia"      DBS Asia Capital Limited, a deemed licensed               
    corporation under the Securities and Futures Ordinance (Chapter           
    571 of the Laws of Hong Kong) to conduct types 1, 4, 6 and 9              
    of the regulated activities and the financial adviser to the              
    Offeror                                                                   
                                                                              
    "Debt"  the loan in the principal amount of HK$163,000,000 due            
    and owing by Swank to Probest under the Existing Promissory Note          
                                                                              
    "Deloitte"      Deloitte & Touche Corporate Finance Limited, a            
    company which is deemed licensed under the Securities and Futures         
    Ordinance (Chapter 571 of the Laws of Hong Kong) for the regulated        
    activities of dealing in securities, advising on securities,              
    advising on corporate finance and asset management, and the               
    financial adviser to TIHL.                                                
                                                                              
    "Disposal"      disposal of the First Sale Shares by Probest              
    pursuant to the Sale and Purchase Agreement                               
                                                                              
    "Effective Date"        the date on which all the conditions