10:56     TOMORROW INT'L<00760>&SWANK INT'L MFG<00663>-J.Ann&Resume-19        

    The Trading Company will engage in the provision of agency                
    services to promote the sale of the Products to customers in              
    the Territory and to other territories as the Nominee and the             
    Trading Company may agree from time to time as and when                   
    appropriate. The Trading Company is expected to leverage on Mr.           
    Wang's considerable experience in international trade in                  
    relation to the Products and such new agency business will                
    supplement the Swank Group's existing business.                           
                                                                              
    The Nominee does not currently use any agency services. The               
    directors of Swank are of the opinion that the agency service             
    to be provided by the Trading Company will help to improve the            
    Nominee's sale of the Products from China to customers in the             
    Territory. There are also advantages for conducting such a                
    business in Hong Kong due to the well established business and            
    legal environment and availability of suitable sales and                  
    marketing employees.                                                      
                                                                              
    10.     RESUMPTION OF TRADING                                             
                                                                              
    At the request of Swank, the securities of Swank were suspended           
    from trading on the Main Board of the Stock Exchange from 9:30            
    a.m. on 21 January 2005 pending release of this announcement.             
    Swank has made an application for the resumption of trading in            
    the securities of Swank on the Main Board of the Stock Exchange           
    with effect from 9:30 a.m. on 19 April 2005.                              
                                                                              
    At the request of TIHL, the securities of TIHL were suspended             
    from trading on the Main Board of the Stock Exchange from 9:30            
    a.m. on 21 January 2005 pending release of this announcement.             
    TIHL has made an application for the resumption of trading in             
    the securities of TIHL on the Main Board of the Stock Exchange            
    with effect from 9:30 a.m. on 19 April 2005.                              
                                                                              
    11.     GENERAL                                                           
                                                                              
    The Swank Group is principally engaged in the design, manufacture         
    and marketing of frames, sunglasses and lenses. Its production            
    facilities are located in Dongguan and Shenzhen. Products of              
    the Swank Group are mainly exported to the United States, Europe          
    and Australia.                                                            
                                                                              
    As at the date of this announcement, the executive directors              
    of Swank comprises Mr. Yau Tak Wah, Paul, Ms. Louis Mei Po, Ms.           
    Wong Shin Ling, Irene, Mr. Tam Wing Kin and Mr. Cheung Wah Hing           
    and the independent non-executive directors of Swank comprises            
    Mr. Hahn Ka Fai, Mark, Miss Shum Wai Ting, Rebecca and Mr. Wu             
    Wang Li.                                                                  
    As at the date of this announcement, the executive directors              
    of TIHL comprises Mr. Yau Tak Wah, Paul, Ms. Louis Mei Po, Ms.            
    Wong Shin Ling, Irene, Mr. Tam Wing Kin and Mr. Tam Ping Wah              
    and the independent non-executive directors of TIHL comprises             
    Mr. Ng Wai Hung, Mr. Cheung Chung Leung Richard and Mr. Wu Wang           
    Li.                                                                       
    An independent board committee comprising the independent                 
    non-executive directors of Swank will be appointed to consider            
    the Offer, the Shareholders Agreement, the Agency Agreement and           
    the Loan Restructuring Agreement (including the Promissory Note           
    and the Guarantee), and Barits Securities (Hong Kong) Limited             
    was appointed as the independent financial adviser to advise              
    the independent board committee and the Independent Shareholders          
    in respect of the terms of the Offer, the Shareholders Agreement,         
    the Agency Agreement and the Loan Restructuring Agreement                 
    (including the Promissory Note and the Guarantee).                        
                                                                              
    A circular containing, among other things, further details of             
    the Offer, the Shareholders Agreement, the Agency Agreement,              
    the Loan Restructuring Agreement (including the Promissory Note           
    and the Guarantee), the recommendation of the independent board           
    committee of