11:07     K. WAH INT'L<00173>K. WAH CONS<00027>-Joint Ann & Resumed-20        

    Directors of KWIH only (other than Lui Family members) (note 4)           
    65,306                                                                    
    0.01                                                                      
    65,306                                                                    
    0.00                                                                      
    1,735,306                                                                 
    0.05                                                                      
    65,306                                                                    
    0.00                                                                      
    1,735,306                                                                 
    0.05                                                                      
                                                                              
    Mr. Pedro Ho through Future Leader                                        
    ---                                                                       
    ---                                                                       
    82,250,410                                                                
    2.62                                                                      
    82,250,410                                                                
    2.61                                                                      
    82,250,410                                                                
    2.62                                                                      
    82,250,410                                                                
    2.61                                                                      
                                                                              
    Brightwealth (note 5)                                                     
    ---                                                                       
    ---                                                                       
    325,615,622                                                               
    10.38                                                                     
    325,615,622                                                               
    10.31                                                                     
    ---                                                                       
    ---                                                                       
    ---                                                                       
    ---                                                                       
                                                                              
    Public shareholders                                                       
    350,268,142                                                               
    27.00                                                                     
    350,268,142                                                               
    11.16                                                                     
    353,354,142                                                               
    11.19                                                                     
    350,268,142                                                               
    11.16                                                                     
    353,354,142                                                               
    11.19                                                                     
                                                                              
    Total                                                                     
    1,297,191,563                                                             
    100.0                                                                     
    3,137,711,361                                                             
    100.0                                                                     
    3,157,337,361                                                             
    100.0                                                                     
    3,137,711,361                                                             
    100.0                                                                     
    3,157,337,361                                                             
    100.0                                                                     
                                                                              
    Notes:                                                                    
                                                                              
    1.   The above percentages are calculated on the assumption that          
    other than for the exercise of the Brightwealth Options and the           
    Employee Options there is no change in the issued share capital           
    of KWCM from the date of this announcement to Completion.                 
                                                                              
    2.   As stated in the section headed ``H. Relevant requirements           
    of the Listing Rules'' below, it is the intention of the Family           
    Companies to maintain the listing KWCM on the Stock Exchange after        
    Completion. Appropriate steps will be taken to ensure that not less       
    than 25% of the KWCM Shares will be held by the public immediately        
    after Completion.                                                         
                                                                              
    3.   Details of the Brightwealth Options are set out below in the         
    paragraph headed ``Brightwealth Options''. Brightwealth, a                
    wholly-owned subsidiary of Guoco Group Limited, is one of the             
    Minority Vendors in the Acquisition and a passive investor in             
    Galaxy. Neither Guoco Group Limited nor its controlling                   
    shareholders now hold, and none of them will hold, any management         
    function in either Galaxy or KWCM.                                        
                                                                              
    4.   Mr. William Lo Chi Chung and Dr. Charles Cheung Wai Bun are          
    both directors of KWCM and of KWIH and own KWCM Shares . Their            
    interests are classified only in ``Directors of KWCM (other than          
    Lui Family members)''.