09:21     FORTUNA INT'L<00530> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss however arising from or in                        
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    FORTUNA INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 530)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF 30% INTERESTS IN                                           
    NEW GRAND HOTEL COMPANY LIMITED                                           
    FURTHER DELAY DESPATCH OF THE CIRCULAR                                    
                                                                              
    Reference is made to the Announcements in relation                        
    to the conditional agreement dated 20th January 2005                      
    made between Ms. Lam as the Vendor and Everacme                           
    Management Limited, a subsidiary of the Company, as                       
    the Purchaser, for the sale and purchase of 30%                           
    interests in the Target Company. The Company has                          
    applied to the Stock Exchange for further extension                       
    of deadline for despatch of the Circular to be on or                      
    before 11th May 2005.                                                     
                                                                              
    Reference is made to the announcements of the Company                     
    dated 15th February 2005 and 2nd March 2005 ("the                         
    Announcements") in relation to the conditional                            
    agreement dated 20th January 2005 made between Ms.                        
    Lam as the Vendor and Everacme Management Limited,                        
    a subsidiary of the Company, as the Purchaser, for                        
    the sale and purchase of 30% interests in the Target                      
    Company. Terms used herein shall have the same                            
    meanings as defined in the Announcements unless the                       
    context otherwise requires.                                               
                                                                              
    The Company announced on 8th March 2005 that the                          
    despatch of the circular of the Company ("Circular")                      
    in relation to the Acquisition would be delayed to                        
    30th March 2005. The Company made another                                 
    announcement on 29th March 2005 that the despatch of                      
    the Circular has to be further delayed to 20th April                      
    2005. In view that extra time is required by the                          
    Company for the due diligence review ("Review") on                        
    the Target Company, the parties of the Agreement have                     
    agreed on 16th March 2005 to extend the long stop date                    
    of the Agreement from 20th March 2005 to 20th May 2005                    
    ("Long Stop Date"). As at the date of this                                
    announcement, the Review has not yet been completed.                      
    The Directors expect that the Review will be                              
    completed before the Long Stop Date. Further                              
    announcement will be made to inform the Shareholders                      
    of the result of the Review and if the Company is                         
    satisfied with the results of the Review and                              
    proceeded to Completion, the Circular containing                          
    detailed information regarding the Target Company                         
    will be despatched to the Shareholders accordingly.                       
                                                                              
    The Company has applied to the Stock Exchange for a                       
    waiver from the strict compliance with Rule 14.38 of                      
    the Listing Rules so that the despatch of the Circular                    
    will be postponed to on or before 11th May 2005.                          
                                                                              
    As at the date of the announcement, Mr. Kwok Ying Chuen                   
    and Mr. Yu Won Kong, Dennis are the executive                             
    Directors; Mr. Tso Hon Sai, Bosco, Mr. Kwok Chi Sun,                      
    Vincent and Mr. Cheng Wing Keung, Raymond are the                         
    independent non-executive Directors.                                      
                                                                              
    By order of the board of                                                  
    Fortuna International Holdings Limited                                    
    Kwok Ying Chuen                                                           
    Director                                                                  
                                                                              
    Hong Kong, 19th April 2005