09:27     UNITED PACIFIC<00176> - Announcement & Resumption (3)               

    properties market since 1997.                                             
                                                                              
    The Company intends to use part of the net proceeds for working           
    capital and to keep the remainder in reserve for acquisitions and         
    growth opportunities when they arise.                                     
                                                                              
    6.                                                                        
    Information about the Group and the Vendor                                
    Both the Group and the Vendor are primarily engaged in the                
    manufacture and sale of power supply products and electronic              
    components and also offers OEM (i.e. original equipment                   
    manufacturing) and EMS (i.e. electronic/electrical manufacturing          
    service) services. The Vendor is the principal operating subsidiary       
    of the Company, and is wholly-owned.                                      
                                                                              
    7.                                                                        
    Information about Purchasers                                              
    Hemspeed Limited and Hua Po Arts & Crafts Manufacturing Limited are       
    both limited companies incorporated in Hong Kong. Ng Poon On and Wu       
    Poon Tak each hold 50% of the shares in each company. Hemspeed is         
    primarily engaged in property investment, while Hua Po Arts & Crafts      
    Manufacturing Limited is primarily engaged in trading and                 
    manufacturing of household products.                                      
                                                                              
    8.                                                                        
    General                                                                   
    The Sale Price in aggregate exceeds 5% but not more than 25% of the       
    relevant percentage ratios applicable to the Company under Rule 14.07     
    of the Listing Rules, and the Sales therefore constitute                  
    discloseable, but not major, transactions under Rule 14.06(2) of the      
    Listing Rules. The Sales therefore do not require Shareholders'           
    approval. However, a circular providing further details of the Sales      
    will be sent to Shareholders as soon as possible.                         
                                                                              
    9.                                                                        
    Directors of the Company                                                  
    At the date of this announcement, the executive directors of the          
    Company are: Mr Brian C Beazer, Mr David H Clarke, Mr Simon N Hsu,        
    and Mr Andy Wong Hei Pui; the non-executive directors of the Company      
    are: Mr Ho Che Kong, Mr Ng Ching Wo and Mr Teo Ek Tor; and the            
    independent non-executive directors of the Company are: Dr Wong Ho        
    Ching Chris, Mr Henry Lim and Mr Ramon Sy Pascual.                        
                                                                              
    10.                                                                       
    Suspension and resumption of trading                                      
    At the request of the Company, trading of the shares of the Company       
    on the Stock Exchange was suspended with effect from 9:30 a.m. on 19      
    April, 2005 pending the issue of this announcement. Application has       
    been made to the Stock Exchange for resumption of trading of the          
    shares of the Company with effect from 9:30 a.m. on 20 April, 2005.       
                                                                              
                                                                              
    11.                                                                       
    Definitions                                                               
    `Board'                        the Board of Directors of the              
                                   Company as at the date of                  
                                   this announcement                          
    `Company'                      United Pacific Industries                  
                                   Limited, a company                         
                                   incorporated in Bermuda with               
                                   limited liability, the shares              
                                   of which are listed on the                 
                                   Stock Exchange (Stock Code:                
                                   176)                                       
    `Directors'                    the directors of the Company               
                                   as at the date of this                     
                                   announcement                               
    `Formal Agreements'            the formal sale and purchase               
                                   agreements to be entered into              
                                   between the Vendor and                     
                                   Purchasers in relation to the              
                                   Properties, pursuant to the                
                                   Preliminary Agreements                     
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Listing Rules'                The Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `Office'                       Flat B, 19th Floor (Office),               
                                   Chai Wan Industrial Centre,                
                                   20 Lee Chung Street, Chai                  
                                   Wan, Hong Kong                             
    `Preliminary Agreements'       the preliminary sale and                   
                                   purchase agreements dated 18               
                                   April 2005 between the Vendor              
                                   and Purchasers in relation to              
                                   the Properties, to be                      
                                   superseded by the Formal                   
                                   Agreements                                 
    `Properties'                   the Office and Warehouse                   
    `Sale Price'                   the aggregate amount of the                
                                   consideration for the                      
                                   Properties, being HK$11.48                 
                                   million