10:29     HERITAGE INT'L<00412> - Announcement & Resumption (4)               

    Note 4:                                                                   
    Collier Assets Limited, a company incorporated in the British Virgin      
    Islands wholly-owned by Ms. Lo Ki Yan, Karen, the Vice-Chairman of        
    the Company.                                                              
                                                                              
                                                                              
    The below summarises the capital raising activities of the Group for      
    the 12 months immediately before the date of this Announcement.           
                                                                              
    Date of    Date of    Nature of  Placees /  Amount of                     
    announceme agreement  transactio subscriber fund                          
    nt                    n           /         raised                        
                                     allottee                                 
    Number of  Percentage Intended   Use of     Use of                        
    Shares      of        use of     proceeds   proceeds                      
    issued     Number of  proceeds   according  other                         
    from the   Shares                to the     than the                      
    activities issued /              intended   intended                      
               total                 use        use                           
               number of                                                      
               the then                                                       
               existing                                                       
               Shares of                                                      
               the                                                            
               Company                                                        
               (approxima                                                     
               tely)                                                          
    9 June     3 June     Top-up     Independen Approximat                    
    2004       2004       placing    t third    ely                           
                          of         party      HK$16.1                       
                          existing              million                       
                          Shares                                              
                          and                                                 
                          top-up                                              
                          subscripti                                          
                          on of new                                           
                          Shares                                              
                          under                                               
                          general                                             
                          mandate                                             
    448,000,00 10.67%     Possible   applied    Not                           
    0 Shares              future     for        applicable                    
                          investment investment                               
                           in Pearl  s in Hong                                
                          River      Kong and                                 
                          Delta      for daily                                
                          Region     operations                               
                                      of the                                  
                                     Company                                  
    9 June     3 June     Subscripti Independen Approximat                    
    2004       2004       on of new  t third    ely                           
                          Shares by  party      HK$21.9                       
                          a                     million                       
                          subscriber                                          
                           under                                              
                          specific                                            
                          mandate                                             
    600,000,00 14.29%     Possible   applied                                  
    0 Shares              future     for                                      
                          investment investment                               
                           in Pearl  s in Hong                                
                          River      Kong and                                 
                          Delta      for daily                                
                          Region     operations                               
                                      of the                                  
                                     Company                                  
    9 June     3 June     Settlement Independen Nil                           
    2004       2004        of legal  t third                                  
                          proceeding party                                    
                          s by mean                                           
                          of issue                                            
                          of new                                              
                          Shares                                              
                          under                                               
                          specific                                            
                          mandate                                             
    250,000,000 5.95%      Not        Not        Not                          
                        applicable applicable applicable                      
    Shares                                                                    
    6          27 August  Issue of   Independen Nil                           
    September  2004       new        t third                                  
    2004                  Shares     party                                    
                          under                                               
                          general                                             
                          mandate                                             
                          to                                                  
                          acquire                                             
                          shares in                                           
                          China                                               
                          Sci-Tech                                            
                          Holdings                                            
                          Limited                                             
    558,000,000 13.29%     Not        Not        Not                          
                        applicable applicable applicable