10:30     HERITAGE INT'L<00412> - Announcement & Resumption (6)               

    consider that the proposed Share Consolidation will make the shares       
    of the Company more attractive to investors and is beneficial to the      
    Company for its future fund-raising activities.                           
                                                                              
    The Share Consolidation will not in itself, alter the underlying          
    assets, business, operations, management or financial position of the     
    Company except for the payment of related expenses in connection with     
    the Share Consolidation.                                                  
                                                                              
    ODD LOTS ARRANGEMENT                                                      
    In order to alleviate the difficulties arising from the existence of      
    odd lots of the Consolidated Shares, Chung Nam Securities Limited         
    will be appointed by the Company to provide a matching service to         
    those Shareholders who wish to acquire odd lots of Consolidated           
    Shares to make up a full board lot, or to dispose of their holdings       
    of odd lots of Consolidated Shares. Details of the odd lots               
    arrangement will be stated in the circular to be issued by the            
    Company.                                                                  
                                                                              
    Any fraction of Consolidated Shares that arises from the Share            
    Consolidation will be aggregated and sold (if a premium, net of           
    expenses, can be obtained) for the benefit of the Company.                
                                                                              
    The Consolidated Shares will rank pari passu in all respect with          
    each other.                                                               
                                                                              
    CHANGE IN BOARD LOT SIZE                                                  
    Upon the Share Consolidation becoming unconditional and effective,        
    the board lot of the Shares will be changed from 10,000 Shares to         
    20,000 Consolidated Shares. Based on the latest closing price of          
    HK$0.018 per Share as quoted on the Stock Exchange on the Last            
    Dealing Date the value of a board lot of 10,000 Shares is                 
    approximately HK$180. After the completion of the Share                   
    Consolidation, based on the latest closing price of HK$0.018 per          
    Share as quoted on the Stock Exchange on the Last Dealing Date, the       
    theoretical price of a Consolidated Share is approximately HK$0.18        
    and the theoretical market value of a board lot of 20,000                 
    Consolidated Shares is approximately HK$3,600. The Board believes the     
    change in board lot size will result in the Shares being traded at a      
    more reasonable board lot sale and size.                                  
                                                                              
    EXPECTED TIME TABLE FOR THE SHARE CONSOLIDATION                           
    The expected timetable is as follows:-                                    
    2005                                                                      
    Despatch of circular in respect of the SGM convened to                    
    approve the Placing, Share Consolidation and refreshment of               
    General Mandates                                                          
    13th May                                                                  
    Latest time for lodging forms of proxy for the SGM                        
    10:00 a.m. on 28th May                                                    
    SGM                                                                       
    10:00 a.m. on 30th May                                                    
    Effective date of the Share Consolidation                                 
    31st May                                                                  
    Existing counter for trading in the Shares                                
    in board lots of 10,000 Shares closes                                     
    9:30 a.m. on 31st May                                                     
    Temporary counter for trading in the Consolidated Shares                  
    in board lots of 1,000 Consolidated Shares (in the form of                
    existing                                                                  
                                                                              
    share certificates) opens                                                 
    9:30 a.m. on 31st May                                                     
    First day for free exchange of existing share certificates for new        
    share certificates for the Consolidated Shares                            
    31st May                                                                  
    Existing counter for trading in the Consolidated Shares                   
    in board lots of 20,000 Consolidated Shares (in the form of new           
    share certificates) reopens                                               
    9:30 a.m. on 14th June                                                    
    Parallel trading in the Consolidated Shares (in the form of new           
    share certificates and existing share certificates) commences             
    9:30 a.m. on 14th June                                                    
    Temporary counter for trading in the Consolidated Shares in               
    board lots of 1,000 Consolidated Shares (in the form of existing          
    share certificates) closes                                                
    4:00 p.m. on 6th July                                                     
    Parallel trading in the Consolidated Shares (in the form of new           
    share certificates and existing share certificates) ends                  
    4:00 p.m. on 6th July                                                     
    Last day for free exchange of existing share certificates for new         
    share certificates for the Consolidated Shares                            
    4:00 p.m. on 12th July                                                    
    FREE EXCHANGE OF CERTIFICATES FOR SHARES AND TRADING ARRANGEMENT          
    Subject to the Share Consolidation becoming effective, Shareholders       
    may, during business hours from 31st May, 2005 to 12th July, 2005         
    (both dates inclusive), submit their existing green certificates for      
    the Shares to the Company's branch registrar in Hong Kong,                
    Computershare Hong Kong Investor Services Ltd., at 46th Floor,            
    Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, in            
    exchange for new pink certificates for the Consolidated Shares (on        
    the basis of every ten (10) Shares for one (1) Consolidated Share)        
    free of charge. Thereafter, existing share certificates for Shares        
    will be accepted for exchange only on payment of a fee of HK$2.50 (or