10:42     CHEUNG TAI HONG<00199> - Announcement & Resumption (8)              

    the first anniversary of the issue date of the                            
    Convertible Notes the average closing price per Share                     
    for 20 consecutive trading days is higher than HK$0.85                    
    (subject to adjustments in the events of share                            
    consolidation and share subdivision), all the then                        
    outstanding Convertible Notes will be deemed to be                        
    converted at the then prevailing conversion price                         
                                                                              
    Interest rate:  0% per annum                                              
                                                                              
    Maturity:       The fifth anniversary from the date of                    
    issue of the Convertible Notes                                            
                                                                              
    Redemption:     Unless previously converted and                           
    cancelled, the Company will redeem each Convertible                       
    Note on the Maturity Date at the redemption amount                        
    which is 110% of the principal amount of the                              
    Convertible Note outstanding. Before the Maturity                         
    Date, the Company or any of its subsidiary may                            
    purchase the Convertible Notes at any price as agreed                     
    between the Company or such subsidiary and the holders                    
    of the Convertible Notes                                                  
                                                                              
    Transferability:        The Convertible Notes are freely                  
    transferable but may not be transferred to a connected                    
    person (as defined in the Listing Rules) of the                           
    Company without the prior written consent of the                          
    Company                                                                   
                                                                              
    Conversion period:      The holders of the Convertible                    
    Notes shall have the right to convert on any business                     
    day commencing from the 15th day after the date of                        
    issue of the Convertible Notes up to and including                        
    the date which is 15 days prior to the Maturity Date,                     
    the whole or any part (in an amount or integral                           
    multiple of HK$500,000) of the principal amount of                        
    the Convertible Notes into Shares at the then                             
    prevailing conversion price                                               
                                                                              
    Voting: The holders of the Convertible Notes will not                     
    be entitled to receive notice of, attend or vote at                       
    any meeting of the Company by reason only of it being                     
    the holders of the Convertible Notes                                      
                                                                              
    Listing:        No application will be made for the listing               
    of the Convertible Notes on the Stock Exchange or any                     
    other stock exchange. An application will be made by                      
    the Company for the listing of, and permission to deal                    
    in, the Conversion Shares to be issued as a result                        
    of the exercise of the conversion rights attached to                      
    the Convertible Notes                                                     
                                                                              
    Ranking:        .      The Convertible Notes will rank pari passu         
    with all other present and future unsecured and                           
    unsubordinated obligations of the Company                                 
    .      The Conversion Shares to be issued as a result of                  
    the exercise of the conversion rights attached to the                     
    Convertible Notes will rank pari passu in all respects                    
    with all other existing Shares outstanding at the date                    
    of conversion of the Convertible Notes                                    
                                                                              
                                                                              
    Based on the terms of the Convertible Notes, the                          
    expected yield to maturity of the Convertible Notes                       
    is approximately 1.9% per annum.                                          
                                                                              
    Conversion Shares                                                         
    Upon full conversion of the Subscription Convertible                      
    Notes at the Initial Conversion Price, a total of                         
    2,172,727,272 new Conversion Shares will be issued,                       
    representing approximately 602% of the existing                           
    issued share capital of the Company and approximately                     
    85.8% of the issued share capital of