10:45     CHEUNG TAI HONG<00199> - Announcement & Resumption (16)             

    and do not have any relationship with any other                           
    directors, senior management or substantial                               
    shareholders of the Company.                                              
                                                                              
    Mr. Cheung and Mr. Chan have not entered into any                         
    service contact with the Company and is subject to                        
    retirement by rotation and re-election in accordance                      
    with the bye-laws of the Company. The remuneration                        
    to the two directors will be determined by the board                      
    of directors of the Company, with reference to his                        
    relevant duties and responsibilities within the                           
    Company.                                                                  
                                                                              
    Save as disclosed above, the Company is not aware of                      
    any other matters that need to be brought to the                          
    attention of the Shareholders in relation to this                         
    appointment. The Company would like to express its                        
    warm welcome to Mr. Cheung and Mr. Chan for joining                       
    the Board.                                                                
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
    Trading in the Shares on the Stock Exchange has been                      
    suspended with effect from 10:00a.m. on 29 March 2005                     
    at the request of the Company pending the release of                      
    this announcement. In view of the size of the proposed                    
    issue of the Convertible Notes and the number of                          
    parties involved in the proposed Subscription and                         
    Placing, the Company believed that, although the                          
    Directors would use its best endeavour to keep the                        
    information about the proposed Subscription and                           
    Placing confidential, in order to avoid any                               
    possibility of divulgence of information by the other                     
    parties involved in the proposed transaction during                       
    the course of discussion with the potential                               
    subscribers, it was necessary for the Company to                          
    request a suspension of the trading in the Shares on                      
    29 March 2005 since such price-sensitive information                      
    could not at that time be disclosed to public. An                         
    application has been made to the Stock Exchange for                       
    the resumption of trading in the Shares on the Stock                      
    Exchange with effect from 9:30 a.m. on 21 April 2005.                     
                                                                              
    DEFINITIONS                                                               
    In this announcement, the following expressions have                      
    the meanings set out below unless the context requires                    
    otherwise.                                                                
                                                                              
    "2005 February Convertible Notes"       the 2%                            
    convertible notes due 2008 issued by the Company on                       
    23 February 2005, the outstanding amount of which is                      
    approximately HK$90 million as at the date of this                        
    announcement                                                              
                                                                              
    "Associate(s)"  has the meaning ascribed thereto                          
    under the Listing Rules                                                   
                                                                              
    "Board" board of Directors                                                
                                                                              
    "Company"       Cheung Tai Hong Holdings Limited, a                       
    company incorporated in Bermuda with limited                              
    liability, the Shares of which are listed on the main                     
    board of the Stock Exchange                                               
                                                                              
    "Conversion Shares"     new Shares which would fall to be                 
    issued by the Company upon the exercise of the                            
    conversion rights attached to the Subscription                            
    Convertible Notes and Placing Convertible Notes, at                       
    the then effective conversion price                                       
                                                                              
    "Director(s)"   director(s) of the Company                                
                                                                              
    "Fund Subscribers"      Subscribers who are funds                         
    managed by global asset management firms