09:23     DICKSON CONCEPT<00113> - Announcement (1)                           

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement.               
                                                                              
    Dickson Concepts (International) Limited                                  
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 0113)                                                        
                                                                              
    CONTINUING CONNECTED TRANSACTIONS                                         
                                                                              
    The Board announces that on 25th April, 2005, the Agreement was           
    entered into between  DCWL and Dickson Trading (S).                       
                                                                              
    The DTG Group is wholly-owned by Mr. Dickson Poon, a Director and         
    substantial shareholder of the Company, and is deemed to be a             
    connected person for the purpose of the Listing Rules.  Accordingly,      
    the Sales of Merchandise under the Agreement constitute continuing        
    connected transactions of the Company under Rule 14A.14 of the            
    Listing Rules, and are therefore subject to reporting, announcement,      
    Independent Shareholders' approval and annual review requirements         
    under Rules 14A.45 to 14A.48 and Rules 14A.37 to 14A.40 of the            
    Listing Rules respectively.                                               
                                                                              
    A circular containing, among other matters, (i) the details of the        
    Continuing Connected Transactions; (ii) the advice of the Independent     
    Board Committee to the Independent Shareholders; (iii) the advice of      
    the independent financial adviser to the Independent Board Committee      
    and the Independent Shareholders; and (iv) the notice of the SGM will     
    be despatched to the shareholders of the Company as soon as               
    practicable.                                                              
                                                                              
    The Board announces that on 25th April, 2005, the Agreement was           
    entered into between DCWL and Dickson Trading (S).                        
                                                                              
    DETAILS OF THE AGREEMENT                                                  
                                                                              
    Date:       25th April, 2005                                              
                                                                              
    Seller:     DCWL                                                          
                                                                              
    Purchaser:  Dickson Trading (S)                                           
                                                                              
                merchandise of different brand names including apparel,       
                accessories and watches, of which the Group owns the          
                distribution rights of the respective merchandise in          
                Asia, to the DTG Group                                        
                                                                              
    Term:        The Agreement has a fixed term of three years ending         
                 31st March, 2008.  Either party may terminate the            
                 Agreement without cause by serving the other party with      
                 not less than three months' prior written notice.  Both      
                 parties may agree to and renew the Agreement in writing      
                 upon expiry on 31st March, 2008 for another three years      
                 subject to compliance with the applicable Listing Rules      
                                                                              
    Price:       The selling prices of the merchandise will be the            
                 standard wholesale prices or with a trade discount           
                 ranging from 5 per cent. to 10 per cent., due upon           
                 shipment of the merchandise and to be settled in cash        
                 with a credit period of up to 60 days                        
                                                                              
    Transactions regarding the Sales of Merchandise were disclosed in         
    the announcement dated 30th May, 2002 of the Company and the              
    circular dated 20th June, 2002 of the Company and were approved by        
    the then Independent Shareholders at the special general meeting of       
    the Company held on 8th July, 2002.  A waiver from strict compliance      
    with the disclosure and independent shareholders' approval                
    requirements under the Listing Rules for the three financial years        
    ended 31st March, 2005 was then granted by the Stock Exchange to the      
    Company on 15th July, 2002 in respect of the Sales of Merchandise.        
                                                                              
    The Sales of Merchandise by the Group to the DTG Group for the two        
    financial years ended 31st March, 2003 and 31st March, 2004 were          
    HK$68,289,000 and HK$99,400,000 respectively.                             
                                                                              
    The Directors propose that the annual caps for the Sales of               
    Merchandise under the Agreement for the three financial years ending      
    31st March, 2006, 31st March, 2007 and 31st March, 2008 will be           
    HK$102 million, HK$120 million and HK$157 million respectively. The       
    aforesaid annual caps are derived based on the historical figures of      
    the Sales of Merchandise, the estimated annual growth of the sales,       
    the prevailing as well as the expected market conditions.