09:41     BESTWAY INT'L<00718>-Announcement&Resumption of Trading(1)          

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the content 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 content                        
    of this announcement.                                                     
                                                                              
    BESTWAY INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 718)                                                         
                                                                              
    PLACING OF EXISTING SHARES                                                
    SUBSCRIPTION OF NEW SHARES                                                
    AND                                                                       
    RESUMPTION OF TRADING                                                     
                                                                              
    Placing Agent                                                             
    TIS Securities (HK) Limited                                               
                                                                              
    The Board announces that on 22 April 2005, (1) the                        
    Company, Wealthguard Investment Limited and TIS                           
    Securities (HK) Limited have entered into the Placing                     
    and Subscription Agreement. (2) the Company and                           
    Wealthguard Investment Limited have entered into the                      
    WB Subscription Agreement. Pursuant to the Placing                        
    and Subscription Agreement, Wealthguard, a                                
    substantial shareholder of the Company has                                
    unconditional agreed to place 682 million existing                        
    shares of HK$0.01 each in the Company through TIS                         
    Securities (HK) Limited, the placing agent and                            
    underwriter, to independent investors at a price of                       
    HK$0.040 per Placing Share. The Placing price was                         
    determined after arm's length negotiation between                         
    Wealthguard, the Company and TIS Securities (HK)                          
    Limited and represents a discount of approximately                        
    13.04% to the closing price of HK$0.046 per Share as                      
    quoted on the Stock Exchange on the Last Trading Date                     
    and a discount of approximately 9.09% to the average                      
    closing price of HK$0.044 per Share as quoted on the                      
    Stock Exchange for the five trading days up to and                        
    including the Last Trading Date. Pursuant to the WB                       
    Subscription Agreement, Wealthguard conditionally                         
    agreed to subscribe for 682 million new Shares of                         
    HK$0.01 each in the Company also at price of HK$0.040                     
    per new Share. The subscription price of the new                          
    Shares of HK$0.040 per Share, being equivalent to the                     
    Placing Price, was determined after arm's length                          
    negotiation between Wealthguard and the Company with                      
    reference to the Placing Price. 682,000,000 existing                      
    Shares represent approximately 16.2% of the existing                      
    issued share capital of the Company and approximately                     
    13.9% of the issued share capital of the Company as                       
    enlarged by the issue of the Subscription Shares.                         
                                                                              
    The Subscription Shares will be issued pursuant to                        
    the general mandate to allot Shares granted to the                        
    Board at the Company's annual general meeting held                        
    on 26 August 2004 and when allotted will rank pari                        
    passu in all respects with the then existing issued                       
    shares of the Company, including the right to receive                     
    all dividends and distributions which may be declared,                    
    made or paid after the date of allotment of the                           
    Subscription Shares. The maximum number of Shares                         
    which may be issued by the Company pursuant to the                        
    general mandate mentioned above is 682,240,000,                           
    representing 20% of the total number of Shares in                         
    issue as at 26 August 2004 being 3,411,200,000. Prior                     
    to the WB Subscription Agreement, the Company has not                     
    issued any Shares pursuant to the general mandate                         
    mentioned above.