09:43     BESTWAY INT'L<00718>-Announcement&Resumption of Trading(6)          

    GENERAL                                                                   
    The Group is principally engaged in the sale and                          
    manufacturing of PVC films to customers in the PRC.                       
                                                                              
    As at the date of this announcement, the Board                            
    comprises 5 executive directors, namely Mr. Tang Kuan                     
    Chien, Mr. Tang Wei Lun , Mr. Yang Ting, Mr. Chang                        
    Bin Lin and Mr. Cheung Ming Leung, Denver, and 3                          
    independent non-executive directors, namely Mr. Hung                      
    Shean-I , Mr. Wong Nai Ping and Mr. Au Kwok Yee,                          
    Benjamin.                                                                 
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
    Trading in the Shares on the Stock Exchange was                           
    suspended with effect from 9:30 a.m. on 25 April 2005                     
    pending the release of this announcement. An                              
    application has been made for the resumption of                           
    trading in the Shares on the Stock Exchange with                          
    effect from 9.30 a.m. on 27 April 2005. We are not                        
    aware of the reasons for the price fluctuation of                         
    shares of the Company on 22 April 2005. Save as the                       
    Company was in negotiation relating to the above                          
    Placing and Subscription Agreement before the closing                     
    time of trading of shares on the Stock Exchange and                       
    concluded the agreement at 4:30 p.m.                                      
                                                                              
    DEFINITIONS                                                               
    "Board" board of directors of the Company                                 
                                                                              
    "business day"  any day (other than a Saturday) on                        
    which banks are generally open for business in Hong                       
    Kong                                                                      
                                                                              
    "Company"       Bestway International Holdings Limited,                   
    a company incorporated in Bermuda which shares are                        
    listed on the Stock Exchange                                              
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the PRC                                                         
                                                                              
    "Last Trading Date"     22 April 2005 being the last full                 
    trading day for the Shares, the date of Placing and                       
    Subscription Agreement, the date of WB Subscription                       
    Agreement                                                                 
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "Placing Agent and underwriter" TIS Securities                            
    (HK) Limited                                                              
                                                                              
    "Placing Price" the Placing price of HK$0.040 per                         
    share                                                                     
                                                                              
    "Placing"       The placing of 682,000,000 existing                       
    Shares by Wealthguard pursuant to the Placing and                         
    Subscription agreement                                                    
                                                                              
    "Placing and Subscription       Placing and                               
    subscription agreements dated                                             
      Agreement"    22 April 2005 entered into between the                    
    Company, Wealthguard Investment Limited and TIS                           
    Securities (HK) Limited in relation to Wealthguard,                       
    a substantial shareholder of the Company has                              
    unconditionally 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(s)"      ordinary share(s) of HK$0.01 each in the                  
    share capital of the Company