10:04     MAGNUM INT'L<00305> - 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.               
                                                                              
                                                                              
    Magnum International Holdings Limited                                     
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 305)                                                         
                                                                              
                                                                              
    Unichina Enterprises Limited                                              
    (incorporated in the British Virgin Islands with limited liability)       
                                                                              
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    The despatch of the Circular in respect of the Transactions will be       
    delayed from on or before 29 April 2005 to on or before 6 May 2005.       
                                                                              
    Application has been made by Unichina for the Executive's consent         
    under Note 2 to Rule 8.2 of the Takeovers Code to extend the deadline     
    for the despatch of the relevant offer document within seven days         
    of fulfillment of all conditions to the Sale and Purchase Agreement.      
                                                                              
    Reference is made to the announcement jointly made by the Company         
    and Unichina dated 8 April 2005 (the ``Announcement'') in relation        
    to the proposed change in controlling shareholder of the Company,         
    possible mandatory unconditional general offers, capital reduction        
    and increase in authorised share capital, special deal and connected      
    transactions (the ``Transactions''). Capitalised terms used herein        
    shall have the same meanings as defined in the Announcement unless        
    defined otherwise.                                                        
                                                                              
    Pursuant to Rule 14A.49 of the Listing Rules, the Company is required     
    to despatch the circular (the ``Circular'') to its Shareholders           
    within 21 days after publication of the Announcement, that is, on         
    or before 29 April 2005.                                                  
                                                                              
    At present, further time is required for the Company to finalise the      
    financial information of the Group in the Circular. As a result, the      
    Company has applied to the Stock Exchange for a waiver from strict        
    compliance of Rule 14A.49 of the Listing Rules to extend the date         
    of despatch of the Circular to on or before 6 May 2005.                   
                                                                              
    In respect of the Offers, Rule 8.2 of the Takeovers Code provides         
    that an offer document should normally be posted by or on behalf of       
    the offeror within 21 days of the date of announcement of the offer.      
    Pursuant to Note 2 to Rule 8.2 of the Takeovers Code, Executive's         
    consent is required if the making of an offer is subject to the prior     
    fulfilment of a pre-condition and the pre-condition cannot be             
    fulfilled within the time period contemplated by Rule 8.2 of the          
    Takeovers Code.  Application has been made by Unichina for the            
    Executive's consent under Note 2 to Rule 8.2 of the Takeovers Code        
    to extend the deadline for the despatch of the relevant offer             
    document to within seven days of fulfillment of all conditions to         
    the Sale and Purchase Agreement. Subject to such consent being            
    granted by the Executive, a composite offer and response document         
    of Unichina and the Company setting out details of the Offers             
    (accompanied by the acceptance and transfer form) and incorporating       
    the respective letters of advice from the Independent Board               
    Committee and Tai Fook on the Offers will be sent to the Shareholders     
    and the Optionholders within seven days of fulfillment of all             
    conditions to the Sale and Purchase Agreement.                            
                                                                              
                                                                              
                                                                              
    By Order of the Board of                                                  
    Magnum International Holdings Limited                                     
    Ooi Sin Heng                                                              
    Executive Director                                                        
                                                                              
    By Order of the sole director of                                          
    Unichina Enterprises Limited                                              
    Wong Kwong Miu                                                            
    Sole Director                                                             
                                                                              
    Hong Kong, 28 April 2005                                                  
                                                                              
    The members of the Board of the Company as at the date of this            
    announcement are as follows:                                              
                                                                              
    Executive Directors                                                       
    Mr. Lim Teong Leong, Mr. Tam Cheok Wing, Mr. Ooi Sin Heng and             
    Mr. Chan Hon Ming                                                         
                                                                              
    Independent non-executive Directors                                       
    Mr. Wong Ming Shiang, Mr. Lim Eng Ho and Mr. Soo Tho Him Yip