10:29     BAUHAUS INTERNATIONAL (HOLDINGS) LIMITED<00483> - Ann. (1)          

    The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'')          
    and Hong Kong Securities Clearing Company Limited (``HKSCC'') take        
    no responsibility for the contents of this announcement, make no          
    representation as to its accuracy or completeness and expressly           
    disclaim any liability whatsoever for any loss howsoever arising          
    from or in reliance upon the whole or any part of the contents of         
    this announcement.                                                        
                                                                              
    This announcement is for information purpose only and does not            
    constitute an invitation or offer to acquire, purchase or subscribe       
    for securities.                                                           
                                                                              
    Unless the context requires otherwise, capitalised terms used             
    herein shall have the same meanings as defined in the prospectus          
    (the ``Prospectus'') of Bauhaus International (Holdings) Limited          
    (the ``Company'') dated 29th April, 2005.                                 
                                                                              
                                                                              
    Bauhaus International (Holdings) Limited                                  
    (incorporated in the Cayman Islands with limited liability)               
                                                                              
    NEW ISSUE BY WAY OF PLACING AND PUBLIC OFFER                              
                                                                              
    Number of Offer Shares  :  91,000,000 New Shares (subject to the          
                               Over-allotment Option)                         
                                                                              
    Number of Placing Shares  :  81,900,000 New Shares (subject to            
                                 re-allocation and the Over-allotment         
                                 Option)                                      
                                                                              
    Number of Public Offer Shares  :  9,100,000 New Shares (subject to        
                                      re-allocation)                          
                                                                              
    Offer Price  :  Not more than HK$1.25 and not less than HK$1.00 per       
                    Offer Share (payable in full on application and           
                    subject to refund)                                        
                                                                              
    Nominal value  :  HK$0.10 each                                            
    Stock code  :  483                                                        
                                                                              
    Sponsor                                                                   
    SUN HUNG KAI INTERNATIONAL LIMITED                                        
                                                                              
    Joint Lead Managers                                                       
    SUN HUNG KAI INVESTMENT SERVICES LIMITED                                  
    KIM ENG SECURITIES (HONG KONG) LIMITED                                    
                                                                              
    Managers                                                                  
    CMB International Capital Corporation Limited                             
    China Everbright Securities (HK) Limited                                  
    Core Pacific - Yamaichi International (H.K.) Limited                      
    DBS Asia Capital Limited                                                  
    SBI E2-Capital Securities Limited                                         
    Taiwan Securities (Hong Kong) Company Limited                             
    UOB Kay Hian (Hong Kong) Limited                                          
                                                                              
    Application has been made by the Company to the Stock Exchange for        
    the granting of the listing of, and permission to deal in, the Shares     
    in issue and to be issued as mentioned in the Prospectus and the          
    application forms, and any Shares that may fall to be allotted and        
    issued pursuant to the exercise of options that may be granted under      
    the Share Option Scheme and the Over-allotment Option. Dealings in        
    the Shares on the Main Board are expected to commence at 9:30 a.m.        
    on 12th May, 2005. Subject to the granting of the listing of, and         
    permission to deal in, the Shares on the Main Board of the Stock          
    Exchange as well as compliance with the stock admission requirements      
    of HKSCC, the Shares will be accepted as eligible securities by HKSCC     
    for deposit, clearance and settlement in CCASS with effect from the       
    Listing Date or any other date as determined by HKSCC. All activities     
    under CCASS are subject to the General Rules of CCASS and the CCASS       
    Operational Procedures in effect from time to time.                       
                                                                              
    Applications for the Public Offer Shares will only be considered          
    on the basis of the Prospectus and the PINK, WHITE or YELLOW              
    application forms in accordance with the relevant provisions of the       
    Prospectus. It should be noted that multiple applications or              
    suspected multiple applications will be rejected. Only one                
    application on either a WHITE or YELLOW application form, together        
    with any one application on a PINK application form (for eligible         
    full-time employees of the Group) may be made for the benefit of          
    any person.