11:47     WING ON TRAVEL<01189> - Announcement                                

    WING ON TRAVEL (HOLDINGS) LIMITED                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1189)                                                        
                                                                              
    UNUSUAL TRADING VOLUME MOVEMENT                                           
                                                                              
    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited (the "Stock Exchange").                                      
                                                                              
    The board of directors (the "Board") of Wing On Travel (Holdings)         
    Limited (the "Company") noted the recent increase in the trading volume   
    of the shares of the Company (the "Shares") and wishes to state that it   
    is not aware of any reasons for such increase, save that the Board has    
    been informed by Million Good Limited, a substantial shareholder of the   
    Company, that it has acquired 3,441,000 Shares and 2,666,000 Shares in    
    the market yesterday and today respectively, resulting in its             
    shareholding in the Company increased from approximately 21.32% as at 26  
    April 2005 to approximately 22.16% on 27 April 2005 and further to        
    approximately 22.82% as at the date of this announcement.                 
                                                                              
    The Board also wishes to state that the Company is in discussions with    
    independent third parties regarding a possible restructuring of the       
    group companies holding the Kingsway Hotel ("Kingsway") in Macau, which   
    may lead to changes in the Group's attributable interest in Kingsway. As  
     at the date of this announcement, the Group holds an approximately       
    36.26% attributable interest in Kingsway. However, no fixed terms for     
    the restructuring has been agreed and no contract has been entered into   
    with any parties in relation thereto as at the date hereof. The Board     
    also confirms that save as disclosed, there are no negotiations or        
    agreements relating to intended acquisitions or realizations which are    
    discloseable under Chapter 13.23 of the Rules (the "Listing Rules")       
    Governing the Listing of Securities on the Stock Exchange, neither is     
    the Board aware of any matter discloseable under the general obligation   
    imposed by Rule 13.09 of the Listing Rules, which is or may be of a       
    price-sensitive nature.                                                   
                                                                              
    Made by the order of the Board, the directors of which individually and   
    jointly accept responsibility for the accuracy of this announcement.      
                                                                              
    As at the date of this announcement, the Board comprises of:-             
                                                                              
    Executive Directors:            Non-Executive Director:                   
    Mr. Yu Kam Kee, Lawrence,       Mr. Chan Yeuk Wai (Honorary Chairman)     
      M.B.E., J.P. (Chairman)                                                 
    Mr. Cheung Hon Kit (Managing Director)                                    
    Dr. Yap, Allan                  Independent Non-Executive Directors:      
    Mr. Chan Pak Cheung, Natalis    Mr. Kwok Ka Lap, Alva                     
    Mr. Lui Siu Tsuen, Richard      Mr. Sin Chi Fai                           
    Ms. Luk Yee Lin, Ellen          Mr. Wong King Lam, Joseph                 
                                                                              
    For and on behalf of                                                      
    Wing On Travel (Holdings) Limited                                         
    Cheung Hon Kit                                                            
    Managing Director                                                         
                                                                              
    Hong Kong, 28 April 2005