10:12     ESUN HOLDINGS<00571>LAI SUN DEV<00488>-Joint Ann & Resumed-4        

    "Subscription"        the subscription of New Shares by the Subscriber    
    pursuant to the Subscription Agreement                                    
                                                                              
    "substantial shareholder"        the term shall have the meaning          
    ascribed to it in the Listing Rules                                       
                                                                              
            By Order of the Board         By Order of the Board               
            eSun Holdings Limited        Lai Sun Development Company Limited  
            Yeung Kam Hoi        Yeung Kam Hoi                                
            Company Secretary        Company Secretary                        
                                                                              
    Hong Kong, 29th April, 2005                                               
                                                                              
    As at the date of this announcement, the executive directors of LSD are   
    Mr. Lam Kin Ngok, Peter, Mr Lau Shu Yan, Julius and Mr Wu Shiu Kee,       
    Keith; the non-executive directors are Mr Lam Kin Ming, Madam U Po Chu,   
    Mr Chiu Wai and Mr Shiu Kai Wah and the independent non-executive         
    directors are Mr David Tang, Mr Lam Bing Kwan and Mr Leung Shu Yin,       
    William.                                                                  
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Lien Jown Jing, Vincent, Mr. Lee Po On, Mr. Lam Kin       
    Ngok, Peter, and Mr. Liu Ngai Wing; the non-executive directors are Mr.   
    Lam Kin Ming, Miss Tam Wai Chu, Maria, Madam U Po Chu, Mr. Shiu Kai Wah,  
    Mr. Chiu Wai, and the independent non-executive directors are Mr. Alfred  
    Donald Yap, Mr. Low Chee Keong, and Mr. Tong Ka Wing, Carl.