11:46     RUILI HOLD<00491>&HANNY HOLDINGS<00275>-Joint Ann.&Resume-25        

    date of execution of the Underwriting Agreement and prior to the Latest   
    Time for Termination which if it had occurred or arisen before the date   
    of execution of the Underwriting Agreement would have rendered any of     
    the warranties contained in the Underwriting Agreement untrue or          
    incorrect in any material respect                                         
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "Subscription Price"  the subscription price of HK$0.10 per Rights        
    Share pursuant to the Rights Issue                                        
                                                                              
    "Tai Fook"  Tai Fook Securities Company Limited, a licensed corporation   
    to carry on regulated activities 1, 3 & 4 for the purpose of the          
    Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)   
    having its registered office at 25th Floor, New World Tower, 16-18        
    Queen's Road Central, Central, Hong Kong                                  
                                                                              
    "Takeovers Code"  The Hong Kong Code on Takeovers and Mergers             
                                                                              
    "Underwriters"  Hanny and Tai Fook                                        
                                                                              
    "Underwriting Agreement"  the underwriting agreement dated 21 April       
    2005 entered into between the Company and the Underwriters in relation    
    to the Rights Issue                                                       
                                                                              
    "Underwritten Shares"  1,437,520,974 Rights Shares, being the total       
    number of Rights Shares to be issued pursuant to the Rights Issue less    
    those Rights Shares agreed and undertaken to be taken up by Mr. Yu and    
    Dr. Chan                                                                  
                                                                              
    "Vendor"  TVB Satellite TV Holdings Limited, a wholly-owned subsidiary    
    of Television Broadcasts Limited, the securities of which are listed on   
    the Main Board of the Stock Exchange                                      
                                                                              
    "HK$"  Hong Kong dollar(s), the lawful currency of Hong Kong              
                                                                              
    "%"  per cent.                                                            
                                                                              
    On behalf of the board of                                                 
    Ruili Holdings Limited                                                    
    Mr. Carl Chang                                                            
    Executive Director                                                        
                                                                              
    On behalf of the board of                                                 
    Hanny Holdings Limited                                                    
    Mr. Lui Siu Tsuen, Richard                                                
    Deputy Managing Director                                                  
                                                                              
    As at the date of this announcement, the directors of the Company are     
    as follows:                                                               
                                                                              
    Executive Directors:  Independent Non-executive Directors:                
    Mr. Yu Kam Kee, Lawrence, M.B.E., J.P.  Mr. Li Fui Lung, Danny            
    Mr. Carl Chang  Mr. Ng Hoi Yue, Herman                                    
    Mr. Yu Kam Yuen, Lincoln  Mr. John Paul McLellan                          
                                                                              
    As at the date of this announcement, the directors of Hanny are as        
    follows:                                                                  
                                                                              
    Executive Directors:  Non-executive Directors:                            
    Dr. Chan Kwok Keung, Charles  Mr. Fok Kin-ning, Canning                   
    Dr. Yap, Allan  Mr. Ip Tak Chuen, Edmond                                  
    Mr. Lui Siu Tsuen, Richard  Mr. Cheung Hon Kit                            
    Mr. Chan Kwok Hung  Ms. Shih, Edith                                       
      (Alternate to Mr. Fok Kin-ning, Canning)                                
                                                                              
    Independent Non-executive Directors:                                      
    Mr. Yuen Tin Fan, Francis                                                 
    Mr. Kwok Ka Lap, Alva                                                     
    Mr. Wong King Lam, Joseph                                                 
                                                                              
    Hong Kong, 29 April 2005