09:41     SEWCO INT'L<00209> - Announcement (2)                               

    Increases in trade receivables - Rule 13.14 and Rule 13.15 of             
    the Listing Rules                                                         
                                                                              
    Pursuant to the requirements under Rule 13.14 and Rule 13.15              
    of the Listing Rules, where any of the Percentage Ratios of the           
    relevant advance to an entity increases from that previously              
    disclosed under Rules 13.13, 13.14 or 13.20 of the Listing Rules          
    by 3% or more, a general disclosure obligation for the Company            
    will arise.                                                               
                                                                              
    Increases of the TMSW Trade Receivables                                   
                                                                              
    As at 14 May 2004, the TMSW Trade Receivables increased to                
    HK$23,882,971.71, represented approximately 12.63% of the                 
    Market Capitalisation (being HK$189,056,844) on 14 May 2004               
    which has been increased for more than 3% compared with that              
    as at 6 May 2004.                                                         
                                                                              
    As at 23 August 2004, the TMSW Trade Receivables increased to             
    HK$26,311,933.77, represented approximately 22.76% of the                 
    Market Capitalisation (being HK$115,584,516) on 23 August 2004            
    which has been increased for more than 3% compared with that              
    as at 14 May 2004.                                                        
                                                                              
    As at 1 September 2004, the TMSW Trade Receivables increased              
    to HK$31,713,340.93, represented approximately 26.41% of the              
    Market Capitalisation (being HK$120,064,536) on 1 September 2004          
    which has been increased for more than 3% compared with that              
    as at 23 August 2004.                                                     
                                                                              
    As at 4 February 2005, the TMSW Trade Receivables amounted to             
    HK$20,673,484.08, represented approximately 12.02% of the                 
    Market Capitalisation (being HK$172,032,768) on 4 February 2005           
    which has been increased for more than 3% compared with the TMSW          
    Trade Receivables as at 31 December 2004, being HK$12,055,462.64          
    which has been included in the annual report of the Company for           
    the financial year ended 31 December 2004.                                
                                                                              
    As at 15 April 2005, being the latest practicable date for the            
    Company to ascertain the information contained in this                    
    announcement, the TMSW Trade Receivables amounted to                      
    HK$11,108,442.00, represented approximately 6.97% of the Market           
    Capitalisation (being HK$159,488,712) on 15 April 2005.                   
                                                                              
    Increases of the Mattel Trade Receivables                                 
                                                                              
    As to the Mattel Trade Receivables, as at 9 June 2004, the Mattel         
    Trade Receivables increased to HK$19,777,080.07, represented              
    approximately 11.80% of the Market Capitalisation (being                  
    HK$167,552,748) on 9 June 2004 which has been increased for more          
    than 3% compared with that as at 12 May 2004.                             
                                                                              
    As at 23 June 2004, the Mattel Trade Receivables increased to             
    HK$27,990,523.58, represented approximately 16.36% of the                 
    Market Capitalisation (being HK$171,136,764) on 23 June 2004              
    which has been increased for more than 3% compared with that              
    as at 9 June 2004.                                                        
                                                                              
    As at 29 June 2004, the Mattel Trade Receivables increased to             
    HK$33,078,838.86, represented approximately 19.96% of the                 
    Market Capitalisation (being HK$165,760,740) on 29 June 2004              
    which has been increased for more than 3% compared with that              
    as at 23 June 2004.                                                       
                                                                              
    As at 13 July 2004, the Mattel Trade Receivables increased to             
    HK$39,169,916.25, represented approximately 23.82% of the                 
    Market Capitalisation (being HK$164,416,734) on 13 July 2004              
    which has been increased for more than 3% compared with that              
    as at 29 June 2004.                                                       
                                                                              
    As at 16 July 2004, the Mattel Trade Receivables increased