09:42     SEWCO INT'L<00209> - Announcement (4)                               

    comprised account receivables arose from the sales of goods to            
    these two customers of the Group in its ordinary course of                
    business. The relevant trade receivables are interest-free,               
    unsecured and with credit terms ranging from 14 to 60 days.               
                                                                              
    The Stock Exchange reserves its rights to take appropriate action         
    against the Company and/or the Directors.                                 
                                                                              
    Definition                                                                
                                                                              
    In this announcement, the following expressions have the                  
    meanings set out below unless the context requires otherwise:             
                                                                              
    "associates"    has the meaning as ascribed to it under the Listing       
    Rules                                                                     
                                                                              
    "Company"       Sewco International Holdings Limited, a company           
    incorporated in Bermuda, the shares and warrants of which are             
    listed on the main board of the Stock Exchange                            
                                                                              
    "Director(s)"   Director(s) of the Company                                
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     Hong Kong Special Administrative Region of the            
    People's Republic of China                                                
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange                                                     
                                                                              
    "Market Capitalisation" the market capitalisation of the                  
    Company as at the relevant date (the "Relevant Date") as                  
    mentioned in this announcement the calculation of which is based          
    on the total number of Shares in issue on the Relevant Date and           
    the average closing price of the Share as stated in the Stock             
    Exchange's daily quotations sheets for the five (5) business              
    days immediately preceding the Relevant Date, being the date              
    of the relevant trade receivable owed to the Group                        
                                                                              
    "Mattel"        Mattel Asia Pacific Sourcing Limited, an independent      
    third party not connected with any director, chief executive              
    or substantial shareholder of the Company or any of its                   
    subsidiaries, or associates of any of them or where the context           
    requires, its group of companies as a whole                               
                                                                              
    "Mattel Trade   the trade receivables owed by Mattel to the Group         
    in the ordinary                                                           
      Receivables"  course of business of the Group                           
                                                                              
    "Percentage Ratios"     has the same meaning ascribed to it under         
    Rule 14.07 of the Listing Rules                                           
                                                                              
    "Share(s)"      ordinary share(s) of HK$0.10 each in the share            
    capital of the Company                                                    
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "TMSW"  The Marketing Store Worldwide (Asia) Limited, an                  
    independent third party not connected with any director, chief            
    executive or substantial shareholder of the Company or any of             
    its subsidiaries, or associates of any of them or where the               
    context requires, its group of companies as a whole                       
                                                                              
    "TMSW Trade     the trade receivables owed by TMSW to the Group in        
    the                                                                       
      Receivables"  ordinary course of business of the Group                  
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong