09:26     BESTWAY INT'L<00718> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the content of this announcement,                      
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the content                        
    of this announcement.                                                     
                                                                              
    BESTWAY INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 718)                                                         
                                                                              
    CLARIFICATION ANNOUNCEMENT                                                
    IN RELATION TO THE PLACING OF EXISTING SHARES                             
    AND SUBSCRIPTION OF NEW SHARES                                            
                                                                              
    Reference is made to the Company's announcement dated                     
    26 April 2005 (the "Announcement") in relation to the                     
    Placees in respect of not having any interest in the                      
    Company's Shares on or before 22 April 2005 (the date                     
    of execution of the Placing and Subscription                              
    Agreement).                                                               
                                                                              
    The Board of directors of the Company (the "Board")                       
    has been notified by TIS Securities (HK) Limited, the                     
    Placing Agent and underwriter of the placing, on 4                        
    May 2005 that one of the Placees, namely Mr. Zhou Shu                     
    Ping, owns 75,000,000 shares of the Company,                              
    represent approximately 1.78% of the existing issued                      
    share capital of the Company as at 22 April 2005.                         
    Pursuant to the terms stated in the Placing and                           
    Subscription Agreement, there were no statements                          
    clearly stated that the Placees can or cannot hold                        
    any interest of shares of the Company on or before                        
    22 April 2005. As there was a misunderstanding on the                     
    terms of the Placing and Subscription Agreement                           
    between the Company and TIS Securities (HK) Limited,                      
    the Company confirmed that it was not breaching any                       
    terms stated in the agreement. The Board of directors                     
    has confirmed that Mr. Zhou Shu Ping is not a connected                   
    person with the directors, chief executive or                             
    substantial shareholders of the Company or any of its                     
    subsidiaries or any of their respective associates                        
    (as defined in the Listing Rules).                                        
                                                                              
    By Order of the Board                                                     
    Tang Kuan Chien                                                           
    Chairman                                                                  
                                                                              
    Hong Kong, 5 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board                            
    comprises 5 executive directors, namely, Mr. Tang                         
    Kuan Chien, Mr. Chang Bin Lin, Mr. Tang Wei Lun, Mr.                      
    Yang Ting and Mr. Cheung Ming Leung, Denver and 3                         
    independent non-executive directors, namely, Mr.                          
    Hung Shean-I, Mr. Wong Nai Ping and Au Kwok Yee,                          
    Benjamin.