09:29     GUO XIN GROUP<01215> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents 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 contents of this               
    announcement.                                                             
                                                                              
    GUO XIN GROUP LIMITED                                                     
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1215)                                                        
                                                                              
    MAJOR TRANSACTION                                                         
    ACQUISITIONS OF PROPERTIES IN BEIJING                                     
    EXTENSION OF TIME FOR THE DESPATCH OF CIRCULAR                            
                                                                              
    Further to the announcement of the Company dated 15 April 2005,           
    the Company has applied for an extension on the despatch date             
    of the Circular. The despatch date of the Circular will be delayed        
    from 9 May 2005 to on or before 30 May 2005.                              
                                                                              
    Terms defined in this announcement shall have the same meanings           
    as those defined in the announcement (the "Announcement") of              
    Guo Xin Group Limited (the "Company") dated 15 April 2005 unless          
    the context requires otherwise.                                           
                                                                              
    Under Rule 14.38 of the Listing Rules, the Company is required            
    to send a circular (the "Circular") regarding the Acquisitions            
    which constitute a major transaction of the Company under the             
    Listing Rules, within 21 days after the publication of the                
    Announcement, that is, 9 May 2005.                                        
                                                                              
    The Board wishes to announce that given that additional time              
    is required to compile relevant financial information regarding           
    statement of indebtedness, the proforma assets and liabilities            
    statement of the Group to be incorporated into the Circular,              
    the Company has applied for an extension on the despatch date             
    of the Circular. The despatch date of the Circular will be delayed        
    from 9 May 2005 to on or before 30 May 2005.                              
                                                                              
    As at the date of this announcement, the Board consists of Mr.            
    Zhang Yang and Mr. Lam Cheung Shing, Richard (both being                  
    executive Directors), and Mr. Tam Sun Wing, Mr. Ko Ming Tung,             
    Edward and Mr. Ng Ge Bun (all being independent non-executive             
    Directors).                                                               
                                                                              
    By Order of the Board                                                     
    Guo Xin Group Limited                                                     
    Lam Cheung Shing, Richard                                                 
    Director                                                                  
                                                                              
    Hong Kong, 5 May 2005