09:34 MAGNUM INT'L<00305> - Announcement (1) 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. Magnum International Holdings Limited (incorporated in Bermuda with limited liability) (Stock Code: 305) Unichina Enterprises Limited (incorporated in the British Virgin Islands with limited liability) DELAY IN DESPATCH OF CIRCULAR The despatch of the Circular in respect of the Transactions will be further delayed from on or before 6 May 2005 to on or before 20 May 2005. Executive's consent has been obtained by Unichina to extend the deadline for the despatch of the offer document to within seven days of fulfillment of all conditions to the Sale and Purchase Agreement pursuant to Note 2 to Rule 8.2 of the Takeovers Code. Reference is made to the announcements jointly made by the Company and Unichina dated 8 April 2005 and 28 April 2005 (the ``Announcements'') in relation to the Transactions. Capitalised terms used herein shall have the same meanings as defined in the Announcements unless defined otherwise. Pursuant to Rule 14A.49 of the Listing Rules, the Company is required to despatch the circular (the ``Circular'') to its Shareholders within 21 days after publication of the Announcement, that is, on or before 29 April 2005. An application has been made on 28 April 2005 to the Stock Exchange for the waiver from strict compliance with Rule 14A.49 of the Listing Rules to extend the date of despatch of the Circular to on or before 6 May 2005. At present, further time is required for the Company to finalise the financial information in relation to the Shareholder's Loan in the Circular. As a result, the Company has further applied to the Stock Exchange to extend the date of despatch of the Circular to on or before 20 May 2005. In respect of the Offers, Executive's consent has been obtained by Unichina to extend the deadline for the despatch of the offer document to within seven days of fulfillment of all conditions to the Sale and Purchase Agreement in accordance with Note 2 to Rule 8.2 of the Takeovers Code. Therefore, a composite offer and response document of Unichina and the Company setting out details of the Offers (accompanied by the acceptance and transfer form) and incorporating the respective letters of advice from the Independent Board Committee and Tai Fook on the Offers will be sent to the Shareholders and the Optionholders within seven days of fulfillment of all conditions to the Sale and Purchase Agreement. By Order of the Board of Magnum International Holdings Limited Ooi Sin Heng Executive Director By Order of the sole director of Unichina Enterprises Limited Wong Kwong Miu Sole Director Hong Kong, 5 May 2005 The members of the Board of the Company as at the date of this announcement are as follows: Executive Directors Mr. Lim Teong Leong, Mr. Tam Cheok Wing, Mr. Ooi Sin Heng and Mr. Chan Hon Ming Independent non-executive Directors Mr. Wong Ming Shiang, Mr. Lim Eng Ho and Mr. Soo Tho Him Yip The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than information relating to Unichina) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.