09:15     HERITAGE INT'L<00412> - 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.                                                             
                                                                              
    HERITAGE INTERNATIONAL HOLDINGS LIMITED                                   
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 412)                                                         
                                                                              
    PLACING OF NEW SHARES,                                                    
    SHARE CONSOLIDATION,                                                      
    CHANGE IN BOARD LOT SIZE,                                                 
    REFRESHMENT OF GENERAL MANDATES                                           
    TO ISSUE AND REPURCHASE SHARES                                            
                                                                              
    The Board wishes to announce that the timetable for the Share             
    Consolidation has been changed so as to enable the Placing to             
    be completed earlier. The Circular to shareholders will be                
    despatched on 9th May, 2005.                                              
                                                                              
    Reference is made to the Company's announcement dated 20th                
    April, 2005 ("Announcement"). Terms used herein shall have the            
    same meanings as ascribed thereto in the Announcement.                    
                                                                              
    The Board wishes to announce that the timetable for the Share             
    Consolidation has been changed so as to enable the Placing to             
    be completed earlier. The new timetable is as follows:-                   
                                                                              
    2005                                                                      
                                                                              
    Despatch of circular   9th May                                            
                                                                              
    Latest time for lodging forms of proxy for the SGM   9:00 a.m.            
    on 23rd May                                                               
                                                                              
                                                                              
    SGM   9:00 a.m. on 25th May                                               
                                                                              
    Effective date of the Share Consolidation   26th May                      
                                                                              
    Existing counter for trading in the Shares in board lots of               
    10,000 Shares closes    9:30 a.m. on 26th May                             
                                                                              
    Temporary counter for trading in the Consolidated Shares in               
    board lots of 1,000 Consolidated Shares (in the form of                   
    existing share certificates) opens    9:30 a.m. on 26th May               
                                                                              
    First day for free exchange of existing share certificates for            
    new share certificates for the Consolidated Shares    26th May            
                                                                              
    Existing counter for trading in the Consolidated Shares in                
    board lots of 20,000 Consolidated Shares (in the form of new              
    share certificates) reopens    9:30 a.m. on 9th June                      
                                                                              
    Parallel trading in the Consolidated Shares (in the form of               
    new share certificates and existing share certificates)                   
    commences    9:30 a.m. on 9th June                                        
                                                                              
    Temporary counter for trading in the Consolidated Shares in               
    board lots of1,000 Consolidated Shares (in the form of existing           
    share certificates) closes    4:00 p.m. on 30th June                      
                                                                              
    Parallel trading in the Consolidated Shares (in the form of               
    new share certificates and existing share certificates) ends              
    4:00 p.m. on 30th June                                                    
                                                                              
    Last day for free exchange of existing share certificates for             
    new share certificates for the Consolidated Shares    4:00 p.m.           
    on 7th July                                                               
                                                                              
    The circular will be despatched to shareholders on 9th May,               
    2005.                                                                     
                                                                              
    As at date of this announcement, the Company has four executive           
    Directors, being Mr. Kwong Kai Sing, Benny, Ms. Lo Ki Yan, Karen,         
    Mr. Ong Peter and Ms. Poon Chi Wan, one non-executive Director,           
    being Mr. Chung Yuk Lun, and three independent non-executive              
    Directors, being Mr. Chan Sze Hung and Mr. To Shing Chuen and             
    Mr. Frank H. Miu.                                                         
                                                                              
    By order of the board of directors of                                     
    Heritage International Holdings Limited                                   
    Kwong Kai Sing, Benny                                                     
    Chairman                                                                  
                                                                              
    Hong Kong, 6th May, 2005