10:17     REX FINANCIAL H<00555> - Announcement (2)                           

                                                                              
                     HK$'000      HK$'000                                     
                                                                              
    Loss                54,766      5,376                                     
    Net asset value   174,868      229,634                                    
                                                                              
    There is no shareholding relationship between the Purchaser and the       
    Company. The Company has been informed by Mr. Chan How Chung, Victor,     
    who is an executive director of both the Purchaser and the Company, that  
     as at the date of this announcement, he is interested in 25.03% and      
    67.95% (including deemed security interest in the Company) of the issued  
     share capital of the Purchaser and the Company respectively.             
                                                                              
    As at the date of this announcement, the Board of the Company comprises   
    three executive directors namely Mr. Chan How Chung, Victor, Ms. Lee      
    Huei Lin and Mr. Boo Chun Lon, and three independent non-executive        
    directors namely Mr. Yuen Wai Ho, Mr. On Kien Quoc and Mr. Chow Siu       
    Ngor.                                                                     
                                                                              
    By order of the Board                                                     
    REXCAPITAL Financial Holdings Limited                                     
    Lee Huei Lin                                                              
    Company Secretary                                                         
                                                                              
    Hong Kong, 6 May 2005