10:23     RICHE M-MEDIA<00764> - 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.                   
                                                                              
    RICHE MULTI-MEDIA HOLDINGS LIMITED                                        
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 764)                                                         
                                                                              
    MAJOR TRANSACTION INVOLVING                                               
    ISSUE OF CONVERTIBLE NOTE                                                 
    AND GRANT OF BK SHARE OPTION                                              
                                                                              
    DELAY IN DESPATCH OF THE CIRCULAR                                         
                                                                              
    An application has been made to the Stock Exchange by the Company for a   
    waiver from strict compliance with Rule 14.38 of the Listing Rules by     
    extending the despatch date of the Circular to no later than 27th May,    
    2005.                                                                     
                                                                              
    Reference is made to the announcement of Riche Multi-Media Holdings       
    Limited (the "Company") dated 15th April, 2005 (the "Announcement") in    
    relation to, among other things, the proposed acquisition of a 100%       
    equity interest in Best Winning by Dragon Leader and the entering into    
    of a Sub-Marketing Agreement by Best Winning whereby Best Winning is      
    being appointed as the sole and exclusive service provider for the        
    promotion and introduction of customers to the Vessel and the provision   
    of Rolling and Settlement Services for customers of the Casino. Terms     
    used herein shall have the same meanings as defined in the Announcement   
    unless defined otherwise.                                                 
                                                                              
    As stated in the Announcement, a circular (the "Circular") containing,    
    among other things, details of the Acquisition Agreement will be          
    despatched to Shareholders as soon as practicable in accordance with the  
    Listing Rules.                                                            
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, the Company is required to   
    send the Circular to Shareholders within 21 days after publication of     
    the Announcement. However, as additional time is required to finalise     
    financial details on the Company and its subsidiaries for inclusion in    
    the Circular, an application has been made to the Stock Exchange by the   
    Company for a waiver from strict compliance with Rule 14.38 of the        
    Listing Rules by extending the despatch date of the Circular to no later  
    than 27th May, 2005.                                                      
                                                                              
    Shareholders and potential investors of the Company should note that      
    Completion, which is subject to a number of conditions, may or may not    
    take place. Shareholders and potential investors of the Company are       
    advised to exercise caution when dealing in the Shares.                   
                                                                              
    By Order of the Board                                                     
    Riche Multi-Media Holdings Limited                                        
    Heung Wah Keung                                                           
    Chairman                                                                  
                                                                              
    Hong Kong, 6th May, 2005                                                  
                                                                              
    As at the date of this announcement the executive directors of the        
    Company are Mr. Heung Wah Keung, Ms. Chen Ming Yin, Tiffany and Mr. Lei   
    Hong Wai and the independent non-executive directors of the Company are   
    Mr. Lien Wai Hung, Mr. Tang Chak Lam, Gilbert and Mr. Ho Wai Chi, Paul.