10:27     CENTURY LEGEND<00079> - Announcement & Resumption (8)               

    Islands and a wholly-owned subsidiary of the Company                      
                                                                              
    "Hong Kong"   Hong Kong Special Administrative Region of the People's     
    Republic of China                                                         
                                                                              
    "Hotel"   Holiday Inn, Macau located at 68, 82, 86 & 102A-D Rua De        
    Pequim, Macau                                                             
                                                                              
    "Hotel Business"   provision of rooms, food and beverages in the Hotel    
    and management of the rental arrangements taken out on the hotel          
    property                                                                  
                                                                              
    "Hotel Manager"   Holiday Inns (Macau) Limited, the manager of the Hotel  
                                                                              
                                                                              
    "Hotel Management Contract"   a hotel management contract in respect of   
    the Hotel dated 30th May, 1990 (as supplemented and varied) and made      
    between Longnex and the Hotel Manager                                     
                                                                              
    "Independent Shareholders"   Shareholders other than China Sky and its    
    associates                                                                
                                                                              
    "JV Agreement"   a joint venture agreement dated 3rd May, 2005 entered    
    into among HKM and CL Properties to regulate the operation of LNX         
                                                                              
    "Keenfull"   Keenfull Investments Limited, a company incorporated in      
    British Virgin Islands and is wholly and beneficially owned by            
    independent third parties                                                 
                                                                              
    "Listing Rules"   the Rules Governing the Listing of Securities on the    
    Stock Exchange                                                            
                                                                              
    "LNX"   LNX Limited, a company incorporated in British Virgin Islands     
    with limited liability and owned as to 50% by CL Properties, a wholly     
    owned subsidiary of China Sky and 50% by HKM, a wholly-owned subsidiary   
    of the Company                                                            
                                                                              
    "Longnex"   Longnex Limited, a company incorporated in Hong Kong with     
    limited liability and is wholly and beneficially owned by Fastpro         
                                                                              
    "Macau"   Macau Special Administrative Region of the People's Republic    
    of China                                                                  
                                                                              
    "Memorandum of Terms"   the memorandum of terms dated 9th April, 2005     
    entered into among Keenfull, Fastpro, LNX, Longnex, the Guarantor and CL  
     Properties relating to, among other things, the Fastpro Call Option and  
     the right to manage the Hotel Business                                   
                                                                              
    "Monthly Option Fee"   the monthly option fee of HK$5.4 million payable   
    by CL Properties to Keenfull pursuant to the Option Agreement             
                                                                              
    "Option Agreement"   the call option agreement dated 3rd May, 2005        
    entered into among Keenfull, Fastpro, LNX, Longnex, the Guarantor and CL  
     Properties setting out full particulars of the Fastpro Call Option and   
    the arrangement for management of the Hotel                               
                                                                              
    "Option Period"   the option period of the Fastpro Call Option lasting    
    for a period of one year commencing from 9th April, 2005 and ending on    
    8th April, 2006                                                           
                                                                              
    "Share(s)"   ordinary share(s) of HK$0.01 each in the issued share        
    capital of the Company                                                    
                                                                              
    "Shareholder(s)"   holder(s) of the Share(s)                              
                                                                              
    "Special General Meeting"   an special general meeting of the Company to  
     be convened and held to consider and, if thought fit, to approve the     
    Agency Agreement, the Novation and the JV Agreement                       
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "%"   per cent.                                                           
                                                                              
    By order of the Board                                                     
    Century Legend (Holdings) Limited                                         
    Chu Ming Tak Evans Tania                                                  
    Executive Director                                                        
                                                                              
    Hong Kong, 6th May, 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises six Directors,   
    of which three are Executive Directors, namely Mr. Tsang Chiu Mo Samuel,  
     Ms. Chu Ming Tak Evans Tania and Mr. Tsang Chiu Ching; and three