09:06     M DREAM INWORLD<08100> - 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.                   
                                                                              
                                                                              
    M Dream Inworld Limited                                                   
    *                                                                         
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8100)                                                        
                                                                              
                                                                              
    FURTHER DELAY IN THE DESPATCH OF CIRCULAR                                 
                                                                              
     MAJOR TRANSACTIONS:                                                      
    (1) SUBSCRIPTION OF M DREAM CHINA SHARES                                  
    (2) ACQUISITION OF VASINA SHARES                                          
                                                                              
                                                                              
    The Company has made an application to the Stock Exchange for a further   
    extension of time limit for the despatch of the Circular to 20 May 2005.  
                                                                              
                                                                              
    By Order of the Board                                                     
    M Dream Inworld Limited                                                   
    Koh Tat Lee, Michael                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 9 May 2005                                                     
                                                                              
    * for identification purpose only                                         
                                                                              
    As at the date of this announcement, the board of Directors consists of   
    Mr. Koh Tat Lee, Michael, Mr. Domingo Chen, Mr. Xu Hanjie, Mr. Wong       
    Shui Fun and Dr. Choong Ying Chuan, being the executive Directors, Mr.    
    Peter Tay Yew Beng, Mr. Wong Kean Li, Mr. Ng Yat Cheung and Dr. Lee Siu   
    Lung, James, being non-executive Directors and Mr. Robert Wong, Ms.       
    Hilda Sung and Mr. Leigh Man Sung, Camballaw, being the independent       
    non-executive Directors.                                                  
                                                                              
                                                                              
    This announcement, for which the Directors collectively and               
    individually accept full responsibility, includes particulars given in    
    compliance with the GEM Listing Rules for the purpose of giving           
    information with regard to the Company.  The Directors, having made all   
    reasonable enquiries, confirm that, to the best of their knowledge and    
    belief:- (1) the information contained in this announcement is accurate   
    and complete in all material respects and not misleading; (2) there are   
    no other matters the omission of which would make any statement in this   
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful consideration     
    and are founded on bases and assumptions that are fair and reasonable.    
                                                                              
                                                                              
    This announcement will remain on the GEM website www.hkgem.com on the     
    "Latest Company Announcements" page for at least 7 days from the date     
    of its posting.