09:53     BAUHAUS INTERNATIONAL (HOLDINGS) LIMITED<00483> - Ann. (1)          

    The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'')          
    and Hong Kong Securities Clearing Company Limited (``HKSCC'') take        
    no responsibility for the contents of this announcement, make no          
    representation as to its accuracy or completeness and expressly           
    disclaim any liability whatsoever for any loss howsoever arising          
    from or in reliance upon the whole or any part of the contents of         
    this announcement.                                                        
                                                                              
    This announcement is for information purpose only and does not            
    constitute an invitation or offer to acquire, purchase or                 
    subscribe for securities.                                                 
                                                                              
    Unless the context requires otherwise, capitalised terms used             
    herein shall have the same meanings as defined in the prospectus          
    (the ``Prospectus'') of Bauhaus International (Holdings) Limited          
    (the ``Company'') dated 29th April, 2005.                                 
                                                                              
    In connection with the Share Offer, SHKIS (for itself and on behalf       
    of the Underwriters) may effect transactions which stabilise or           
    maintain the market price of the Shares at levels above those which       
    might otherwise prevail for a limited period after the issue date.        
    There is no obligation on SHKIS to conduct such stabilising               
    activity. Such stabilisation action, if commenced, may be                 
    discontinued at any time, and is required to be brought to an end         
    after a limited period. Such transactions may be effected in all          
    jurisdictions where it is permissible to do so, in each case in           
    compliance with all applicable laws and regulatory requirements           
    including the Securities and Futures (Price Stabilizing) Rules            
    (Chapter 571W of the Laws of Hong Kong). Further details of the           
    intended stabilisation and how it will be regulated under the SFO         
    are contained in the Prospectus.                                          
                                                                              
    Bauhaus International (Holdings) Limited                                  
     (incorporated in the Cayman Islands with limited liability)              
                                                                              
    NEW ISSUE BY WAY OF                                                       
    PLACING AND PUBLIC OFFER                                                  
                                                                              
    Number of Offer Shares   :   91,000,000 New Shares (subject to the        
    Over-allotment Option)                                                    
    Number of Placing Shares   :  45,500,000 New Shares                       
    (as adjusted after re-allocation and subject to the Over-allotment        
    Option)                                                                   
    Number of Public Offer Shares   :  45,500,000 New Shares (as              
    adjusted after re-allocation)                                             
    Offer Price   :  HK$1.25 per Offer Share (plus brokerage of 1%,           
    SFC transaction                                                           
     levy of 0.005%, SFC investor compensation levy of 0.002% and             
     Stock Exchange trading fee of 0.005% on the Offer Price)                 
     (payable in full on application and subject to refund)                   
    Nominal value   : HK$0.10 each                                            
    Stock code   : 483                                                        
                                                                              
    Sponsor                                                                   
    SUN HUNG KAI INTERNATIONAL LIMITED                                        
                                                                              
    Joint Lead Managers                                                       
    SUN HUNG KAI INVESTMENT SERVICES LIMITED                                  
    KIM ENG SECURITIES (HONG KONG) LIMITED                                    
                                                                              
    Managers                                                                  
                                                                              
    CMB International Capital Corporation Limited   China Everbright          
    Securities (HK) Limited                                                   
    Core Pacific - Yamaichi International (H.K.) Limited   DBS Asia           
    Capital Limited                                                           
    SBI E2-Capital Securities Limited   Taiwan Securities (Hong Kong)         
    Company Limited                                                           
    UOB Kay Hian (Hong Kong) Limited                                          
                                                                              
    SUMMARY                                                                   
                                                                              
    .  The Offer Price has been fixed at HK$1.25 for each Offer Share         
    (plus brokerage of 1%, SFC transaction levy of 0.005%, SFC investor       
    compensation levy of 0.002% and Stock Exchange trading fee of             
    0.005% on the Offer Price).                                               
                                                                              
    .  A total of 6,537 valid applications have been received pursuant        
    to the Public Offer on WHITE, YELLOW and PINK application forms           
    for a total of 5,450,716,000 Shares, equivalent to approximately          
    599 times of the total number of 9,100,000 Public Offer Shares            
    initially available for subscription.