10:11     FAIRWOOD HOLD<00052> - Announcement & Resumption (4)                

    associates;                                                               
      Shareholders"                                                           
                                                                              
    "Leaseback"        the tenancy contemplated under the Tenancy Agreement;  
                                                                              
    "Listing Rules"        Rules Governing the Listing of Securities on the   
    Stock Exchange;                                                           
                                                                              
    "Mr. Dennis Lo"        Mr. Lo Hoi Yeung Dennis, the Chairman and Chief    
    Executive of the Company;                                                 
                                                                              
    "Property"        Unit No. 6 on Ground Floor and the whole of Mezzanine   
    Floor, Galaxy Plaza, No. 2 Mong Lung Street, Shaukeiwan, Hong Kong;       
                                                                              
    "Purchaser"        Front Land Properties Limited, the purchaser of the    
    Property;                                                                 
                                                                              
    "SGM"        the special general meeting of the Company to be convened    
    to seek the Independent Shareholders' approval of the Disposal and the    
    Leaseback;                                                                
                                                                              
    "Shareholders"        holders of shares in the Company;                   
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited;          
                                                                              
    "Tenancy Agreement"        the tenancy agreement to be entered into       
    between the Vendor and the Purchaser on the Completion Date, the          
    principal terms of which are set out above;                               
                                                                              
    "Vendor"        Fairwood Fast Food Limited, the vendor of the Property;   
    and                                                                       
                                                                              
    "HK$"        Hong Kong dollar, the lawful currency of Hong Kong.          
                                                                              
    By Order of the Board                                                     
    Fairwood Holdings Limited                                                 
    Ng Chi Keung                                                              
    Executive Director                                                        
                                                                              
    Hong Kong, 9 May 2005                                                     
                                                                              
    As at the date of this announcement, the executive Directors comprise     
    Mr. Lo Hoi Yeung Dennis, Mr. Ng Chi Keung and Mr. Chan Chee Shing; and    
    the independent non-executive Directors comprise Mr. Lau Ling Fai         
    Herald, Mr. Chan Kai Nin Joseph, Mr. Lee Sheung Yam Peter and Mr. Lau     
    Kwok Kuen Peter.