11:20     GOLDEN RESORTS<01031> - Announcement (4)                            

    to above in respect of the purported transaction                          
    between them, Sky Beyond represented that it had a                        
    pre-existing personal or business relationship with                       
    China Energy or any of its managers, officers or                          
    controlling persons. Subject as aforesaid, the Board                      
    does not know whether Mr. Li Hing Shing is in any way                     
    related to China Energy, its directors, its ultimate                      
    beneficial owners and their respective associates.                        
                                                                              
    As at the date of this announcement, the Company is                       
    not aware of any Shareholder or his associate has any                     
    interest in the Disposal which is different from other                    
    Shareholders and is required to abstain from voting                       
    in favour of the relevant resolutions at the SGM for                      
    approval of the Disposal.                                                 
                                                                              
    Based on the share register of the Company as of 6                        
    May 2005, none of China Energy, its directors or Mr.                      
    Li Hing Sing held any shares in the Company. Subject                      
    as aforesaid, the Board does not know whether the                         
    beneficial owners of China Energy or the respective                       
    associates of the aforementioned parties hold any                         
    shares in the Company.                                                    
                                                                              
    Further announcements and/or supplemental circular                        
    in respect of the Further Material Information and                        
    the date for the resumption of the SGM in accordance                      
    with Rule 13.73 will be made as and when appropriate                      
    in accordance with the Listing Rules.                                     
                                                                              
    As at the date of this announcement, the executive                        
    Directors are Mr. Cheung Yu Shum, Jenkin, Mrs. Chu                        
    Yuet Wah, Mr. Chu Yuk Kuen and Mr. Wong Hin Shek, Hans,                   
    the non-executive Director is Mr. Lee Wai Man and the                     
    independent non-executive Directors are Mr. Chan Chi                      
    Yuen, Mr. Shum Ka Hei and Mr. Wong King Shiu, Daniel.                     
                                                                              
    By Order of the Board                                                     
    Golden Resorts Group Limited                                              
    Mr. Cheung Yu Shum, Jenkin                                                
    Chairman                                                                  
                                                                              
    Hong Kong, 9 May, 2005                                                    
                                                                              
    *  for identification purpose only