09:07 PANORAMA INT'L<08173> - Unusual price movement This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Stock Exchange 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. PANORAMA INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8173) ANNOUNCEMENT We have noted the fluctuation in price of the share of Panorama International Holdings Limited (the "Company") on 10 May, 2005 and wish to state that we are not aware of any reasons for such fluctuation. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under Chapters 19 and 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the "GEM Listing Rules"), neither is the board of directors of the Company (the "Board") aware of any matter discloseable under the general obligation imposed by Rule 17.10 of the GEM Listing Rules, which is or may be of a price-sensitive nature. Made by the order of the Board, the directors of which collectively and individually accept responsibility for the accuracy of this announcement. As at the date of this announcement, the Board comprises four executive directors of the Company namely Mr. Fung Yu Hing, Allan, Ms. Leung Siu Kuen, Janet, Mr. Fung Yee Sang and Mr. Au Lik Man, Simon, two non-executive Directors, namely, Dr. Lo Wing Yan, William, JP and Ms. Fung Suen Lai, Jacqueline and three independent non-executive Directors, namely Mr. Chan Koon Chung, Johnny, Mr. Chau, Stephen and Mr. Hui Kwok Wah. By Order of the Board Panorama International Holdings Limited Fung Yu Hing, Allan Chairman 10 May, 2005, Hong Kong This announcement, for which the directors of the Company (the "Directors") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited 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 page of "Latest Company Announcements" on the GEM website for at least 7 days from the date of its posting. STOCKMARTNET NIL 1ST QUARTERLY DIV NO B/C DATE (8123) (Y.E. 31/12/2005) SUNEVISION NIL 3RD QUARTERLY DIV NO B/C DATE (8008) (Y.E. 30/6/2005) SUNGREEN INTL NIL 1ST QUARTERLY DIV NO B/C DATE (8306) (Y.E. 31/12/2005) SUNSHINE NIL 1ST QUARTERLY DIV NO B/C DATE (8276) (Y.E. 31/12/2005) TONG REN TANG NIL 1ST QUARTERLY DIV NO B/C DATE (8069) (Y.E. 31/12/2005) *VENTUREPHARM NIL FIN DIV 11/05/2005-18/05/2005 (8225) (Y.E. 31/12/2004) (FOR AGM) VERTEX GROUP NIL 1ST QUARTERLY DIV NO B/C DATE (8228) (Y.E. 31/12/2005) WUMART NIL 1ST QUARTERLY DIV NO B/C DATE (8277) (Y.E. 31/12/2005) YONGLONG NIL 1ST QUARTERLY DIV NO B/C DATE (8211) (Y.E. 31/12/2005)