10:05     MORNING STAR<00542> - Announcement (2)                              

    to approach new parties to acquire the portion of                         
    shares necessary to achieve the public float                              
    requirement.                                                              
                                                                              
    For the period from 9th April, 2005 to 30th April,                        
    2005 the market was not active and the aggregate                          
    trading volume of the Company's shares amounted to                        
    2,976,000 shares. Firstway and Bonham were unable to                      
    place down any shares to restore the public float of                      
    the Company in April 2005 due to the low trading volume                   
    of the Company's shares.                                                  
                                                                              
    The Company and the substantial shareholders of the                       
    Company namely Firstway and Bonham are unable to state                    
    at this juncture when the public float portion of the                     
    Company's shares can be restored but have undertaken                      
    to the Stock Exchange that they will continue to take                     
    necessary measures to place down the shares and                           
    approach investors in Hong Kong and overseas with the                     
    objective of meeting the public float requirement in                      
    compliance with Rule 8.08 of the Listing Rules on or                      
    before 31st May, 2005.                                                    
                                                                              
    The Stock Exchange has stated that it will closely                        
    monitor the trading in the Company's shares to ensure                     
    a false market does not develop and may suspend the                       
    shares of the Company if there is any unusual price                       
    movement.                                                                 
                                                                              
    Shareholders and investors are advised to exercise                        
    extreme caution when dealing in the shares of the                         
    Company. A further announcement in this respect will                      
    be made by the Company before 31st May, 2005 or the                       
    sooner when the public float is restored.                                 
                                                                              
    By Order of the Board                                                     
    CHAN MOK SENG                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 11th May, 2005                                                 
                                                                              
    As at the date hereof, the Executive Director of the                      
    Company is Mr. CHAN Mok Seng; the Non-Executive                           
    Directors are Tan Sri Dr. KHOO Kay Peng (Chairman),                       
    Mr. CHEANG Yoon Hoong, Mr. KHET Kok Yin, Ms. TAN Lian                     
    Tee and Mr. Anthony YAP (Alternate Director to Mr.                        
    KHET Kok Yin); and the Independent Non-Executive                          
    Directors are Mr. WONG Kim Ling, Mr. OOI Boon Leong                       
    @ LAW Weng Leun and Mr. OH Hong Choon.                                    
                                                                              
    *  For identification purpose only