10:10     HANNY HOLDINGS<00275> - Announcement                                

    The Stock Exchange of Hong Kong Limited 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.                   
                                                                              
                                                                              
    HANNY HOLDINGS LIMITED                                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 275)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
                                                                              
    The Company has applied for a waiver from the strict compliance with      
    Rule 14.38 of the Listing Rules by extending the despatch date of the     
    Circular to no later than 31st May, 2005.                                 
                                                                              
    Reference is made to the announcement issued by Hanny Holdings Limited    
    dated 20th April, 2005 (the "Announcement") in relation to a major        
    transaction regarding the subscription of a convertible note of Cheung    
    Tai Hong Holdings Limited, the shares of which are listed on the main     
    board of the Stock Exchange. Terms used herein shall have the same        
    meanings as those defined in the Announcement unless the context          
    requires otherwise.                                                       
                                                                              
    In compliance with Rule 14.38 of the Listing Rules, the circular in       
    relation to the Subscription (the "Circular") is required to be sent to   
    the Shareholders within 21 days after publication of the Announcement,    
    which is, on or before 12th May, 2005.                                    
                                                                              
    As additional time is required for the preparation of (i) pro forma       
    financial information of the Group taking into account the Subscription;  
     and (ii) other financial information of the Group for inclusion in the   
    Circular, application has been made to the Stock Exchange for consent to  
     extend the deadline for despatch of the Circular to 31st May, 2005.      
                                                                              
    As at the date of this announcement, the directors of the Company are as  
     follows:                                                                 
                                                                              
    Executive Directors:   Non-executive Directors:                           
    Dr. Chan Kwok Keung, Charles   Mr. Fok Kin-ning, Canning                  
    Dr. Yap, Allan   Mr. Ip Tak Chuen, Edmond                                 
    Mr. Lui Siu Tsuen, Richard   Mr. Cheung Hon Kit                           
    Mr. Chan Kwok Hung   Ms. Shih, Edith                                      
         (Alternate to Mr. Fok Kin-ning, Canning)                             
                                                                              
    Independent Non-executive Directors:                                      
    Mr. Yuen Tin Fan, Francis                                                 
    Mr. Kwok Ka Lap, Alva                                                     
    Mr. Wong King Lam, Joseph                                                 
                                                                              
    By order of the board                                                     
    HANNY HOLDINGS LIMITED                                                    
    Cheng Wai Chu, Judy                                                       
    Company Secretary                                                         
                                                                              
    Hong Kong, 11th May, 2005