10:20 KENFORD GROUP HOLDINGS LIMITED<00464> - Announcement (4) certificates and Warrant certificates (where applicable) in person from Computershare Hong Kong Investor Services Limited, you may collect the same in person from Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Monday, 23rd May, 2005 or any other date notified by the Company in the newspapers as the date of despatch of the same. Applicants being individuals who opt for personal collection must not authorise any other person to make collection on their behalf. Applicants being corporations who opt for personal collection must attend by their authorised representatives bearing a letter of authorisation from their corporations stamped with the corporations' chops. Both individuals and authorised representatives (if applicable) must produce, at the time of collection, evidence of identity acceptable to Computershare Hong Kong Investor Services Limited. If you do not collect your Share certificates and Warrant certificates and/ or refund cheque, if any, within the time specified for collection as mentioned above, they will be sent to the address as specified in your Application Form shortly after the expiry time for personal collection by ordinary post to the address on your Application Form at your own risk. No receipt will be issued for application moneys paid. The Company will not issue temporary evidence of title. If you have applied for less than 1,000,000 Public Offer Shares (with Warrants) or where you have applied for 1,000,000 Public Offer Shares (with Warrants) or more and have not indicated on your application form that you will collect your share certificate(s), warrant certificate(s) and/or refund cheque(s) (if applicable) in person, your share certificate(s), warrant certificate(s) and/or refund cheque(s) (if applicable) will be sent to the address given on your application form on the said date of despatch by ordinary post and at your own risk. If you apply for the Public Offer Shares (with Warrants) using a YELLOW Application Form and your application is wholly or partially successful, your Share certificates and Warrant certificates will be issued in the name of HKSCC Nominees Limited and deposited into CCASS for credit to your CCASS investor participant stock account or the stock account of any designated CCASS participant as instructed by you in your Application Form on your behalf at the close of business on Monday, 23rd May, 2005, or under contingent situation, on any other date as shall be determined by HKSCC or HKSCC Nominees Limited. You should check the number of Public Offer Shares (with Warrants) allotted to you with your designated CCASS participant if you are applying through a designated CCASS participant, or in the announcement to be published by the Company on or about Monday, 23rd May, 2005 and report any discrepancies to HKSCC before 5:00 p.m. on Monday, 23rd May, 2005. If you are applying as an CCASS investor participant. You can also check your new account balance via the CCASS Phone System or the CCASS Internet System (under the procedures contained in HKSCC's ''An Operating Guide for Investor Participants'' in effect from time to time) immediately after the credit of the Public Offer Shares (with Warrants) to your stock account if you are applying as a CCASS investor participant. HKSCC will also make available to you an activity statement showing the number of Public Offer Shares (with Warrants) credited to your CCASS Investor Participant Stock account. If an application is rejected, not accepted or accepted in part only or if the final Offer Price and the Subscription Price are not agreed or if the Offer Price finally agreed is less than the maximum Offer Price of HK$0.85 per Offer Share (with Warrants) or the conditions of the Share Offer described under the paragraph headed "Conditions of the Share Offer" in the Prospectus are not fulfilled in accordance with their terms or if any application is revoked or any allotment pursuant thereto has become void, the Company will refund (in whole or in part, as applicable) your application money, including relevant brokerage fee, the SFC transaction levy, the Stock Exchange trading fee and the SFC investor compensation levy to you WITHOUT INTEREST. For applicants using WHITE or YELLOW Application Forms, all refunds will be made by a cheque crossed ''Account payee only'', and made out to you or, if you are joint applicants, to the first-named applicant on your Application Form on the terms set out under ''Refund of your application money'' on the Application Form. The refund cheque will be sent to the address on your Application Form or if you are joint applicants, to the address of the first-named applicant on your Applicant Form by ordinary post and at your own risk on Monday, 23rd May, 2005 unless otherwise provided herein. The final Offer Price and Subscription Price, the level of indication of interests in the Placing, the results of applications and the basis of allocation of the Public Offer, the number of Offer Shares (with Warrants), if any, reallocated between the Placing and the Public Offer and the Hong Kong Identify Card number/passport number/Hong Kong business registration certificate number of successful applicants will be announced in The Standard (in English) and the Hong Kong Economic Times (in Chinese) on or before Monday, 23rd May 2005. As at the date of this announcement, the executive Directors are Mr. Lam Wai Ming, Mr. Tam Chi Sang and Mr. Chan Kwok Tung, Donny and the independent non-executive Directors are Mr. Chiu Fan Wa, Mr. Li Chi Chung and Mr. Li Tat Wah. By Order of the Board Lam Wai Ming Director Hong Kong, 12th May, 2005