10:44     CHEUNG TAI HONG<00199> - 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.                                                     
                                                                              
    *                                                                         
    CHEUNG TAI HONG HOLDINGS LIMITED                                          
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 199)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    The Company has applied to the Stock Exchange for an                      
    extension of deadline for despatch of the Circular                        
    in relation to, among other things, the proposed                          
    Subscription and Placing from 12 May 2005 to 23 May                       
    2005.                                                                     
                                                                              
    Reference is made to the announcement made by the                         
    Company dated 20 April 2005 (the "Announcement") in                       
    relation to, among other things, the proposed                             
    Subscription and the Placing. Unless otherwise                            
    specified, terms used herein shall have the same                          
    meanings as defined in the Announcement.                                  
                                                                              
    Since the subscription of Subscription Convertible                        
    Notes by Kopola constitutes a connected transaction                       
    of the Company under Rule 14A.13(1)(a) of the Listing                     
    Rules, the circular in relation to the proposed                           
    Subscription and Placing (the "Circular") should be                       
    sent to the Shareholders within 21 days after                             
    publication of the Announcement under Rule 14A.49 of                      
    the Listing Rules, and in this case on or before 12                       
    May 2005.                                                                 
                                                                              
    As more time is required to finalise the Circular                         
    including the letter of advice from the independent                       
    financial adviser to the Independent Board Committee                      
    and the independent Shareholders, application have                        
    been made to the Stock Exchange for consent to an                         
    extension of the time for despatch of the Circular                        
    from 12 May 2005 to 23 May 2005.                                          
                                                                              
    By Order of the Board of                                                  
    Cheung Tai Hong Holdings Limited                                          
    Cheung Yuk Ming                                                           
    Company Secretary                                                         
                                                                              
    Hong Kong, 12 May 2005                                                    
                                                                              
    As at the date of announcement, the Board comprises                       
    Mr. Cheung Hon Kit (Chairman), Mr. Chan Fut Yan, Mr.                      
    Tse Cho Tseung, and Ms. Cheung Sze Man as executive                       
    Directors, Mr. Lo Lin Shing, Simon as non-executive                       
    Director, Mr. Ho Hau Chong, Norman (Deputy Chairman),                     
    Mr. Wong Chi Keung, Alvin, Mr. Kwok Ka Lap, Alva and                      
    Mr. Zhang Shichen as independent non-executive                            
    Directors.                                                                
                                                                              
    *  For identification purpose only