11:02     WAI YUEN TONG<00897> - Announcement (5)                             

    Managing Director                                                         
                                                                              
    Hong Kong, 13 May 2005                                                    
                                                                              
    Notes:                                                                    
                                                                              
    (1)     A member of the Company entitled to attend and vote at the        
    above meeting may appoint a proxy or more than one proxy to attend        
    and vote on his behalf. A form of proxy for use at the above              
    meeting is enclosed herewith. A proxy need not be a member of             
    the Company.                                                              
                                                                              
    (2)     The instrument appointing a proxy shall be in writing under       
    the hand of the appointer or his attorney duly authorized in              
    writing. If the appointer is a corporation, the form of a proxy           
    must be under its common seal or under the hand of an officer,            
    attorney or other person authorized to sign the proxy.                    
                                                                              
    (3)     In order to be valid, the form of proxy together with any         
    power of attorney or other authority (if any) under which it              
    is signed, or a notarially certified copy of that power of                
    attorney or authority, must be deposited at the Hong Kong branch          
    share registrar of the Company, Secretaries Limited, at Ground            
    Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road,         
    Wanchai, Hong Kong, as soon as possible and in any event not              
    less than 48 hours before the time appointed for holding the              
    above meeting or any adjournment.                                         
                                                                              
    (4)     Completion and delivery of the form of proxy will not preclude    
    members from attending and voting at the above meeting or any             
    adjournment thereof, in which case the form of proxy shall be             
    deemed to be revoked.                                                     
                                                                              
    (5)     As at the date of this notice, the board of directors of the      
    company comprises two executive directors, namely Mr. Tang Ching          
    Ho and Mr. Chan Chun Hong, Thomas, a non-executive director,              
    namely Mr. Leung Wai Ho , and three independent non-executive             
    Directors, namely Mr. Siu Man Ho, Simon, Mr. Yuen Chi Choi and            
    Mr. Cho Wing Mou.