11:29     IPE GROUP<00929> - Announcement & Resumption (9)                    

    time being of Hong Kong                                                   
                                                                              
    "%"     per cent.                                                         
                                                                              
    "sq. m."        square metres                                             
                                                                              
    By order of the board of directors of                                     
    IPE Group Limited                                                         
    Chui Siu On                                                               
    Chairman                                                                  
    Hong Kong, 12 May 2005                                                    
                                                                              
    As at the date of this announcement, the executive                        
    Directors are: Mr. Chui Siu On, Mr. Ng Kin Nam, Mr.                       
    Ho Yu Hoi, Mr. Lai Man Kit and Mr. Li Chi Hang; the                       
    independent non-executive Directors are: Mr. Cheng                        
    Ngok, Mr. Choi Hon Ting, Derek and Mr. Wu Karl Kwok.