09:59 ORIENT RES GP<00467> - Announcement (4) that there is a change in the expected timetable with regard to the exchange trading arrangements. Subject to the Capital Reorganization becoming effective, which is currently expected to be 22 July 2005, the original counter for trading in the existing Shares in board lots of 2,000 Shares will be temporarily closed. A temporary counter for trading in the New Shares (in the form of existing share certificates) in board lots of 200 New Shares of HK$0.10 each will be established on 22 July 2005. Share certificates for the Shares may only be traded at the temporary counter. With respect to the conversion of New Shares of HK$0.01 each from Shares of HK$0.10 each, the conversation ratio will be 10 to 1. Shareholders may on or after 22 July 2005 and until 2 September 2005 (both days inclusive), submit their share certificates for Shares to the Registrar for exchange for share certificates for the New Shares at the expense of the Company. After the prescribed time for free exchange of share certificates, a fee of HK$2.50 (or such higher amount as may from time to time be allowed by the Stock Exchange) will be payable by the Shareholders to the Registrar for exchange of share certificates. With effect from 5 August 2005, the original counter for trading in the Shares will be reopened for trading in the New Shares (in the form of new share certificates) in board lots of 2,000 New Shares of HK$0.01 each. From 5 August 2005 to 26 August 2005, both dates inclusive, there will be parallel trading at the above two counters. The temporary counter for trading in the New Shares (in the form of existing share certificates) in board lots of 200 New Shares of HK$0.10 each will be removed after the close of trading on 26 August 2005. Thereafter, trading in the New Shares of HK$0.01 each will be in the form of new share certificates only. The existing share certificates for Shares will cease to be marketable and will not be acceptable for dealing and settlement purposes. However, such share certificates will remain effective as documents of title on the basis of 10 Shares equal to 1 New Shares. EXPECTED TIMETABLE The expected timetable for the Change of Domicile, Capital Reorganisation and change of board lot size is as follows: Despatch of the circular 24 May 2005 Publication of the notice of the EGM 24 May 2005 Latest time for lodging the form of proxy for the EGM 10 a.m. 15 June 2005 EGM 10 a.m. 17 June 2005 Announcement of results of the EGM 20 June 2005 Expected date on which the Change of Domicile becomes effective 1 July 2005* Expected date of publication of a notice in an appointed newspaper in Bermuda regarding the Capital Reorganisation 1 July 2005 Expected date on which the Capital Reorganisation becomes effective 22 July 2005 Original counter for trading in Shares in board lots of 2,000 Shares of HK$0.10 each temporarily closes 9:30 a.m. 22 July 2005 Temporary counter for trading in New Shares (in the form of existing share certificates) in board lots of 200 New Shares of HK$0.10 each opens 9:30 a.m. 22 July 2005 First day for free exchange of existing Share certificates for New Share certificates 22 July 2005 Original counter for trading in New Shares (in the form of new share certificates) in board lots of 2,000 New Shares of HK$0.01 each re-opens 9:30 a.m. 5 August 2005 Parallel trading in New Shares commences 9:30 a.m. 5 August 2005 First day of operation of odd lot trading facility 5 August 2005 Temporary counter for trading in New Shares (in the form of existing share certificates) in board lots of 200 New Shares of HK$0.10 each closes 4:00 p.m. 26 August 2005 Parallel trading ends 4:00 p.m. 26 August 2005 Last day of operation of odd lot trading facility 26 August 2005 Latest time for free exchange of share certificates 4:00 p.m. 2 September 2005 * The expected effective dates for the Change of Domicile and Capital Reorganisation are subject to the relevant conditions precedent (including Shareholders' approval) being fulfilled. APPLICATION FOR LISTING Application will be made to the Stock Exchange for the granting of the listing of, and permission to deal in, the New Shares arising from the Capital Reorganisation and all necessary arrangements will be made for the New Shares to be admitted into the Central Clearing and Settlement System established and operated by Hong Kong Securities Clearing Company