09:11     KIU HUNG INT'L<00381> - 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.                   
                                                                              
    Kiu Hung International Holdings Limited                                   
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 381)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    As additional time is required to finalise the information to be          
    included in the Circular including the letter from the independent        
    financial adviser, the despatch of the Circular will be delayed from 17   
    May 2005 to on or before 27 May 2005.                                     
                                                                              
    The Company has applied to the Stock Exchange for a waiver from strict    
    compliance with Rule 14.38 and 14A.49 of the Listing Rules such that the  
    despatch of the Circular will be postponed to on or before 27 May 2005.   
                                                                              
    Reference is made to the press announcement (the "Announcement") issued   
    by the Company dated 25 April 2005 in relation to, among other matters,   
    the Disposal. Capitalised terms used in this announcement shall have the  
    same meanings as those defined in the Announcement unless otherwise       
    stated.                                                                   
                                                                              
    Pursuant to Rule 14.38 and 14A.49 of the Listing Rules, the Company is    
    required to despatch the circular (the "Circular") containing, among      
    other matters, details of the Disposal to the Shareholders within 21      
    days after the publication of the Announcement, which shall be on or      
    before 17 May 2005. As additional time is required to finalise the        
    information to be included in the Circular including the letter from the  
    independent financial adviser, the despatch of the Circular will be       
    delayed from 17 May 2005 to on or before 27 May 2005.                     
                                                                              
    The Company has applied to the Stock Exchange for a waiver from strict    
    compliance with Rule 14.38 and 14A.49 of the Listing Rules such that the  
    despatch of the Circular will be postponed to on or before 27 May 2005.   
                                                                              
    By order of the Board                                                     
    Kiu Hung International Holdings Limited                                   
    Hui Kee Fung                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 17 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises three executive  
    Directors, Mr Hui Kee Fung, Mr Hui Ki Yau, Madam Hui Hung Tan, Teresa     
    and three independent non-executive Directors, Mr Sy Chin Mon, Stephen,   
    Dr Lin Al Yue and Mr Peng Guanghui.