09:12     ZHONG HUA INT'L<01064>-Announcement&Resumption of Trading(4)        

    9:30 a.m. on 19 May 2005.                                                 
                                                                              
    DEFINITIONS                                                               
                                                                              
    In the announcement, the following expressions have the meanings set      
    out below unless the context otherwise requires.                          
                                                                              
    "associate(s)"  has the meaning ascribed in the Listing Rules             
                                                                              
    "Board"  the board of Directors                                           
                                                                              
    "Business Day"  any day (excluding a Saturday) on which banks generally   
    open for business in Hong Kong                                            
                                                                              
    "Company"  Zhong Hua International Holdings Limited, a company            
    incorporated in the Bermuda with limited liability and the Shares of      
    which are listed on the main board of the Stock Exchange                  
                                                                              
    "Completion Date"  the third Business Day after the fulfillment of the    
    condition of the Placing or such other date as may be agreed between      
    the parties to the Placing Agreement                                      
                                                                              
    "Director(s)"  the director(s) of the Company                             
                                                                              
    "Group"  the Company and its subsidiaries                                 
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "Placees"  any individual(s), institutional or other professional         
    investor(s) or any of their respective subsidiaries or associates         
    procured by the Placing Agent to subscribe for any of the Placing         
    Shares pursuant to the Placing Agreement                                  
                                                                              
    "Placing"  placing of the Placing Shares at the Placing Price pursuant    
    to the Placing Agreement                                                  
                                                                              
    "Placing Agent"  Get Nice Investment Limited, a deemed licensed           
    corporation within the meaning of the SFO                                 
                                                                              
    "Placing Agreement"  a conditional placing agreement entered into         
    between the Company and the Placing Agent dated 17 May 2005               
                                                                              
    "Placing Price"  HK$0.020 per Placing Share                               
                                                                              
    "Placing Shares"  783,000,000 new Shares to be placed under the Placing   
                                                                              
    "PRC"  the People's Republic of China                                     
                                                                              
    "SFO"  the Securities and Futures Ordinance (Chapter 571 of the Laws of   
    Hong Kong)                                                                
                                                                              
    "Share(s)"  the ordinary share(s) of HK$0.02 each in the capital of the   
    Company                                                                   
                                                                              
    "Shareholder(s)"  holder(s) of the Shares                                 
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "HK$"  Hong Kong dollars                                                  
                                                                              
    "%"  per cent.                                                            
                                                                              
    By order of the Board                                                     
    Zhong Hua International Holdings Limited                                  
    Ho Tsam Hung                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 18 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises (i) Mr. Ho       
    Tsam Hung, Mr. Yang Jia Jian and Mr. Ho Kam Hung as executive             
    Directors; (ii) Ms. Yeung Mo Sheung, Ann as non-executive Director; and   
    (iii) Mr. Ng Kin Sun, Mr. Young Kwok Sui and Mr. Wong Ting Kon as         
    independent non-executive Directors.                                      
                                                                              
    *  For identification purpose only