09:16     GORIENT<00729> - Announcement & Resumption of Trading (5)           

    Exchange for resumption of trading from 9:30 a.m. on 19 May 2005.         
                                                                              
    Shareholders and potential investors should note that the Placing is      
    subject to condition to be fulfilled, shareholders and potential          
    investors are reminded to exercise caution when dealing in the Shares.    
                                                                              
    DEFINITIONS                                                               
                                                                              
    "associate(s)"        has the meaning ascribed thereto under the          
    Listing Rules                                                             
                                                                              
    "Board"        the board of Directors of the Company                      
                                                                              
    "Company"        Gorient (Holdings) Limited, a company incorporated in    
    Bermuda with limited liability, the shares of which are listed on the     
    Stock Exchange                                                            
                                                                              
    "Director(s)"        director(s) of the Company                           
                                                                              
    "Greater China Region"        Hong Kong and China                         
                                                                              
    "Group"        the Company and its subsidiaries                           
                                                                              
    "HK$"        Hong Kong dollars, the lawful currency of Hong Kong          
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    People's Republic of China                                                
                                                                              
    "Listing Rules"        the Rules Governing the Listing of Securities      
    on the Stock Exchange                                                     
                                                                              
    "Placing"        the placing of 345,000,000 Shares at the Placing         
    Price to at least six (6) independent investors pursuant to the           
    Placing Agreement dated 13 May 2005                                       
                                                                              
    "Placing Agent"        Kim Eng Securities (Hong Kong) Limited, a          
    licensed corporation under the Securities and Futures Ordinance (Cap.     
    571 of the Laws of Hong Kong) permitted to engage in Type 1 and 4 of      
    the regulated activities                                                  
                                                                              
    "Placing Agreement"        the conditional placing agreement dated 13     
    May 2005 between the Company and the Placing Agent in respect of the      
    Placing                                                                   
                                                                              
    "Placing Price"        HK$0.04 per Placing Share                          
                                                                              
    "Placing Shares"        345,000,000 new Shares to be placed pursuant      
    to the Placing                                                            
                                                                              
    "PRC"        The People's Republic of china                               
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.01 each in the share          
    capital of the Company                                                    
                                                                              
    "Shareholder(s)"        holder(s) of the share(s)                         
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "United States"        United States of America                           
                                                                              
            By Order of the Board                                             
            Gorient (Holdings) Limited                                        
            Loo Chung Keung, Steve                                            
            Executive Director                                                
                                                                              
    Hong Kong, 18 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises (1) Mr. Loo      
    Chung Keung, Steve, Mr. Chan Wai Ming, Ms. Tin Yuen Sin, Carol and Mr.    
    Sun Yeung Yeung; (2) Mr. Gouw Kar Yiu, Carl, Ms. Gouw San Bo,             
    Elizabeth and Mr. Tung Tat Chiu, Michael as non-executive Directors       
    and; (3) Mr. Chan Chun Wai, Mr. Pang Chun Sing and Mr. Wong Miu Sung      
    as independent non-executive Directors.                                   
                                                                              
    * For identification purposes only