09:22     PEAKTOP INT'L<00925> - Announcement & Resumption (6)                

    Ng. Each of Ms. Jocelyn O. Angeleslao and Mr. Ng                          
    beneficially owns 50% of the entire issued share                          
    capital of Jade Investment Limited, which in turn                         
    holds 88,359,800 Shares. Ms. Jocelyn O. Angeleslao                        
    is deemed to be interested in the 24,157,200 Shares                       
    directly held by Mr. Ng and she is also the beneficial                    
    owner of 7,601,000 Shares.                                                
                                                                              
    Mr. Lin, Mr. Halim, Mr. Ng and their respective                           
    associates, including Mr. CF Lin, Tian Wan Pte. Ltd.,                     
    Mr. Daniel Halim, Jade Investment Limited and Ms.                         
    Jocelyn O. Angeleslao, will abstain from voting for                       
    the relevant resolutions approving the                                    
    Capitalisation and the allotment and issue of the                         
    Subscription Shares at the SGM.                                           
                                                                              
    The Independent Board Committee comprising the three                      
    independent non-executive Directors will be formed                        
    to advise the Independent Shareholders as to whether                      
    the terms of the Capitalisation are fair and                              
    reasonable and whether the Capitalisation is in the                       
    interests of the Company and the Shareholders as a                        
    whole and to advise on the Independent Shareholders                       
    on how to vote, taking into account of the                                
    recommendations of an independent financial advisers.                     
    An independent financial adviser will be appointed                        
    to advise the Independent Board Committee and the                         
    Independent Shareholders in this regard.                                  
                                                                              
    Application will be made by the Company to the Stock                      
    Exchange for the listing of, and permission to deal                       
    in, the Subscription Shares.                                              
                                                                              
    A circular containing, among other things, further                        
    details of the Capitalisation, the IFA Letter, the                        
    recommendation of the Independent Board Committee to                      
    the Independent Shareholders on the Capitalisation                        
    together with the notice of the SGM will be despatched                    
    to the Shareholders within 21 days from the date of                       
    this announcement.                                                        
                                                                              
    Trading in the Shares on the Stock Exchange was                           
    suspended at the request of the Company from 9:30 a.m.                    
    on 28 April 2005 pending the release of this                              
    announcement. Application has been made to the Stock                      
    Exchange for the resumption of trading in Shares at                       
    9:30 a.m. on 19 May 2005.                                                 
                                                                              
    DEFINITIONS                                                               
    In this announcement, unless the context otherwise                        
    requires, the following expressions shall have the                        
    following meaning:                                                        
                                                                              
    "associates"    has the meaning ascribed to this term                     
    under the Listing Rules                                                   
                                                                              
    "Capitalisation"        the subscription of the                           
    Subscription Shares at HK$0.139 per Subscription                          
    Share by Mr. Lin, Mr. Halim and Mr. Ng under the Lin                      
    Capitalisation Agreement, Halim Capitalisation                            
    Agreement and Ng Capitalisation Agreement                                 
    respectively by capitalising the entire amount of the                     
    Shareholders' Loans                                                       
                                                                              
    "Capitalisation Agreements"     collectively the Lin                      
    Capitalisation Agreement, Halim Capitalisation                            
    Agreement and Ng Capitalisation Agreement                                 
                                                                              
    "Company"       Peaktop International Holdings Limited,                   
    a company incorporated in Bermuda with limited                            
    liability and the issued Shares of which are listed                       
    on the main board of the Stock Exchange                                   
                                                                              
    "Completion"    completion of the Capitalisation                          
    pursuant to the Capitalisation Agreements