09:23     PEAKTOP INT'L<00925> - Announcement & Resumption (8)                

    US$2,250,000 (equivalent to approximately                                 
    HK$17,550,000) advanced to the Company as to                              
    US$750,000 (equivalent to approximately HK$5,850,000)                     
    by each of Mr. Lin, Mr. Halim and Mr. Ng from 8 April                     
    2005 to 18 April 2005                                                     
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "Subscription Shares"   an aggregate number of                            
    126,258,000 new Shares: (i) as to 42,086,000 new                          
    Shares to be subscribed by Mr. Lin pursuant to the                        
    Lin Capitalisation Agreement; (ii) as to 42,086,000                       
    new Shares to be subscribed by Mr. Halim pursuant to                      
    the Halim Capitalisation Agreement; and (iii) as to                       
    42,086,000 new Shares to be subscribed by Mr. Ng                          
    pursuant to the Ng Capitalisation Agreement                               
                                                                              
    "substantial shareholder"       has the meaning                           
    ascribed to this term under the Listing Rules                             
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency for the                    
    time being of Hong Kong                                                   
                                                                              
    "US$"   United States dollars, the lawful currency for                    
    the time being of the United States of America                            
                                                                              
    "%"     per cent.                                                         
                                                                              
    For the purpose of this announcement, unless                              
    otherwise specified, conversions of US$ into HK$ are                      
    based on the approximate exchange rate of US$1.00 to                      
    HK$7.80.                                                                  
                                                                              
    By order of the board of directors of                                     
    Peaktop International Holdings Limited                                    
    Li Chien Kuan                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 18 May 2005                                                    
                                                                              
    As at the date of this announcement, Mr. Lin Chun Kuei,                   
    Mr. Andree Halim, Mr. Ng Kin Nam, Mr. Li Chien Kuan,                      
    Mr. Guo Yah Taur (alias Peter Ya Tao Kuo), Mr. Lin                        
    Chun Fu and Mr. Graeme Stanley Pope are the Executive                     
    Directors, and The Hon. Bernard Charnwut Chan, Mr.                        
    Goh Gen Cheung and Mr. Ma Chiu Cheung, Andrew are the                     
    Independent Non-executive Directors.                                      
                                                                              
    *  for identification purpose only