09:27     LAI SUN INT'L<00191>-Announcement&Resumption of Trading (6)         

    Existing Shares are expected to be dealt in on an ex-rights basis         
    from 31st May, 2005. Dealings in the Rights Shares in nil-paid form       
    are expected to take place from 17th June, 2005 to 24th June, 2005        
    (both days inclusive). If the Underwriter terminates the                  
    Underwriting Agreement (see the paragraph headed ``Termination of         
    the Underwriting Agreement'' above), or if the conditions of the          
    Rights Issue (see the section headed ``Conditions of the Rights           
    Issue'' above) are not fulfilled, the Rights Issue will not               
    proceed.                                                                  
                                                                              
    Any buying or selling of the Shares from now up to the date on which      
    all such conditions are fulfilled, and any buying or selling of           
    nil-paid Rights Shares, is at investors' own risk.                        
                                                                              
    If in any doubt, investors should consider obtaining professional         
    advice.                                                                   
                                                                              
    Assuming that (a) the Rights Issue proceeds and is completed and          
    (b) the Major Shareholders have taken up their respective                 
    entitlements under the Rights Issue in full, the interests of the         
    Major Shareholders in the issued share capital of the Company             
    immediately after the completion of the Rights Issue will be as           
    follows:                                                                  
                                                                              
    Major Shareholders   No. of Shares beneficially owned as at the           
    date of this announcement and on the Record Date   Percentage of          
    shareholding before the Rights Issue   No. of Shares owned on             
    completion of the Rights Issue assuming that the public                   
    Shareholders have taken                                                   
                                                                              
    up their entitlements                                                     
                                                                              
    in full   Percentage of shareholding after the Rights Issue   No.         
    of Shares owned on completion of the Rights Issue assuming that           
    none of the public Shareholders will take up their entitlement and        
    the Underwriter honours its underwriting commitment   Percentage          
    of shareholding after the Rights Issue                                    
                                                                              
    Wisdoman Limited (Note 1)   484,991,750   33.73%   545,615,718            
    33.73%   545,615,718   33.73%                                             
    Lam Kin Ngok, Peter                                                       
    (Note 2)   110,794,951   7.71%   124,644,319   7.71%                      
    124,644,319   7.71%                                                       
    Lam Kin Ming (Note 3)   4,451,790   0.31%   5,008,263   0.31%             
    5,008,263   0.31%                                                         
    U Po Chu (Note 4)   3,669,000   0.26%   4,127,625   0.26%                 
    4,127,625   0.26%                                                         
    Underwriter   0   0   0   0   104,225,279   6.44%                         
    Public   833,802,219   57.99%   938,027,498   57.99%                      
    833,802,219   51.55%                                                      
    Total:   1,437,709,710   100%   1,617,423,423   100%                      
    1,617,423,423   100%                                                      
                                                                              
    Note 1: Wisdoman Limited is 50% owned by Madam U Po Chu and 50%           
    owned by Mr. Lam Kin Ngok, Peter.  Madam U Po Chu is an                   
    non-executive director and Mr. Lam Kin Ngok, Peter is the Deputy          
    Chairman and executive director of the Company.                           
                                                                              
    Note 2: Mr. Lam Kin Ngok, Peter is the Deputy Chairman and executive      
    director of the Company.                                                  
                                                                              
    Note 3: Mr. Lam Kin Ming is the Chairman and executive director           
    of the Company.                                                           
                                                                              
    Note 4: Madam U Po Chu is a non-executive director of the Company.        
                                                                              
    REASONS FOR THE RIGHTS ISSUE AND USE OF THE PROCEEDS                      
                                                                              
    The Company is the holding company of the Group and is principally        
    engaged in investment holding, the manufacture and sale of                
    garments and in property investment.  The Company is the holding          
    company of Crocodile Garments Limited (``CGL''), a company listed         
    on the Stock Exchange with business in the manufacturing and sale         
    of garments and property investment, holding approximately 54.93%         
    of the issued share capital of CGL.  In addition, the Company has         
    an interest of approximately 45.13% in Lai Fung Holdings Limited,         
    a company listed on the Stock Exchange with property interests            
    principally in the mainland of China, and being equity accounted          
    for as an associate in the Group's consolidated financial                 
    statements; and has an interest of approximately 12.42% in Lai Sun        
    Development Company Limited, a company listed on the Stock                
    Exchange with property and media-related interests and being              
    accounted for as a long-term investment in the Group's                    
    consolidated financial statements.