09:28     LAI SUN INT'L<00191>-Announcement&Resumption of Trading (8)         

    Trading of the Company's securities was suspended at the request          
    of the Company with effect from 9:30 a.m. on 13th May, 2005, pending      
    the release of this announcement. Application has been made to the        
    Stock Exchange for the resumption in trading of the Shares with           
    effect from 19th May, 2005.                                               
                                                                              
    DEFINITIONS USED IN THIS ANNOUNCEMENT                                     
                                                                              
    ``Business Day''   a day (excluding Saturday) on which commercial         
    banks in Hong Kong are generally open for and carrying on banking         
    business in Hong Kong                                                     
                                                                              
    ``Company''   Lai Sun Garment (International) Limited, a company          
    incorporated in Hong Kong with limited liability, the Shares of           
    which are listed on the Stock Exchange                                    
                                                                              
    ``Directors''   the directors of the Company                              
                                                                              
    ``Final Acceptance Date''   such date as the Company may approve          
    as the last date for acceptance and payment in respect of                 
    provisional allotments under the Rights Issue, provided that if           
    on such date a Storm Warning is issued in Hong Kong at any time           
    between 9:00 a.m. and 5:00 p.m. then references to the ``Final            
    Acceptance Date'' shall mean the first Business Day thereafter on         
    which no Storm Warning remains issued at any time between 9:00 a.m.       
    and 5:00 p.m.                                                             
                                                                              
    ``Government''   the Government of Hong Kong                              
                                                                              
    ``Group''   the Company and its subsidiaries                              
                                                                              
    ``HK$''   Hong Kong dollars                                               
                                                                              
    ``Hong Kong''   The Hong Kong Special Administrative Region of the        
    People's Republic of China                                                
                                                                              
    ``Latest Termination Time''   5:00 p.m. on the second Business Day        
    immediately following the Final Acceptance Date                           
                                                                              
    ``Listing Rules''   the Rules Governing the Listing of Securities         
    on the Stock Exchange                                                     
                                                                              
    ``Major Shareholders''   Wisdoman Limited (being 50% owned by             
    each of Lam Kin Ngok, Peter and U Po Chu), Lam Kin Ngok, Peter,           
    U Po Chu and Lam Kin Ming                                                 
                                                                              
    ``Non-Qualifying Shareholder(s)''   the Shareholder(s) whose              
    name(s) appear(s) on the register of members of the Company as at         
    the close of business on the Record Date but whose registered             
    address(es) as shown on the register of members of the Company            
    is/are outside Hong Kong, and to whom the Directors, based on the         
    legal advice(s) given by legal counsel(s) of the relevant                 
    jurisdiction(s) regarding the legal restrictions under the laws           
    of the relevant place and the requirements of the relevant                
    regulatory body or stock exchange, consider it necessary or               
    expedient not to offer any Rights Shares                                  
                                                                              
    ``Ordinary Shares''   ordinary shares of HK$0.50 each in the              
    capital of the Company                                                    
                                                                              
    ``PRC''   the People's Republic of China, and for the purpose of          
    this announcement, excluding Taiwan, Hong Kong and Macau Special          
    Administrative Region                                                     
                                                                              
    ``Prospectus''   the prospectus to be issued by the Company in            
    relation to the Rights Issue                                              
                                                                              
    ``Prospectus Documents''   the Prospectus, the provisional                
    allotment letters and forms of application for excess Rights              
    Shares                                                                    
                                                                              
    ``Qualifying Shareholder(s)''   the Shareholder(s), other than            
    the Non-Qualifying Shareholder(s), whose name(s) appear(s) on the         
    register of members of the Company on the Record Date                     
                                                                              
    ``Record Date''   such date as the Company may specify as the             
    record date for determining entitlements to participate in the            
    Rights Issue                                                              
                                                                              
    ``Rights Issue''   the proposed issue by the Company of                   
    179,713,713 Rights Shares at HK$0.50 per Rights Share by way of           
    rights on the basis of one Rights Share for every eight Shares held       
    as at the close of business on the Record Date and otherwise on           
    the terms and subject to the conditions set out in the Underwriting       
    Agreement                                                                 
                                                                              
    ``Rights Shares''   179,713,713 new Shares to be issued under the         
    Rights Issue