09:13     CARRY WEALTH<00643> - Announcement (4)                              

    "Company"   Carry Wealth Holdings Limited, a                              
    company incorporated in Bermuda with limited                              
    liability and the shares of which are listed on the                       
    main board of the Stock Exchange                                          
                                                                              
    "Disposal"   the deemed disposal of interest in                           
    SWHT by SPL upon completion of the Agreement                              
                                                                              
    "Director(s)"   the director(s) of the Company                            
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative                        
    Region of the PRC                                                         
                                                                              
    "Listing Rules"   the Rules Governing the Listing                         
    of Securities on the Stock Exchange                                       
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Raw Materials Agreement"   the Supply of Products,                       
    Raw Materials and Processing Services Agreement entered                   
    into between SDWQ and WQT on 25th August, 2003,                           
    details of which have been set out in the circular                        
    of the Company dated 7th April, 2004                                      
                                                                              
    "SGM"   the special general meeting of the Company                        
    to be convened for the Shareholders to consider and,                      
    if thought fit, approve the Agreement in relation                         
    to the Disposal or any adjournment thereof                                
                                                                              
    "SDWQ"   * (Shandong                                                      
    Weiqiao Chuangye Group Company Limited), a limited                        
    liability company established under the laws of the                       
    PRC and a substantial shareholder of SWHT                                 
                                                                              
    "SWHT"   * (ShanDong                                                      
    WeiQiao HengFu Textile Limited), a sino-foreign                           
    equity joint venture established under the laws of                        
    the PRC and an indirect subsidiary of the Company                         
                                                                              
    "Shareholders"   shareholders of the Company                              
                                                                              
    "SPL"   Sino Precision Limited, a company                                 
    incorporated in the British Virgin Islands with                           
    limited liability and an indirect subsidiary of the                       
    Company                                                                   
                                                                              
    "Stock    The Stock Exchange of Hong Kong Limited                         
      Exchange"                                                               
                                                                              
    "substantial shareholder"    has the meaning                              
    ascribed to it under the Listing Rules                                    
                                                                              
                                                                              
    "Supply Agreements"   Electricity and Steam Supply                        
    Agreement, Water Supply Agreement and Waste Water                         
    Treatment Service Agreement all dated 5th March,                          
    2004, details of which have been set out in                               
    the circular of the Company dated 7th April, 2004                         
                                                                              
    "WQT"   * (Weiqiao Textile                                                
    Company Limited), a joint stock limited company                           
    established in the PRC, the H shares of which are                         
    listed on the Stock Exchange and a subsidiary of                          
    SDWQ                                                                      
                                                                              
    "Written Undertaking"   The written undertaking                           
    signed by SDWQ on 5th March, 2004, details of which                       
    have been set out in the circular of the Company                          
    dated 7th April, 2004                                                     
                                                                              
    "HK$"   Hong Kong dollar, the lawful currency of                          
    Hong Kong                                                                 
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "US$"   United States dollar, the lawful currency                         
    of the United States of America                                           
                                                                              
    In this announcement, amounts in RMB have been                            
    translated into HK$ at RMB1.06 = HK$1.00.                                 
                                                                              
    In this announcement, amounts in US$ have been                            
    translated into HK$ at US$1 = HK$7.8.                                     
                                                                              
    By order of the Board                                                     
    Lee Sheng Kuang, James                                                    
    Managing Director                                                         
                                                                              
    Hong Kong, 19th May, 2005