09:15     U-RIGHT INT'L<00627> - Announcement (2)                             

    immediately after 4:00 p.m. on Thursday, 23 June 2005.                    
                                                                              
    Application has been made for the withdrawal of the Warrants              
    from listing on the Stock Exchange with effect immediately after          
    4:00 p.m. on Thursday, 23 June 2005.                                      
                                                                              
    2.      EXERCISE OF THE SUBSCRIPTION RIGHTS BY REGISTERED HOLDERS         
    OF THE WARRANTS                                                           
                                                                              
    Registered holders of Warrants who wish to exercise, in whole             
    or in part, the Subscription Rights must lodge with Tengis                
    Limited, the Company's Share Registrar in Hong Kong (the                  
    "Registrar"), at Ground Floor, Bank of East Asia Harbour View             
    Centre, 56 Gloucester Road, Wanchai, Hong Kong the following              
    items not later than 4:00 p.m. on Thursday, 23 June 2005:                 
                                                                              
    (a)     the relevant certificates of the Warrants;                        
                                                                              
    (b)     the duly completed and signed subscription forms; and             
                                                                              
    (c)     the relevant subscription monies.                                 
                                                                              
    3.      EXERCISE OF THE SUBSCRIPTION RIGHTS BY NON-REGISTERED             
    HOLDERS OF THE WARRANTS                                                   
                                                                              
    Persons who purchased the Warrants but have not yet been                  
    registered as holders of the Warrants and wish to exercise, in            
    whole or in part, the Subscription Rights must lodge with the             
    Registrar at the above address the following items not later              
    than 4:00 p.m. on Thursday, 23 June 2005:                                 
                                                                              
    (a)     the duly executed forms of transfer and/or other documents        
    of title (duly stamped where appropriate);                                
                                                                              
    (b)     the relevant certificates of the Warrants;                        
                                                                              
    (c)     the duly completed and signed subscription forms; and             
                                                                              
    (d)     the relevant subscription monies.                                 
                                                                              
    Subscription forms and other relevant documents received at the           
    office of the Registrar after 4:00 p.m. on Thursday, 23 June              
    2005 will not be regarded as valid and will therefore not be              
    accepted. The new Shares to be issued upon the exercise of the            
    Subscription Rights will be allotted and the relevant Share               
    certificates will be issued not later than 28 business days after         
    the relevant subscription date and will rank pari passu in all            
    respects with the then existing issued Shares of the Company.             
                                                                              
    The closing prices of the Shares and the Warrants as quoted on            
    the Stock Exchange on Thursday, 12 May 2005, being the latest             
    practicable date prior to the issue of this announcement, were            
    HK$0.365 per Share and HK$0.166 per Warrant respectively.                 
                                                                              
    A circular containing details of the expiry of the subscription           
    period of the Warrants will be despatched to the holders of the           
    Warrants and, for information only, to the shareholders of the            
    Company as soon as practicable.                                           
                                                                              
    Holders of the Warrants are recommended to consult their                  
    professional advisers in case of any doubt on the above                   
    arrangements.                                                             
                                                                              
    On behalf of the Board                                                    
    LEUNG Ngok                                                                
    Chairman                                                                  
    Hong Kong, 19 May 2005                                                    
                                                                              
    As at the date of this announcement, Mr LEUNG Ngok, Mr LEUNG              
    Shing and Mr LEE Ka Yiu, Andy are the executive directors of              
    the Company and Mr WONG Kong Hon, Mr JIA Luqiao and Mr WONG               
    Kai Cheong are the independent non-executive directors of                 
    the Company.                                                              
                                                                              
    *  for identification purposes only