10:29     HUALING<00382> - Announcement & Resumption (11)                     

    subject to change, and any changes will be announced in a separate        
    announcement by the Company as and when appropriate.                      
                                                                              
    2005                                                                      
                                                                              
    Despatch of Company's circular with notice of EGM       Tuesday, 7        
    June                                                                      
                                                                              
    Last day of dealings in Shares on a cum-rights basis                      
            Wednesday, 15 June                                                
                                                                              
    First day of dealings in Shares on an ex-rights basis                     
            Thursday, 16 June                                                 
                                                                              
    Latest time for lodging transfer of Shares in order to qualify            
    for the Rights Issue    4:00 p.m., Friday, 17 June                        
                                                                              
    Register of members of the Company closed (both days inclusive)           
            Monday, 20 June to Thursday, 23 June                              
                                                                              
    Date of EGM     Thursday, 23 June                                         
                                                                              
    Record Date     Thursday, 23 June                                         
                                                                              
    Despatch of Rights Issue Documents      Friday, 24 June                   
                                                                              
    Announcement of results of EGM  Friday, 24 June                           
                                                                              
    Register of members re-opens    Friday, 24 June                           
                                                                              
    First day of dealings in nil-paid Rights Shares Tuesday, 28               
    June                                                                      
                                                                              
    Latest time for splitting of nil-paid Rights Shares     4:00              
    p.m., Thursday, 30 June                                                   
                                                                              
    Last day of dealings in nil-paid Rights Shares  Wednesday, 6              
    July                                                                      
                                                                              
    Latest time for payment and acceptance of Rights Issue                    
            4:00 p.m., Monday, 11 July                                        
                                                                              
    Latest time for the Rights Shares to become unconditional                 
            4:00 p.m., Wednesday, 13 July                                     
                                                                              
    Announcement of results of acceptance of and excess applications          
    for the Rights Issue appears on newspapers      Thursday, 14 July         
                                                                              
    Despatch of refund cheques in respect of unsuccessful or                  
    partially unsuccessful excess applications for excess                     
            Friday, 15 July                                                   
      Rights Shares on or before                                              
                                                                              
    Despatch of certificates for fully-paid Rights Shares on or               
    before  Friday, 15 July                                                   
                                                                              
    Commencement of dealings in fully-paid Rights Shares    Tuesday,          
    19 July                                                                   
                                                                              
    INCREASE IN AUTHORISED SHARE CAPITAL                                      
                                                                              
    As at the date of this announcement, the authorized share capital         
    of the Company is HK$300,000,000 divided into 3,000,000,000               
    Shares. To cater for the issuance of Rights Shares pursuant to            
    the Rights Issue, resolutions will be proposed, and if thought            
    fit, passed at the EGM to approve the increase in the authorised          
    share capital of the Company from HK$300,000,000 to                       
    HK$1,000,000,000 by the creation of an additional 7,000,000,000           
    Shares. The Directors have no present intention to allot and              
    issue new Shares other than the Rights Shares and the Shares              
    which may fall to be issued upon the exercise of the