09:17     GORIENT<00729> - Announcement                                       

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    GORIENT (HOLDINGS) LIMITED                                                
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code : 729)                                                        
                                                                              
    Increases in price and in trading volume of the shares                    
    of the Company and shares transactions entered into                       
    by a director of the Company                                              
                                                                              
    The Company has noted the increases in price and in trading volume of     
    the Shares today and wishes to state that it is not aware of any          
    reasons for such increases save as disclosed in the announcement of       
    the Company dated 18 May 2005 in relation to the placing of new shares    
    under the general mandate and the transaction in Shares by a director     
    of the Company.                                                           
                                                                              
    This statement is made at the request of The Stock Exchange of Hong       
    Kong Limited (the "Stock Exchange").                                      
                                                                              
    We have noted the increases in price and in the trading volume of the     
    shares of the Company (the "Shares") today and wish to state that we      
    are not aware of any reasons for such movement save as the following:     
                                                                              
    (i)        Director of the Company has bought and sold Shares on the      
    Stock Exchange today with the following details:-                         
                                                                              
                                            Number of        Number of        
                                            Shares        Shares              
                                            immediately                       
    immediately                                                               
            Number of         Number of         Price of         Price of     
    before the         after the                                              
    Name of         Shares         Shares         Shares         Shares       
    shares         shares                                                     
    shareholder        bought        sold        bought        sold           
    transaction        transaction                                            
                                            (%)        (%)                    
                                                                              
    Power Assets         240,000        280,000        HK$0.034-              
    HK$0.038-        103,027,919        102,987,919                           
      (Note)                        HK$0.037        HK$0.039                  
    (5.96%)        (5.96%)                                                    
                                                                              
    Note: Power Assets is a company incorporated in the British Virgin        
    Islands, and its entire issued share capital is wholly-owned by the       
    Gouw Family Trust, in which Mr. Gouw Kar Yiu, Carl and Ms. Gouw San       
    Bo, Elizabeth, both being non-executive Directors, are deemed to have     
    interests.                                                                
                                                                              
    Save as disclosed in the announcement of the Company dated 18 May 2005    
    in relation to the placing of new shares under the general mandate and    
    the above mentioned transactions, the board of directors of the           
    Company (the "Board") confirms that there are no negotiations or          
    agreements relating to intended acquisitions or realizations which are    
    discloseable under Rule 13.23 of the Rules Governing the Listing of       
    Securities on the Stock Exchange ("Listing Rules"), neither is the        
    Board aware of any matter discloseable under the general obligation       
    imposed by Rule 13.09 of the Listing Rules, which is or may be of a       
    price-sensitive nature.                                                   
                                                                              
    All directors of the company jointly and severally accept full            
    responsibility for the accuracy of information contained in this          
    announcement.                                                             
                                                                              
            By Order of the Board                                             
            Loo Chung Keung, Steve                                            
            Director                                                          
                                                                              
    Hong Kong, 20 May, 2005                                                   
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Loo Chung Keung, Steve, Mr. Chan Wai Ming, Mr. Sun        
    Yeung Yeung and Ms. Tin Yuen Sin, Carol, the non-executive directors      
    of the Company are Mr. Gouw Kar Yiu, Carl, Ms. Gouw San Bo, Elizabeth,    
    Mr. Tung Tat Chiu, Michael, and the independent non-executive             
    directors are Mr. Pang Chun Sing, Mr. Chan Chun Wai and Mr. Wong Miu      
    Sung.