09:20     MAN YUE INT'L<00894> - 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.                                
                                                                              
    MAN YUE INTERNATIONAL HOLDINGS LIMITED                                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 0894)                                                        
                                                                              
    DISCLOSURE OF TRADE RECEIVABLES PURSUANT TO                               
    RULES 13.14 AND 13.15 OF THE LISTING RULES                                
                                                                              
    This announcement is made pursuant to Rules 13.14 and 13.15               
    of the Listing Rules.                                                     
                                                                              
    This announcement is made by the directors of Man Yue                     
    International Holdings Limited (the "Company") in compliance              
    with Rules 13.14 and 13.15 of the Rules Governing the Listing             
    of Securities (the "Listing Rules") on The Stock Exchange of              
    Hong Kong Limited (the "Stock Exchange").                                 
                                                                              
    Under Rule 13.13 of the Listing Rules, a general disclosure               
    obligation arises where the percentage ratio of the total                 
    advance to an entity together with companies affiliated with              
    it (collectively the "Entity Group") from the Company together            
    with its subsidiaries (collectively the "Group") exceeds 8%               
    of the total market capitalization as defined in the Listing              
    Rules. The Company announced on 28 May 2004 that the balance              
    due by Taiwan Ostor Corporation (being independent of and is              
    not a connected person of the Group as defined by the Listing             
    Rules) to the Group as at 31 March 2004 exceeded 8% of the                
    total market capitalization.                                              
                                                                              
    Under Rule 13.14 of the Listing Rules, a general disclosure               
    obligation arises where the percentage ratio of the total                 
    advance to the Entity Group increases from that previously                
    disclosed under Rule 13.20 of the Listing Rules by 3% or more             
    with reference to the Company's total market capitalization.              
    As at 31 December 2004, the total trade receivables due from              
    Taiwan Ostor Corporation to the Group amounted to                         
    approximately HK$14.83 million which represented                          
    approximately 8.76% of the total market capitalization.                   
                                                                              
    As at 30 April 2005, there were 372,855,999 shares of the                 
    Company in issue. Based on the average closing price of the               
    Company's shares of HK$0.604 as stated in the Stock Exchange's            
    daily quotation sheets for the trading days from 25 April 2005            
    to 29 April 2005 (both days inclusive), being the five business           
    days immediately preceding 30 April 2005, the total market                
    capitalization of the Company was approximately HK$225.21                 
    million as at 30 April 2005.                                              
                                                                              
    According to the latest available management accounts of the              
    Group as at 30 April 2005, trade receivables due to the Group             
    from Taiwan Ostor Corporation amounted to approximately                   
    HK$28.87 million. The balances represented approximately                  
    12.82% of the total market capitalization (being                          
    approximately HK$225.21 million) on 30 April 2005, which                  
    exceeded by more than 3% from the percentage ratio (being 8.76%)          
    previously disclosed in the Company's 2004 annual report. The             
    balances were interest-free, unsecured, within the normal                 
    credit period of 120 days and arose out of the Group's ordinary           
    and usual course of business. Subsequent to 30 April 2005 and             
    up to the date of this announcement, approximately HK$19.28               
    million of these balances have been settled.                              
                                                                              
    Save as disclosed above, there is no other disclosure                     
    obligation pursuant to Rules 13.13 to 13.15 of the Listing                
    Rules.                                                                    
                                                                              
    On behalf of the Board                                                    
    Man Yue International Holdings Limited                                    
    Chan Ho Sing                                                              
    Chairman                                                                  
    Hong Kong, 26 May 2005                                                    
                                                                              
    As at the date of this announcement, the board of directors               
    of the Company comprises Mr. Chan Ho Sing and Mr. Ko Pak On               
    as executive Directors, and Dr. Li Sau Hung, Eddy, Mr. Lo Kwok            
    Kwei, David and Mr. Mar Selwyn as independent non-executive               
    Directors.