09:56     LINFAIR HOLDINGS LIMITED<00462> - Announcement (5)                  

    If your application is wholly or partially unsuccessful or the Offer      
    Price as finally determined is less than the indicative maximum Offer     
    Price or any application is revoked or any allocation pursuant thereto    
    has become void or any of the reasons set forth under ``Circumstances     
    in which you will not be allotted Public Offer Shares'' in the relevant   
    application forms, the Company will refund (in whole or in part, as       
    applicable) your application monies, including the relevant               
    brokerage fee, SFC transaction levy, Stock Exchange trading fee and       
    SFC investor compensation levy to you WITHOUT INTEREST. All refunds       
    will be made by a cheque crossed ``Account payee only'', and made out     
    to you or, if you are joint applicants, to the first-named applicant      
    on your application form on the terms set out under ``Refund of your      
    application moneys'' on the application form. The refund cheque will      
    be sent to the address on your application form or if you are joint       
    applicants, to the address of the first-named applicant on your           
    application form by ordinary post at your own risk on or about 8th        
    June, 2005 unless otherwise provided herein.                              
                                                                              
    By order of the Board                                                     
    Linfair Holdings Limited                                                  
    Chang Ei-Eu                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 27th May, 2005                                                 
                                                                              
    As at the date of this announcement, the Board comprises three            
    executive Directors, being Mr. Chang Ei-Eu, Ms. Hsieh Ming Chiu and       
    Mr. Chow Kin Ming, and three independent non-executive Directors,         
    being Mr. Lee Kin Keung, Dr. Lam Chun Kong and Ms. Tung Pui Man.