09:14     KIU HUNG INT'L<00381> - 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.                   
                                                                              
    Kiu Hung International Holdings Limited                                   
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 381)                                                         
                                                                              
    FURTHER DELAY IN DESPATCH OF CIRCULAR                                     
                                                                              
    As additional time is required to finalise the information to be          
    included in the Circular, including the letter from the independent       
    financial adviser, the despatch of the Circular will be further delayed   
    from 27 May 2005 to on or before 1 June 2005.                             
                                                                              
    The Company has applied to the Stock Exchange for a waiver from strict    
    compliance with Rule 14.38 and 14A.49 of the Listing Rules such that the  
    despatch of the Circular is to be postponed to on or before 1 June 2005.  
                                                                              
    Reference is made to the press announcement issued by the Company dated   
    25 April 2005 (the "First Announcement") and 17 May 2005 (the "Second     
    Announcement") in relation to, among other things, the Disposal.          
    Capitalised terms used in this announcement shall have the same meanings  
    as those defined in the First Announcement and the Second Announcement    
    unless otherwise stated.                                                  
                                                                              
    Pursuant to Rule 14.38 and 14A.49 of the Listing Rules, the Company is    
    required to despatch the Circular containing, among other things,         
    details of the Disposal to the Shareholders within 21 days after the      
    publication of the First Announcement, which shall be on or before 17     
    May 2005. As disclosed in the Second Announcement, the Company had        
    applied for waivers with the Stock Exchange from strict compliance with   
    Rules 14.38 and 14A.49 of the Listing Rules such that the despatch of     
    the Circular was delayed to on or before 27 May 2005. During the period   
    from 17 May 2005 to 27 May 2005, the Company has been compiling the       
    information to be included in the Circular, including the letter from     
    the independent financial adviser. As additional time is required to      
    finalise the information to be included in the Circular, including the    
    letter from the independent financial adviser, the despatch of the        
    Circular will be further delayed from 27 May 2005 to on or before 1 June  
    2005.                                                                     
                                                                              
    The Company has applied to the Stock Exchange for a waiver from strict    
    compliance with Rule 14.38 and 14A.49 of the Listing Rules such that the  
    despatch of the Circular is to be postponed to on or before 1 June 2005.  
                                                                              
    By order of the Board                                                     
    Kiu Hung International Holdings Limited                                   
    Hui Kee Fung                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 27 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises three executive  
    Directors, Mr Hui Kee Fung, Mr Hui Ki Yau, Madam Hui Hung Tan, Teresa     
    and three independent non-executive Directors, Mr Sy Chin Mon, Stephen,   
    Dr Lin Al Yue and Mr Peng Guanghui.