09:02     NAM FONG INT'L<01176> - 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.                   
                                                                              
    NAM FONG INTERNATIONAL HOLDINGS LIMITED                                   
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1176)                                                        
                                                                              
    Announcement                                                              
                                                                              
    In the hearing on 30 May 2005, High Court has adjourned the hearing of    
    the Petition to 6 June 2005.                                              
                                                                              
    Investors should exercise extreme caution when dealing in the shares      
    of the Company.                                                           
                                                                              
    Trading in the shares of the Company on the Stock Exchange was            
    suspended from 10:45 a.m. on 7th February, 2005 at the request of the     
    Company to the Stock Exchange pending for the release of the              
    announcement in relation to the winding-up petition against the           
    Company by NCB.                                                           
                                                                              
    Trading in the shares of the Company on the Stock Exchange will remain    
    suspended pending the demonstration by the Company to the satisfaction    
    of the Stock Exchange that, among others, the continuing listing of       
    the shares of the Company is warranted. Further announcement will be      
    made as and when appropriate.                                             
                                                                              
    Reference is made to the announcement dated 17 May 2005 of Nam Fong       
    International Holdings Limited (the "Company") regarding a winding-up     
    petition (the "Petition") by Nanyang Commercial Bank, Limited ("NCB").    
    In the hearing on 30 May 2005, the High Court adjourned the hearing of    
    the Petition to 6 June 2005 to grant seven days' leave to the Company     
    for negotiating a settlement proposal with NCB. The negotiation of        
    settlement is ongoing but the relevant terms and conditions have not      
    been reached by both parties. Further announcement will be made as and    
    when appropriate.                                                         
                                                                              
    Investors should exercise extreme caution when dealing in the shares      
    of the Company.                                                           
                                                                              
    Trading in the shares of the Company on The Stock Exchange of Hong        
    Kong Limited (the "Stock Exchange") was suspended from 10:45 a.m. on      
    7th February, 2005 at the request of the Company to the Stock Exchange    
    pending for the release of the announcement in relation to the            
    winding-up petition against the Company by NCB.                           
                                                                              
    Trading in the shares of the Company on the Stock Exchange will remain    
    suspended pending the demonstration by the Company to the satisfaction    
    of the Stock Exchange that, among others, the continuing listing of       
    the shares of the Company is warranted. Further announcement will be      
    made as and when appropriate.                                             
                                                                              
            By Order of the Board                                             
            Tong Shi Jun                                                      
            Chairman                                                          
                                                                              
    Hong Kong, 30 May 2005                                                    
                                                                              
    As at the date hereof, the Board comprises Mr. Tong Shi Jun               
    (Chairman), Mr. Zhang Jian (Deputy Chairman), Mr. Zhao Lishen, Mr.        
    Chiu Kong, Ms. Huang Ling and Ms. Zhu Jun as executive directors and      
    Mr. Chen Song Sheng, Ms. Chang Ling and Ms. Zhou Mei Zhen as              
    independent non-executive directors.