09:11     BUILD KING HOLD<00240> - Announcement (2)                           

    INFORMATION ON VAN SHUNG CHONG                                            
    Van Shun Chong is a company incorporated in Bermuda                       
    and listed on the main board of the Stock Exchange.                       
    Based on the company profile in the website of the Stock                  
    Exchange, the principal business activities of Van                        
    Shung Chong are engaging in trading and stockholdings                     
    of construction materials, manufacturing and trading                      
    of industrial products, property investment and                           
    finance business. Further information on Van Shung                        
    Chong could be found on the Stock Exchange website.                       
    According to the annual results announcement of Van                       
    Shung Chong for the years ended 31 March, 2004, the                       
    net profits from ordinary activities before and after                     
    taxation and minority interests for the two years                         
    ended 31 March, 2004 were approximately HK$96,455,000                     
    and approximately HK$65,905,000 and approximately                         
    HK$81,063,000 and approximately HK$60,412,000,                            
    respectively.                                                             
                                                                              
    GENERAL                                                                   
    According to the annual results announcement of Van                       
    Shung Chong for the years ended 31 March, 2004, its                       
    total revenue for the year ended 31 March, 2004 was                       
    approximately HK$3,549,110,000. The revenue                               
    attributable to the assets being acquired by the Group                    
    during the period from 2 August, 2004 to 26 May, 2005                     
    was approximately HK$62,915,000 and the total revenue                     
    of the Group was approximately HK$368,731,000 for the                     
    year ended 31 December, 2004 (as stated in the Annual                     
    Report December 2004). Accordingly, the Investments                       
    constitute a discloseable transaction for the Company                     
    under Chapter 14 of the Listing Rules as the revenue                      
    ratio falls within 5% and 25% of the total revenue of                     
    the Group as at 26 May, 2005.                                             
                                                                              
    A circular containing, inter alia, further details of                     
    the Investments will be dispatched to the Shareholders                    
    as soon as practicable.                                                   
                                                                              
    As at the date of this announcement, the Board                            
    comprises two executive Directors, namely Mr. Zen Wei                     
    Peu, Derek and Mr. Yu Sai Yen, two non-executive                          
    Directors, namely Mr. David Howard Gem and Dr. Cheng                      
    Chi Pang, Leslie, and three independent non-executive                     
    Directors, namely Dr. Chow Ming Kuen, Joseph, Mr. Ng                      
    Chi Ming, James and Mr. Ho Tai Wai, David.                                
                                                                              
    DEFINITIONS                                                               
    In this announcement, unless the context otherwise                        
    requires, the following terms shall have the following                    
    meanings: -                                                               
                                                                              
    "associate(s)"   has the meaning ascribed thereto in                      
    the Listing Rules;                                                        
                                                                              
    "Board"   the board of Directors;                                         
                                                                              
    "Company"   Build King Holdings Limited, a company                        
    incorporated in Bermuda with limited liability and the                    
    shares of which are listed on the Stock Exchange;                         
                                                                              
    "connected person"   has the meaning ascribed thereto                     
    in the Listing Rules;                                                     
                                                                              
    "Directors"   directors of the Company;                                   
                                                                              
    "Group"   the Company and its subsidiaries;                               
                                                                              
    "Hong Kong"   The Hong Kong Special Administrative                        
    Region of the PRC;                                                        
                                                                              
    "Investments"   The investments by the Company from                       
    the market of an aggregate of 6,538,000 shares in Van                     
    Shung Chong during the period from 2 August, 2004 to                      
    26 May, 2005 (both dates inclusive)                                       
                                                                              
    "Listing Rules"   Rules Governing the Listing of                          
    Securities on the Stock Exchange;                                         
                                                                              
    "PRC"   The People's Republic of China;                                   
                                                                              
    "Share(s)"   ordinary share(s) of HK$0.10 each in the                     
    issued share capital of the Company;                                      
                                                                              
    "Shareholder(s)"   holder(s) of the Share(s);