09:23     KARCE INTL HOLD<01159> - Announcement (2)                           

    not materialize and the Shareholders and investors are advised            
    to exercise caution when dealing in the Shares.                           
                                                                              
    As at the date of this announcement, the Board consists of four           
    executive Directors, Mr.Tong Shek Lun, Mr. Li Ka Fai, Fred, Ms.           
    Ko Lai King, Kinny and Ms. Chung Wai Yu, Regina, two non-executive        
    Directors, Mr. Lee Kwok Leung and Mr. Yang Yiu Chong, Ronald              
    Jeffrey and three independent non-executive Directors, Mr. Sun            
    Yaoquan, Mr. Tsao Kwang Yung, Peter and Mr. Goh Gen Cheung.               
                                                                              
    By order of the Board                                                     
    Karce International Holdings Company Limited                              
    Tong Shek Lun                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 30 May, 2005