MS Group Holdings Limited — Director's Dealing 2003

Dec 16, 2003

U-RIGHT International Holdings Limited

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.

U-RIGHT INTERNATIONAL HOLDINGS LIMITED 佑威國際控股有限公司[*]

(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

INCREASE IN TRADING VOLUME AND DISPOSAL OF SHARES BY AN EXECUTIVE DIRECTOR

Mr LI sold a total of 6,638,000 shares of the Company to independent investors on 15 December 2003 through onmarket sales on the Stock Exchange.

The Board is not aware of any reasons for the recent increase in the trading volume of the shares of the Company save as disclosed in this announcement.

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of directors (the “Board”) of U-RIGHT International Holdings Limited (the “Company”) has noted the recent increase in the trading volume of the shares of the Company and wish to state that it is not aware of any reasons for such increase save that the Company has been informed by Mr LI Chung Hing (“Mr LI”), an executive director of the Company, that he sold a total of 6,638,000 shares of the Company (the “Sale Shares”) (representing about 0.46% of the existing issued share capital of the Company) at an average price of HK$0.42 per share through on-market sales on the Stock Exchange on 15 December 2003 (the “Disposal”).

To the best knowledge of Mr LI, the purchasers of the Sale Shares are independent third parties not connected with the Company, any directors, chief executive or substantial shareholders of the Company or any of its subsidiaries or their respective associates. The closing price per share of the Company quoted on the Stock Exchange on 15 December 2003 was HK$0.43.

After the Disposal, the shareholding of Mr LI in the Company has been reduced from about 0.48% to about 0.02% of the issued share capital of the Company.

The Board confirms that save as mentioned above, there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.

By Order of the Board NG Chi Yin Company Secretary

Hong Kong, 15 December 2003

* for identification purposes only

Please also refer to the published version of this announcement in The Standard dated on 16-12-2003.

U-RIGHT International Holdings Limited

16-12-2003

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