Regent Pacific Group Limited — M&A Activity 2000

May 17, 2000

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.

iRegent.com Limited

(Incorporated in the Cayman Islands with limited liability)

(subject to the approval of the Registrar of Companies of the Cayman Islands)

Discloseable, Major and Connected Transactions

Completion of the acquisition of Interman

At the Extraordinary General Meeting held today, the resolutions proposed to approve the Acquisition, the increase in authorised share capital of the Company, the Dividend, the Purchase Arrangements, the Bonus Issue, the change of name and the General Mandates were all approved by the Shareholders or Independent Shareholders (as the case may be).

Completion has taken place today after all the conditions of the Agreement have been fulfilled.

The directors of iRegent.com Limited (formerly known as Regent Pacific Group Limited) announced the proposals involving the acquisition of Interman Holdings Limited on 15th March, 2000 and the Purchase Arrangements on 5th April, 2000. Capitalised terms used in this announcement shall have the same meanings as defined in the circular dated 20th April, 2000 sent to the Shareholders ("Circular").

Extraordinary General Meeting

The Extraordinary General Meeting was held on 16th May, 2000 to consider the resolutions approving the Acquisition, the increase in authorised share capital of the Company, the Dividend, the Purchase Arrangements, the Bonus Issue, the change of name and the General Mandates.

The Company is pleased to announce that at the Extraordinary General Meeting, all ordinary and special resolutions set out in the Notice of the Extraordinary General Meeting included in the Circular (as amended as detailed in the announcement of the Company on 15th May, 2000) were passed by the Shareholders, or (where applicable) Independent Shareholders.

Election forms for the Dividend will be sent on 17th May, 2000 to Shareholders whose names appear on the Register of Members of the Company at 9:00 a.m. on 17th May, 2000.

Completion of the Agreement

Completion of the Agreement has taken place today after all the conditions of the Agreement have been fulfilled.

Change of Name

Subject to the approval of the Registrar of Companies of the Cayman Islands, the name of the Company has been changed to iRegent.com Limited with effect from today. Further announcement will be made upon the obtaining of the approval from the Registrar of Companies of the Cayman Islands and when the change will be effective for the purpose of trading in the Shares on the Stock Exchange.

	On behalf of the Board of
	iRegent.com Limited
	Peter Everington
	Director

Hong Kong, 16th May, 2000

Please also refer to the published version of this announcement in the (Hongkong Standard)