|   | 
										
										
											| 
												Form Serial No: | 
											CS20050215000085 | 
										
										
											| 1.
												Name of listed corporation: | 
											Grandtop International Holdings Ltd.  | 
										
										
											| 2.
												Stock code: | 
											02309 | 
										
										
											| 3.
												Class of shares: | 
											Ordinary Shares  | 
										
										
											| 4.
												Number of issued shares in class: | 
											320,000,000 | 
										
										
											| 5.
												Name of substantial shareholder: | 
											Huge Gain Development Limited  | 
										
										
											| 6.
												Registered office: | 
											Rua Pequim Sn Sala-L 7 Edif Centro Finance Macau | 
										
										
											| 7.
												Principal place of business in Hong Kong: | 
											N/A  | 
										
										
											| 13.
												Exchange on which listed: | 
											N/A | 
										
										
											| 14.
												Name of listed parent and exchange on which parent is listed: | 
											N/A  | 
										
										
											| 15.
												Date of relevant event: | 
											
												07/02/2005 (dd/mm/yyyy)
											 | 
										
										
											| 16.
												Date when the substantial shareholder became aware of the relevant event/ interest in the shares (if later): | 
											
												
											 | 
										
										
											
												
													
														 | 
													 
													
														| 17.
															Details of relevant event: | 
													 
													
														|   
														 | 
														
															Relevant event code describing circumstances
														 | 
														
															Code describing capacity in which shares were/are held
														 | 
														Number of shares bought/sold or involved | 
														Currency of transaction | 
														
															On Exchange
														 | 
														
															Off Exchange
														 | 
													 
													
														| Before relevant event
														 | 
														After relevant event
														 | 
														Highest price per share
														 | 
														Average price per share
														 | 
														Average consideration per share
														 | 
														Consideration code
														 | 
													 
													
	| 
															Long position | 
	
															 | 
	 | 
	 | 
	 | 
	HKD | 
	 | 
	 | 
	 | 
	 | 
 
													
													
	| Short position  | 
	111  | 
	205  | 
	205  | 
	160,666,666  | 
	  | 
	  | 
	  | 
	  | 
	  | 
 
													
													
														 | 
													 
												 
											 | 
										
										
											| 18.
												Total shares immediately before the relevant event: | 
										
										
											
												
	
		|   | Total number of shares | Percentage figure (%) | 
	 
		| Long Position | 176,000,000 | 55.00 | 
	 
 
											 | 
										
										
											 | 
										
										
											| 19.
												Total shares immediately after the relevant event: | 
										
										
											
												
	
		|   | Total number of shares | Percentage figure (%) | 
	 
		| Long Position | 15,333,334 | 4.79 | 
	 
		| Short Position | 160,666,666 | 50.21 | 
	 
 
											 | 
										
										
											 | 
										
										
											| 20.
												Capacity in which interests disclosed in Box 19 are held: | 
										
										
											
												
	
		| Code describing capacity | Number of shares | 
	 
		| 205 | | Long position | 15,333,334 |  | Short position | 160,666,666 |  
  | 
	 
 
											 | 
										
										
											| 
												
											 | 
										
										
											 | 
										
										
											| 21.
												Further information in respect of derivative interests: | 
										
										
											
												
	
		| Code describing derivatives | Number of shares | 
	 
		| Nil |   | 
	 
 
											 | 
										
										
											 | 
										
										
											| 22.
												Further information in relation to interests of corporations controlled by substantial shareholder: | 
										
										
											
												
	
		| Name of controlled corporation | Address and place of incorporation | Name of controlling shareholder | % control | Direct interest | Number of shares | 
	 
		| Nil |  |  |   |   |   | 
	 
 
											 | 
										
										
											| 
												
											 | 
										
										
											| 23.
												Further information in relation to interests held by substantial shareholder jointly with another person: | 
										
										
											
												
	
		| Name of joint shareholder | Address | Number of shares | 
	 
		| Nil |  |   | 
	 
 
											 | 
										
										
											 | 
										
										
											| 24.
												Further information from a trustee, or beneficiary of a trust, or a founder of a Discretionary Trust: | 
										
										
											
												
	
		| Names of Trust | Address | Status code | Number of shares | 
	 
		| S.B. Unit Trust | Addresses of individuals are not displayed. | 501 | | Long position | 16,333,334 |  | Short position | 160,666,666 |  
  | 
	 
 
											 | 
										
										
											 | 
										
										
											| 25.
												Further information from a party to an agreement under Section 317: | 
										
										
											
												
	
		| Names of other parties | Address | Number of shares | 
	 
		| Nil |  |   | 
	 
 
												
													
														| Total number of shares in which substantial shareholder is interested under section 317 and 318: | 
														 | 
													 
												 
											 | 
										
										
											 | 
										
										
											| 26.
												Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act: | 
										
										
											
												
	
		| Names | Address | Relationship Code | % | 
	 
		| Nil |  |   |   | 
	 
 
											 | 
										
										
											|   | 
										
										
											| 27.
												Date of filing this Form 2: | 
											
												14/02/2005 (dd/mm/yyyy)
											 | 
										
										
											| 29.
												Number of attachments: | 
											0 | 
										
										
											 | 
										
										
											 | 
											 | 
										
										
											 |