BAKER GROUP<01190> - Announcement

The Stock Exchange has received a message from Baker Group International 
Holdings Limited which is reproduced as follows:-

"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.

Baker Group International Holdings Limited
(Formerly known as Luen Cheong Tai International Holdings Limited)

 (Provisional Liquidators Appointed)

DELAY IN RELEASING RESULTS OF THE COMPANY ANNOUNCEMENT

The release of the Company's audited final results for the year ended 31 
May 2002 and the unaudited interim results for the six-month period ended 
30 November 2002 have been delayed as the Company is formulating a 
financial restructuring proposal.  No material transactions have been 
effected in this respect since the Company's announcement dated 3 December 
2002.  

The Company will make further announcement of any material 
development in the financial restructuring proposal and with regard to any 
release of unaudited financial results of the Company as soon as 
practicable.  It is expected that the Company will be able to publish its 
audited accounts for the financial year ended 31 May 2002 within four 
months following the completion of the financial restructuring proposal.

Reference is made to the announcement of the Company dated 3 December 
2002.

The Company will make further announcement of any material development in 
the financial restructuring proposal and with regard to any release of the 
unaudited interim results of the Company as soon as practicable.  It is 
expected that the Company will be able to publish its audited accounts for 
the financial year ended 31 May 2002 within four months following the 
completion of the financial restructuring proposal. 

The Provisional Liquidators have  sent a letter to the directors of the 
Company (through their legal representative) to ascertain whether they 
have dealt in the shares of the Company since 26 August 2002 and also to 
request them to undertake to The Stock Exchange of Hong Kong Limited that 
they will not deal in the shares of the Company until the publication of 
the audited accounts for the financial year ended 31 May 2002 and the 
unaudited interim results for the period ended 30 November 2002.  However, 
as at 4pm on 28 February 2003, the Provisional Liquidators have not 
received any response from the directors of the Company.

The above delay in releasing results of the Company is a breach of 
paragraphs (8) and (10) of the Listing Rules and The Stock Exchange of 
Hong Kong Limited reserves its rights to take appropriate actions against 
the Company and its directors in respect of the breach.

Trading in the shares of the Company on The Stock Exchange of Hong Kong 
Limited was suspended at the request of the Company with effect from 10:00 
a.m. on Monday, 26 August 2002 and will continue to be so suspended until 
further notice.

For and on behalf of 
Baker Group International Holdings Limited
(formerly known as
"Luen Cheong Tai International Holdings Limited")
(Provisional Liquidators Appointed)
YEO Boon Ann
Stephen LIU Yiu Keung
Joint and Several Provisional Liquidators
Hong Kong, 28 February 2003"