Prospectus

	New Heritage Holdings Ltd. (0095)

Important Expected Timetable Table of Contents Summary Definitions Risk Factors Waivers from Strict Compliance with the Listing Rules Important Information about this Prospectus and the Share Offer Directors Corporate Information Parties Involved in the Share Offer Industry Overview History and Development Business Directors, Senior Management and Staff Controlling Shareholders and Substantial Shareholders Share Capital Financial Information Future Plans and Use of Proceeds Underwriting Arrangements for the Share Offer Structure and Conditions of the Share Offer How to Apply for the Public Offer Shares Appendix I - Accountants' Report on the Group Appendix II - Accountants' Report on New Heritage Investments Limited Appendix IIIA - Unaudited Pro Forma Financial Information of the Enlarged Group Appendix IIIB - Unaudited Pro Forma Financial Information Appendix IV - Profit Forecast for the Financial Year Ending 31 December 2005 Appendix V - Property Valuation Appendix VI - Summary of the Constitution of the Company and Cayman Islands Company Law Appendix VII - Statutory and General Information Appendix VIII - Documents Delivered to the Registrar of Companies and Available for Public Inspection in Hong Kong