JOINT ANNOUNCEMENT(1) SALE AND PURCHASE OF SHARES OF MAN SANG JEWELLERY HOLDINGS LIMITED;(2) MANDATORY UNCONDITIONAL CASH OFFER BY EMPEROR CAPITAL LIMITED ON BEHALF OF CROWN CITY INC LIMITED TO ACQUIRE ALL THE ISSUED SHARES OF MAN SANG JEWELLERY HOLDINGS LIMITED (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY CROWN CITY INC LIMITED AND PARTIES ACTING IN CONCERT WITH IT);(3) ESTABLISHMENT OF THE INDEPENDENT BOARD COMMITTEE OF MAN SANG JEWELLERY HOLDINGS LIMITED; AND (4) RESUMPTION OF TRADING

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