09:15     HUA HAN BIO-PHARMACEUTICAL HOLDINGS LIMITED<00587> - Ann (1)        

    This announcement is for information purposes only and does not           
    constitute an invitation or offer to acquire, purchase or subscribe       
    for securities.                                                           
                                                                              
    The Stock Exchange of Hong Kong Limited (the `Stock Exchange') and        
    Hong Kong Securities Clearing Company Limited (`HKSCC') take no           
    responsibility for the contents of this announcement, make no             
    representation as to its accuracy or completeness and expressly           
    disclaim any liability whatsoever for any loss howsoever arising from     
    or in reliance upon the whole or any part of the contents of this         
    announcement.                                                             
                                                                              
    Unless otherwise defined, terms used herein shall have the same           
    meanings as those defined in the prospectus of Hua Han                    
    Bio-Pharmaceutical Holdings Limited (the `Company') dated 28th            
    November, 2002 (the `Prospectus').                                        
                                                                              
                                                                              
    Hua Han Bio-Pharmaceutical Holdings Limited                               
    (incorporated in the Cayman Islands with limited liability)               
                                                                              
    NEW ISSUE AND OFFER FOR SALE BY WAY OF PLACING AND PUBLIC OFFER           
                                                                              
    Number of Offer      :                    142,000,000 Shares              
    Shares                                    comprising                      
                                              99,400,000 New                  
                                              Shares and                      
                                              42,600,000 Sale                 
                                              Shares (subject to              
                                              Over-allotment                  
                                              Option)                         
    Number of Placing    :                    127,800,000 Shares              
    Shares                                    comprising                      
                                              85,200,000 New                  
                                              Shares and                      
                                              42,600,000 Sale                 
                                              Shares (subject to              
                                              reallocation and                
                                              Over-allotment                  
                                              Option)                         
    Number of Public     :                    14,200,000 New                  
    Offer Shares                              Shares (subject to              
                                              reallocation)                   
    Offer Price          :                    not more than                   
                                              HK$0.87 per Offer               
                                              Share (payable in               
                                              full on application             
                                              and subject to                  
                                              refund) and                     
                                              expected to be not              
                                              less than HK$0.74               
                                              per Offer Share                 
    Nominal Value        :                    HK$0.10 each                    
    Stock Code           :                    587                             
                                                                              
    Sponsor                        Co-sponsor                                 
    Deloitte & Touche                            Guotai Junan                 
    Corporate Finance Ltd                        Capital Limited              
                                                                              
    Lead Manager                                                              
                                                                              
    Guotai Junan Securities (Hong Kong) Limited                               
                                                                              
    Co-Lead Managers                                                          
                                                                              
    CITIC Capital Markets    CM-CCS Securities Limited                        
    Limited                                                                   
                                                                              
    Co-Managers                                                               
                                                                              
    First Shanghai Securities      Tai Fook Securities Company                
    Limited                        Limited                                    
    Barits Securities (Hong Kong)  Kingsway SW Securities                     
    Limited                        Limited                                    
    OpenOffering Capital Limited                                              
                                                                              
    Application has been made to the Listing Committee of the Stock           
    Exchange for the listing of, and permission to deal in, the shares of     
    HK$0.10 each (the `Shares') in the share capital of the Company in        
    issue and to be issued as described in the Prospectus and the             
    relevant application forms relating thereto, including any Shares         
    which may fall to be issued upon the exercise of the Over-allotment       
    Option and the PI Options (as defined in the Prospectus). Dealings in     
    the Shares on the Stock Exchange are expected to commence on Tuesday,     
    10th December, 2002. Subject to the granting of the listing of, and