09:16     HUA HAN BIO-PHARMACEUTICAL HOLDINGS LIMITED<00587> - Ann (5)        

    of each successful applicant, the number of Shares reallocated            
    between the Placing and the Public Offer (if any) and the procedure       
    for collecting share certificate(s) and refund cheque(s) is scheduled     
    to be published in The Standard (in English) and Hong Kong Economic       
    Times (in Chinese) on Friday, 6th December, 2002.                         
                                                                              
    If an application is rejected, not accepted or accepted in part           
    only, or if the conditions of the Public Offer Shares described in        
    the paragraph headed `Conditions of the Share Offer' under the            
    section headed `Structure of the Share Offer' in the Prospectus are       
    not fulfilled in accordance with their terms or if any application is     
    revoked or any allotment pursuant thereto has become void, the            
    application monies, together with the related brokerage fee, Stock        
    Exchange trading fee and SFC transaction levy, will be refunded,          
    without interest. If your application is accepted only in part, or        
    the Offer Price as finally determined is less than HK$0.87,               
    appropriate portions of your application monies including the related     
    brokerage fee, Stock Exchange trading fee and SFC transaction levy        
    will be refunded to you without interest. It is intended that special     
    efforts will be made to avoid any undue delay in refunding                
    application monies where appropriate.                                     
                                                                              
    If you have applied for less than 1,000,000 New Issue Shares or           
    where you have applied for 1,000,000 New Issue Shares or more and         
    have not indicated on your WHITE application form that you will           
    collect your share certificate(s) (where applicable) and refund           
    cheque(s) (if any) in person, your share certificate(s) and refund        
    cheque(s) (if any) will be sent to the address on your application        
    form on the date of despatch, by ordinary post at your own risk.          
                                                                              
    No temporary document of title will be issued in respect of the           
    Public Offer Shares. No receipt will be issued of sums paid on            
    application.                                                              
                                                                              
    The Company has granted to the Lead Manager the Over-allotment            
    Option exerciseable by the Lead Manager to require the Company to         
    issue up to 21,300,000 additional Shares to cover any over-allocation     
    in the Placing. If any part of the Over-allotment Option is               
    exercised, an announcement will be published in The Standard (in          
    English) and Hong Kong Economic Times (in Chinese).                       
                                                                              
    If you have applied for the Public Offer Shares on a YELLOW               
    application form and your application is wholly or partially              
    successful, your share certificate(s) will be issued in the name of       
    HKSCC Nominees Limited and deposited directly into CCASS for credit       
    to your investor participant stock account or the stock account of        
    your designated CCASS participant as instructed by you at the close       
    of business on Friday, 6th December, 2002 or under contingent             
    situation, on any other date HKSCC or HKSCC Nominees Limited chooses.     
    If you are applying through a designated CCASS participant, you can       
    check the number of Public Offer Shares allotted to you with that         
    CCASS participant. If you are applying as a CCASS investor                
    participant, you can check the result of Public Offer to be published     
    by the Company on Friday, 6th December, 2002 in newspapers and check      
    your new account balance via the `CCASS Phone System' and the `CCASS      
    Internet System' on the day following the credit of the allotted          
    Public Offer Shares to your stock account (under the procedures           
    contained in HKSCC's `An Operating Guide for Investor Participants'       
    in effect from time to time). HKSCC will also mail to you an activity     
    statement showing the number of Public Offer Shares credited to your      
    stock account.                                                            
                                                                              
                                   By order of the Board                      
                                   Zhang Peter Y.                             
                                   Chairman                                   
                                                                              
                                                                              
    Hong Kong, 28th November, 2002