09:15     BEIJING AIRPORT<00694> - Announcement(2)                            

    Mr. Qiao Xiangshan to take up the duty of management of the operation     
    of non-aeronautical business of the Company and Ms. Li Xiaomei will       
    replace Mr. Jia Fugui to be the chairman of the staff union of the        
    Company.                                                                  
                                                                              
    The Board considers that the abovementioned change of directors and       
    supervisors of the Company will not affect the operation of the           
    Company.                                                                  
                                                                              
    The Board expressed its sincere thanks to Mr. Li Peiying, Mr. Qiao        
    Xiangshan, Mr. Zhang Qingju, Mr. Jia Fugui and Mr. Liu Fuquan for         
    their past contributions.                                                 
                                                                              
    2.  AMENDMENTS TO THE ARTICLES OF ASSOCIATION                             
                                                                              
    Subject to the approval by way of special resolutions at the EGM, the     
    Board proposes to amend the following articles of the articles of         
    association of the Company (the "Articles of Association") in the         
    manner as set out below :                                                 
                                                                              
    (1)  article 13 of the Articles of Association will be amended to         
    adjust the business scope of the Company in line with its actual          
    operation and to develop the non-aeronautical business of the Company;    
    and                                                                       
                                                                              
    (2)  article 117 of the Articles of Association will be amended to        
    change the composition of the supervisory committee from 3 members to     
    4 members so that the function of the supervisory committee will be       
    further enhanced by the addition of 1 member.                             
                                                                              
    Mr. Wang Zuoyi has been nominated to be supervisor representing the       
    shareholders of the Company. The appointment of Wang Zuoyi shall be       
    subject to the approval of shareholders and the passing of the special    
    resolution at the EGM (as defined below) relating to the amendments to    
    the article 117 of the Articles of Association.                           
                                                                              
    3.  EXTRAORDINARY GENERAL MEETING                                         
                                                                              
    An extraordinary general meeting will be held at Conference Room 304,     
    Office Building of the Company, Capital Airport, Beijing, the PRC on      
    Tuesday, 18th March, 2003 at 10:00 a.m. (the "EGM") to consider the       
    ordinary resolutions to approve the change of directors and               
    supervisors as mentioned above and the special resolutions to approve     
    the amendments to the articles 13 and 117 of the Articles of              
    Association.                                                              
                                                                              
    4.  GENERAL                                                               
                                                                              
    The notice of EGM containing relevant particulars of the change of        
    directors and supervisors of the Company and the amendments to the        
    Articles of Association, the proxy form and reply slip will be            
    dispatched to the shareholders of the Company as soon as practicable.     
    Shareholders whose names appeared on the register of members of the       
    Company at the close of business on Friday, 14th February, 2003 are       
    entitled to attend and vote at the EGM.                                   
                                                                              
    Pursuant to the Articles of Association, the register of members of       
    the Company will be closed from Friday, 14th February, 2003 to            
    Tuesday, 18th March, 2003 (both days inclusive) for the purpose of the    
    EGM. Shareholders should note that during such period, no share           
    transfer will be registered.                                              
                                                                              
    By Order of the Board                                                     
    Wang Zhanbin                                                              
    Director                                                                  
    23rd January, 2003, Beijing, the PRC