09:25     BUILD KING HOLD<00240> - Announcement (3)                           

    As at the date of this announcement, the board of Directors comprises     
    two executive directors, namely Messrs. Zen Wei Peu, Derek and Yu Sai     
    Yen, two non-executive directors, namely Messrs. David Howard Gem and     
    Cheng Chi Pang, Leslie, and three independent non-executive directors,    
    namely Dr. Chow Ming Kuen, Joseph and Messrs. Ng Chi Ming, James and Ho   
    Tai Wai, David.                                                           
                                                                              
    Definitions                                                               
                                                                              
    In this announcement, unless the context otherwise requires, the          
    following terms shall have the following meanings:-                       
                                                                              
    "Board"        the board of Directors;                                    
                                                                              
    "CRTE"        "*" (China Railway Tenth Group Third Engineering Co.,       
    Ltd.), a company established in the PRC and wholly-owned by CRTG;         
                                                                              
    "CRTG"        "*" (China Railway Tenth Group Co., Ltd.), a state-owned    
    limited liability company established in the PRC;                         
                                                                              
    "Co-Investments"        the investments in CRTE by WKC&T and CRTG under   
    the JV Agreement as mentioned in the paragraph headed "The                
    Co-Investments" in this announcement;                                     
                                                                              
    "Company"        Build King Holdings Limited, a company incorporated in   
    Bermuda with limited liability and the shares of which are listed on the  
    Stock Exchange;                                                           
                                                                              
    "connected person(s)"        has the meanings ascribed thereto in the     
    Listing Rules;                                                            
                                                                              
    "Directors"        directors of the Company;                              
                                                                              
    "Group"        the Company and its subsidiaries;                          
                                                                              
    "Hong Kong"        The Hong Kong Special Administrative Region of the     
    PRC;                                                                      
                                                                              
    "Investment"        the investment of RMB12.5 million (equivalent to      
    around HK$11.8 million) in CRTE by the Company pursuant to the JV         
    Agreement;                                                                
                                                                              
    "JV Agreement"        the joint venture agreement dated 2 November 2004   
    entered into between WKC&T and CRTG in relation to the Co-Investments;    
                                                                              
    "Listing Rules"        Rules Governing the Listing of Securities on the   
    Stock Exchange;                                                           
                                                                              
    "PRC"        People's Republic of China;                                  
                                                                              
    "Share(s)"        the ordinary share(s) of HK$0.1 each in the issued      
    share capital of the Company;                                             
                                                                              
    "Shareholder(s)"        holder(s) of the Share(s);                        
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited;          
                                                                              
    "WKC&T"        Wai Kee (Zens) Construction & Transportation Company       
    Limited, a company incorporated in Hong Kong and a wholly-owned           
    subsidiary of the Company;                                                
                                                                              
    "HK$"        Hong Kong dollar(s), the lawful currency of Hong Kong;       
                                                                              
    "RMB"        Renminbi, the lawful currency of the PRC, and the exchange   
    rate for RMB into HK$ for the purpose of this announcement is             
    RMB1.06=HK$1.00; and                                                      
                                                                              
    "%"        per cent.                                                      
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    Build King Holdings Limited                                               
    Fong Shiu Leung, Keter                                                    
    Company Secretary                                                         
                                                                              
    Hong Kong, 30 November 2004