10:04     CHINA AGROTECH<01073> - Announcement (5)                            

    "JV Company"    * (Hunan                                                  
    Xiangnong Agricultural Resources Trading Co., Ltd.),                      
    an equity joint venture to be established in the PRC                      
    pursuant to the Agreement                                                 
                                                                              
    "JV Parties"    Hunan Xiangnong, Fujian Agrotech and                      
    Xiamen Genben                                                             
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Shareholders"  the Shareholders of the Company                           
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "Xiamen Genben" * (Xiamen                                                 
    Genben Fine Chemical Industry Co., Ltd.), a company                       
    incorporated in the PRC and an indirect wholly owned                      
    subsidiary of the Company being one of the JV Parties                     
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    For the purpose of this announcement, an exchange rate                    
    of HK$1 = RMB1.06 has been adopted for illustrative                       
    purpose only.                                                             
                                                                              
    By the order of the Board                                                 
    China Agrotech Holdings Limited                                           
    Wu Shaoning                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 4 January 2005                                                 
                                                                              
    *  For the Chinese name, please refer to the press announcement today.