10:06     SOUTH EAST GP<00726> - Announcement (3)                             

    For the purpose of illustration only, amounts denominated in              
    RMB have been translated into HK$ at the rate of RMB1.00 =                
    HK$0.94.                                                                  
                                                                              
    If there is any inconsistency between the Chinese names of the            
    PRC entities mentioned in this announcement and their English             
    name translations, the Chinese version shall prevail.                     
                                                                              
    The directors of the Company as at the date of this announcement          
    are Mr. Budiman Rahardja and Mr. Kwan Kei Chor, Samuel as                 
    executive directors, Mr. Chen Zhi Yung as non-executive                   
    director and Mr. Lo Yuk Lam, Mr. Wong Kam Wah and Mr. Ng Chun             
    Hung, Lawrence as independent non-executive directors.                    
                                                                              
    By order of the Board                                                     
    Kwan Kei Chor, Samuel                                                     
    Director                                                                  
                                                                              
    Hong Kong, 6 January 2005