11:21 ZHEJIANG GLASS<00739> - Announcement & Resumption (8) Other than being an employee of the Group, Mr Yang does not have any relationship with any other Directors, senior management, substantial shareholders (as defined in the Listing Rules), or controlling shareholders (as defined in the Listing Rules) of the Company. Mr Yang does not have any interests in shares of the Company within the meaning of Part XV of the SFO. Mr Yang has not entered into any service contract with the Company in which any emolument for his position as a supervisor was specified and Mr Yang will not be entitled to any bonus. The emolument, if any, of Mr Yang as a supervisor of the Company, will be determined subsequent to the EGM by reference to the current emoluments of other supervisors of the Company. Further announcement will be made by the Company when the emolument of Mr Yang as a supervisor of the Company is determined. Save as disclosed above, there are no other matters which need to be brought to the Shareholders' attention regarding the appointment of Mr Yang. E. CIRCULAR A circular containing, among other things, details of the A Share Issue, amendments to the Articles, appointment of Director and the notices of the Class Meetings and the EGM will be dispatched to the Shareholders as soon as practicable. F. RESUMPTION OF TRADING Trading in the H Shares was suspended at 9:30 a.m. on 5 January 2005 upon request by the Company. Application has been made to the Stock Exchange for resumption of trading in the H Shares with effect from 9:30 a.m. on 7 January 2005. DEFINITIONS In this announcement, unless the context otherwise requires, the following terms shall have the following meanings: "A Shares" the Domestic Shares which are proposed to be allotted and issued to institutional and public investors in the PRC by the Company and listed on the Shanghai Stock Exchange "A Share Issue" the proposed issue of not more than 280 million A Shares to institutional and public investors in the PRC by the Company, which are proposed to be listed on the Shanghai Stock Exchange "Articles" the articles of association of the Company from time to time "Board" the board of Directors of the Company "Class Meetings" the class meeting of the holders of Domestic Shares and the class meeting of the holders of H Shares to be held on or around 28 February 2005 to approve, inter alia, the A Share Issue "Company" *(Zhejiang Glass Company, Limited), a joint stock limited company incorporated in the PRC, the H Shares of which are listed and traded on the Hong Kong Stock Exchange "CSRC" China Securities Regulatory Commission (*) "Directors" the directors of the Company "Domestic Shares" the ordinary shares of RMB1.00 each issued by the Company, which are subscribed for or credited as fully paid up in Renminbi by PRC nationals "EGM" the extraordinary general meeting of the Company to be held immediately after the conclusion or adjournment of the Class Meetings on or around 28 February 2005 to approve, inter alia, the A Share Issue "Group" the Company and its subsidiaries "Hong Kong Stock Exchange" The Stock Exchange of Hong Kong Limited "H Shares" overseas listed foreign shares of RMB1.00 each in the share capital of the Company which are listed on the Hong Kong Stock Exchange and traded in Hong Kong dollars "Listing Rules" the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange "PRC" the People's Republic of China