09:18     GLOBAL CHI GP<01105> - Announcement (2)                             

    Company, the time and procedures for exchange of new share certificates   
    and the arrangement relating to the trading and dealings in the shares    
    of the Company under the new name.                                        
                                                                              
    By order of the Board                                                     
    Global China Group Holdings Limited                                       
    Charles Ho Tsu Kwok                                                       
    Chairman                                                                  
                                                                              
    Hong Kong, 10 January 2005                                                
                                                                              
    As at the date of this announcement, the Board comprises: (1) executive   
    directors: Mr. HO Tsu Kwok Charles (Chairman), Mr. JIA Hongping, Mr.      
    JIM Sui Hing, Mr. LAI Ting Yiu, Mr. LO Wing Hung, Mrs. SY Wong Chor       
    Fong, Mr. WONG Wai Ming, Mr. YANG Yiu Chong Ronald Jeffrey; (2)           
    non-executive director: Mr. LEUNG Chun Ying and (3) independent           
    non-executive directors: Mr. Timothy David DATTELS, Ms. HO Chiu King      
    Pansy Catilina, Mr. Richard Yun Zing KING, Dr. TONG Yuk Lun Paul and      
    Mr. TUNG Chee Chen.                                                       
                                                                              
    # For the Chinese name, please refer to the press announcement today.