08:53     BP-HSI @EC0507C<03763> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Index Call Warrants relating to             
    the Hang Seng Index issued by BNP Paribas Arbitrage Issuance B.V.         
    will commence at 9:30 a.m. today (11/01/2005) under the                   
    following particulars:-                                                   
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3763            BP-HSI @EC0507C         10,000 units                      
                                                                              
    In this announcement, for reference only and unless otherwise             
    specified, the translation of RMB into HK$ is based on the exchange       
    rate of HK$0.9346 to RMB1.                                                
                                                                              
                                                                              
    By order of the Board                                                     
    Wu Yih Chin                                                               
    Managing Director                                                         
                                                                              
    Hong Kong                                                                 
    10 January 2005                                                           
                                                                              
    As at the date of this announcement, the Board of Directors of the        
    Company is comprised of Mr. Koo Cheng Yun, Leslie as Chairman; Mr. Wu     
    Yih Chin as Managing Director; Mr. Hui-Bon-Hoa Khien Piau, Pierre as      
    Non-executive Director; Mr. Liao Poon Huai, Donald, Dr. Shan Weijian      
    and Mr. David Kuohsien Chung as Independent Non-executive                 
    Directors.