09:27     LIPPO CHINA RES<00156> & HK CHINESE LTD<00655>-Joint Ann (5)        

    investment holding. LCR is Lippo's principal                              
    subsidiary. The principal activities of the                               
    subsidiaries of LCR are investment holding, property                      
    investment and development, food businesses,                              
    property management, fund management, underwriting,                       
    insurance, corporate finance, securities broking,                         
    securities investment, treasury investment, money                         
    lending, commercial banking and other financial                           
    services.                                                                 
                                                                              
    The principal activity of HCL is investment holding.                      
    Its subsidiaries are principally engaged in                               
    investment holding, property investment and                               
    development, fund management, underwriting,                               
    insurance, corporate finance, securities broking,                         
    securities investment, treasury investment, money                         
    lending, commercial banking and other financial                           
    services.                                                                 
                                                                              
    The principal activity of Lippo Securities is                             
    investment holding. Its subsidiaries are principally                      
    engaged in investment holding, securities and                             
    commodities broking, asset management, underwriting,                      
    corporate finance, money lending, and other related                       
    financial services.                                                       
                                                                              
    The principal business of each of Superform and Prime                     
    Power is property investments.                                            
                                                                              
    By Order of the Board                                                     
    LIPPO CHINA RESOURCES LIMITED                                             
    Millie Luk                                                                
    Secretary                                                                 
                                                                              
    By Order of the Board                                                     
    HONGKONG CHINESE LIMITED                                                  
    Andrew Hau                                                                
    Secretary                                                                 
                                                                              
    Hong Kong, 10th January, 2005                                             
                                                                              
    As at the date of this announcement, the board                            
    composition of each of LCR and HCL is as follows:                         
                                                                              
    LCR                                                                       
    Non-executive Directors:                                                  
    Dr. Mochtar Riady                                                         
    Mr. Ning Gaoning                                                          
    Mr. Leon Nim Leung Chan                                                   
                                                                              
    Executive Directors:                                                      
    Mr. James Riady                                                           
    Mr. Stephen Riady                                                         
    Mr. John Luen Wai Lee                                                     
                                                                              
    Independent Non-executive Directors:                                      
    Mr. Edwin Neo                                                             
    Mr. Victor Ha Kuk Yung                                                    
    Mr. King Fai Tsui                                                         
                                                                              
    HCL                                                                       
    Non-executive Directors:                                                  
    Dr. Mochtar Riady                                                         
    Mr. Leon Nim Leung Chan                                                   
                                                                              
    Executive Directors:                                                      
    Mr. Stephen Riady                                                         
    Mr. John Luen Wai Lee                                                     
    Mr. Jesse Nai Chau Leung                                                  
    Mr. Kee Yee Kor                                                           
                                                                              
    Independent Non-executive Directors:                                      
    Mr. Albert Saychuan Cheok                                                 
    Mr. Victor Ha Kuk Yung                                                    
    Mr. King Fai Tsui                                                         
                                                                              
    *  For identification purpose only