09:38     DYNASTY FINE WINES GROUP LIMITED<00828> - Announcement (6)          

    The total number of the Offer Shares available under the Hong Kong        
    Public Offering is to be divided equally into two pools for               
    allocation purposes: pool A and pool B. The Hong Kong Public Offer        
    Shares in pool A will be allocated on an equitable basis to applicants    
    who have applied for the Hong Kong Public Offer Shares with a total       
    subscription amount of HK$5 million (excluding brokerage, the Stock       
    Exchange trading fee, the SFC transaction levy and investor               
    compensation fee payable) or less. The Hong Kong Public Offer Shares      
    in pool B will be allocated on an equitable basis to applicants who       
    have applied for the Hong Kong Public Offer Shares with a total           
    subscription amount of more than HK$5 million (excluding brokerage,       
    the Stock Exchange trading fee, the SFC transaction levy and investor     
    compensation fee payable) up to the value of pool B. Investors should     
    be aware that applications in pool A and applications in pool B may       
    receive different allocation ratios. If Hong Kong Public Offer            
    Shares in one (but not both) of the pools are undersubscribed, the        
    surplus Hong Kong Public Offer Shares will be transferred to the          
    other pool to satisfy demand in that other pool and be allocated          
    accordingly. For the purpose of this subsection only, the                 
    ``subscription price'' for the Hong Kong Public Offer Shares means        
    the price payable on application therefor (without regard to the          
    Offer Price as finally determined). Applicants can only receive an        
    allocation of Hong Kong Public Offer Shares from either Pool A or         
    Pool B but not from both pools.                                           
                                                                              
    It is expected that the Offer Price, the level of indication of           
    interest in the Share Offer, the results of applications and the          
    basis of allocation of Hong Kong Public Offer Shares will be              
    published on Tuesday, 25 January 2005 in the South China Morning Post     
    (in English) and the Hong Kong Economic Times (in Chinese).               
                                                                              
    If you have applied for the Hong Kong Public Offer Shares on a yellow     
    Application Form or by way of giving electronic application               
    instruction to HKSCC and your application is wholly or partially          
    successful, the Hong Kong Public Offer Shares allocated to you shall      
    be registered in the name of HKSCC Nominees and deposited into CCASS      
    for credit to your CCASS Investor Participant stock account or the        
    stock account of your designated CCASS Participant as instructed by       
    you in your yellow Application Form or electronically. You should         
    check the number of Hong Kong Public Offer Shares allotted to you         
    with your designated CCASS Participant, if you are applying through       
    a designated CCASS Participant (other than a CCASS Investor               
    Participant). If you are applying as a CCASS Investor Participants,       
    you should check the announcement to be published by the Company on       
    Tuesday, 25 January 2005 and report any discrepancies to HKSCC before     
    5:00 p.m. on Tuesday, 25 January 2005 or such other date as shall         
    be determined by HKSCC or HKSCC Nominees. You can check your new          
    account balance via the CCASS Phone System and CCASS Internet System      
    (under the procedures contained in HKSCC's ``An Operating Guide for       
    Investor Participants'' in effect from time to time) on Tuesday, 25       
    January 2005 (if you are applying for the application for the Hong        
    Kong Public Offer Shares by giving electronic applications to HKSCC)      
    or immediately after the credit of the Hong Kong Public Offer Shares      
    to your Investor Participant stock account (if you are applying using     
    a yellow Application Form). HKSCC will also make available to you         
    an activity statement showing the number of Hong Kong Public Offer        
    Shares credited to your CCASS Investor Participant stock account.         
                                                                              
    By order of the Board                                                     
    Dynasty Fine Wines Group Limited                                          
    He Xiuheng                                                                
    Chairman                                                                  
                                                                              
    Hong Kong, 17 January 2005                                                
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    He Xiuheng, Mr. Gao Xiaode, Mr. Nie Jiansheng, Mr. Bai Zhisheng and       
    Mr. Chen Naiming. The non-executive Directors are Mr.                     
    Heriard-Dubreuil, Francois, Mr. Wang Guanghao, Mr. Cheung Wai Ying,       
    Benny, Mr. Zhang Wenlin, Mr. Wong Ching Chung and Mr. Robert Luc.         
    The independent non-executive Directors are Mr. Lai Ming, Joseph,         
    Mr. Hui Ho Ming, Herbert and Mr. Chau Ka Wah, Arthur.