09:01     CHINA MEDICAL<08120> - Announcement                                 

                                                                              
    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or               
    in reliance upon the whole or any part of the contents of this            
    announcement.                                                             
                                                                              
    CHINA MEDICAL SCIENCE LIMITED                                             
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8120)                                                        
                                                                              
    DELAY IN DISPATCH OF CIRCULAR REGARDING A MAJOR TRANSACTION               
    AND                                                                       
    REPAYMENT OF CONVERTIBLE NOTE                                             
                                                                              
    Delay in dispatch of circular                                             
    The dispatch of the circular relating to the Proposed Disposal            
    as announced by the Company in an announcement dated 24 December          
    2004 will be delayed to 2 February 2005 to allow more time to             
    finalise the statement of indebtedness for inclusion in the               
    circular as required by the GEM Listing Rules.                            
                                                                              
    Repayment of Convertible Note                                             
    The Convertible Note in the principal amount of HK$26,740,760             
    issued by the Company to CPT on 23 March 2001 has been repaid             
    by the Company to CPT in full by 22 December 2004.                        
                                                                              
    By order of the Board                                                     
    China Medical Science Limited                                             
    Yu Ling Ling                                                              
    Company Secretary                                                         
                                                                              
    Hong Kong, 17 January 2005                                                
                                                                              
    This announcement, for which the directors of China Medical               
    Science Limited (the "Company") (the "Directors") collectively            
    and individually accept full responsibility, includes                     
    particulars given in compliance with the Rules Governing the              
    Listing of Securities on the Growth Enterprise Market of The              
    Stock Exchange of Hong Kong Limited for the purpose of giving             
    information with regard to the Company. The Directors, having             
    made all reasonable enquiries, confirm that, to the best of               
    their knowledge and belief: (1) the information contained in              
    this announcement is accurate and complete in all material                
    respects and not misleading; (2) there are no other matters               
    the omission of which would make any statement in this                    
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful                   
    consideration and are founded on bases and assumptions that               
    are fair and reasonable.                                                  
                                                                              
    The above announcement is a summary only. For the full version            
    of this announcement, please refer to the "Latest Company                 
    Announcements" page on the GEM website of                                 
    http://www.hkgem.com.