09:55     SHOUGANG GRAND<00730> - Announcement (2)                            

    By order of the Board                                                     
    SHOUGANG CONCORD GRAND (GROUP) LIMITED                                    
    Chen Zheng                                                                
    Executive Director                                                        
                                                                              
    Hong Kong, 17 January 2005                                                
                                                                              
    As at the date of this announcement, the board of directors of            
    Shougang Concord Grand (Group) Limited comprises  Wang Qinghai            
    (Chairman), Cao Zhong (Vice Chairman), Chen Zheng (Executive              
    Director), Wang Tian (Executive Director), Cheng Xiaoyu                   
    (Executive Director), Leung Shun Sang, Tony (Non-executive                
    Director), Choy Hok Man, Constance (Non-executive Director),              
    Tam King Ching, Kenny (Independent Non-executive Director),               
    Hui Hung Stephen (Independent Non-executive Director) and Zhou            
    Jianhong (Independent Non-executive Director).