09:30     LONG FAR PHARMA<02898> - Announcement & Resumption (2)              

    (2)  Parties:                                                             
                                                                              
    Vendor:  Ever Up International Investment Limited. To the best of the     
    Directors' knowledge, information and belief having made all reasonable   
    enquiry, the Vendor and its ultimate beneficial owner(s) and their        
    respective associates (as defined in the Listing Rules) are third         
    parties independent of the Company and its connected persons (as          
    defined in the Listing Rules).                                            
                                                                              
        The Company has been informed by the Vendor that the Vendor is        
    engaged in property investments.                                          
                                                                              
    Purchaser:  Long Far Investment (Hong Kong) Limited (formerly known as    
    Great Chance Investment Limited), a wholly-owned subsidiary of the        
    Company.                                                                  
                                                                              
    (3)  Property:                                                            
                                                                              
    14th Floor, Tower One, Ever Gain Plaza, No. 88 Container Port Road,       
    Kwai Chung, New Territories, Hong Kong occupying a total gross floor      
    area of 23,198 square feet.                                               
                                                                              
    The Property is currently leased to a tenant (who together with its       
    ultimate beneficial owner(s) are, to the best of the Directors'           
    knowledge, information and belief having made all reasonable enquiry,     
    third parties independent of the Company and the Company's connected      
    persons (as defined in the Listing Rules)).                               
                                                                              
    The Property will be sold to the Purchaser on a vacant possession basis   
    free from any tenancy.                                                    
                                                                              
    (4)  Completion:                                                          
                                                                              
    On or before 15 April 2005.                                               
                                                                              
    (5)  Consideration:                                                       
                                                                              
    The Consideration is HK$31,380,000 which has been or will be paid by      
    the Purchaser to the Vendor in cash in the following manner:-             
                                                                              
    (i)  HK$1,569,000, representing 5% of the Consideration, has been paid    
    upon signing of the Provisional Sale and Purchase Agreement;              
                                                                              
    (ii)   HK$1,569,000, representing 5% of the Consideration, will be paid   
    upon signing of the Formal Agreement; and                                 
                                                                              
    (iii)  The balance of the Consideration in the sum of HK$28,242,000       
    will be paid upon completion of the Acquisition on or before 15 April     
    2005.                                                                     
                                                                              
    The Company plans to finance the Acquisition as to approximately 40% of   
    the Consideration by internal resources of the Group and approximately    
    60% of the Consideration by bank mortgage loan.                           
                                                                              
    The Property was valued at HK$31,500,000 as at 14 January 2005 by the     
    Valuer.                                                                   
                                                                              
    The Consideration was arrived at after arm's length negotiations          
    between the Vendor and the Purchaser by reference to information          
    available to the Company based on discussions made with several bankers   
    about the valuation of the Property.                                      
                                                                              
    (6)  Conditions:                                                          
                                                                              
    Completion of the Acquisition is conditional upon the consent or          
    approval as required under the Listing Rules or such other regulatory     
    requirements being obtained where applicable.                             
                                                                              
    In the event that the Purchaser is not able to complete the Acquisition   
    (other than due to the Vendor's default in whole or in part), all         
    deposits paid by the Purchaser will be forfeited to the Vendor,           
    whereupon none of the parties thereto will have any further claims        
    against each other.                                                       
                                                                              
    REASONS FOR AND BENEFITS OF THE ACQUISITION                               
                                                                              
    The Group is engaged in the trading of proprietary Chinese medicines      
    and the manufacture and distribution of pharmaceutical products. The      
    Property will be used as the new office of the Group.                     
                                                                              
    The Board considers that the Acquisition will benefit the Group as it     
    will save the Group's rental expenses for its existing office, which      
    currently is at an annual amount of approximately HK$2 million (as