09:39     BEIJING AIRPORT<00694> - Announcement (5)                           

    "Transaction" The transaction contemplated under the Project Agreement    
                                                                              
    "HK$" Hong Kong dollars, the lawful currency of the Hong Kong Special     
    Administrative Region of the PRC                                          
                                                                              
    "RMB" Renminbi, the lawful currency of the PRC                            
                                                                              
    By order of the Board                                                     
    Wang Zhanbin                                                              
    Chairman                                                                  
                                                                              
    Beijing, PRC, 18 January 2005                                             
                                                                              
    Note:                                                                     
                                                                              
    1. As at the date of this Announcement, the Board comprises Mr. Wang      
    Zhanbin and Mr. Wang Jiadong as executive directors, Mr. Dominique M.     
    Pannier, Mr. Chen Guoxing, Mr. Zheng Hui and Mr. Wang Zengyi as non       
    -executive directors, and Mr. Long Tao, Mr. Moses Cheng Mo Chi and        
    Mr.Kwong Che Keung, Gordon as independent non-executive directors.        
                                                                              
    2. Unless otherwise specified, the conversion of HK$ into RMB is based    
    on the exchange rate of HK$1.00 to RMB1.06.