09:47 SINOLINK HOLD<01168> & ENERCHINA HOLD<00622> - Joint Ann.(2) approximately 13.28% of the total issued capital of the Company; and (ii) 4,500,000 Options under the Option Offer, representing approximately 3.91% of the total outstanding Options. Except for the Shares acquired and the Options cancelled under the Offers, neither the Offeror nor parties acting in concert with it has acquired any Shares or cancelled any Options. Remittances in respect of the valid acceptances of the Offers have been and will be despatched to the relevant accepting Independent Enerchina Shareholders and Optionholders by ordinary post at their own risk within 10 days of the day on which all the relevant documents are received by the Registrar and/or the Company (as the case may be) to render such acceptances complete and valid, in accordance with the Takeovers Code. PUBLIC FLOAT OF THE SHARES Immediately before commencement of the offer period (as defined in the Takeovers Code), the Offeror and the parties acting in concert with it owned an aggregate 1,147,680,775 Shares, representing approximately 50.10% of the voting rights in the Company. Taking into account the valid acceptances received pursuant to the Share Offer in respect of 304,201,436 Shares and subject to completion of the transfer of those Shares to the Offeror, the Offeror and parties acting in concert with it will be interested in 1,451,882,211 Shares, representing approximately 63.38% of the entire issued share capital of the Company and of the voting rights exercisable at general meetings of the Company. As at the date of this announcement, Warburg Pincus & Co., a substantial shareholder of the Company, is interested in 515,524,377 Shares (by virtue of its deemed interest in the Shares held by Atlantic Cay International Limited and Warburg Pincus Ventures L.P., as detailed in section 4(b) to Appendix IV of the Composite Document), representing 22.50% of the voting rights in the Company. Taking into account the valid acceptances received pursuant to the Share Offer in respect of 304,201,436 Shares and subject to completion of the transfer of those Shares to the Offeror, public float for the Shares will be 14.12%. The directors of the Offeror will undertake to the Stock Exchange that appropriate steps will be taken to ensure that not less than 25% of public float exists for the Shares. Application will be made by the Company to the Stock Exchange for a waiver from strict compliance with Rule 8.08 of the Listing Rules on the 25% minimum public float requirement for a period of one month from the date of this announcement until 18 February 2005. Since the public float of the Company has fallen below 25%, the Stock Exchange indicates that the Shares should be suspended for dealings in accordance with the Listing Rules. As such, the Company has applied and requested for a suspension of dealings in the Shares as from 19 January 2005 pending further announcement on the public float issue. By Order of the Board of By Order of the Board of Sinolink Worldwide Holdings Limited Enerchina Holdings Limited OU Yaping SUN Qiang Chang Chairman Chairman Hong Kong, 18 January 2005 As at the date of this announcement, the boards of the Offeror and the Company comprise respectively: SINOLINK WORLDWIDE HOLDINGS LIMITED ENERCHINA HOLDINGS LIMITED Executive Directors: Executive Directors: OU Yaping (Chairman) SUN Qiang Chang (Chairman) TANG Yui Man Francis (Chief Executive Officer) OU Yaping (Vice chairman) LAW Sze Lai XIANG Ya Bo CHEN Wei TANG Yui Man Francis LENG Xuesong Independent Non-executive Directors: XU Xinghai LI Zhi Xiang XIN Luo Lin Independent Non-executive Directors: Davin A. MACKENZIE XIN Luo Lin LU Yungang Davin A. MACKENZIE The directors of the Company jointly and severally accept full responsibility for the accuracy of information relating to the Enerchina Group contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, the opinions expressed by the Company in this announcement have been arrived at after due and careful consideration and that there are no other facts relating to the Enerchina Group not contained in this announcement, the omission of which would make any statement in this announcement misleading. The directors of the Offeror jointly and severally accept full responsibility for the accuracy of information contained in this