09:11     ENERCHINA HOLD<00622>-Announcement&Resumption of Trading(1)         

    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.                   
                                                                              
    ENERCHINA HOLDINGS LIMITED                                                
    (Incorporation in Bermuda with limited liability)                         
    (Stock Code: 622)                                                         
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    STATUS OF THE PUBLIC FLOAT AND THE SALE OF SHARES BY                      
    SINOLINK WORLDWIDE HOLDINGS LIMITED                                       
                                                                              
    Immediately after the close of the Offers on 18 January 2005, the public  
    float for the Shares was 14.12%. Since this is below the minimum public   
    float requirement of 25% and also below 15% set out in Rule 8.08 of the   
    Listing Rules, the Stock Exchange has indicated 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.                                                       
                                                                              
    The Offeror has notified the Company that it is in the process of         
    finalising the appointment of an international financial institution as   
    its placing agent to procure placing of Shares to independent third       
    parties to the Company.                                                   
                                                                              
    The Offeror has notified the Company that on 19 January 2005, the         
    Offeror had agreed to sell an aggregate of 23,100,000 Shares (the         
    "Sale") to an investor who is independent and not a connected person (as  
    defined in the Listing Rules) of the Company at a price of HK$0.63 per    
    Share (the "Sale Price"), representing approximately 1.01% of the total   
    issued share capital of the Company. The Sale is unconditional and is     
    expected to complete on 21 January 2005, being the second day when the    
    Shares resume trading on the Stock Exchange.                              
                                                                              
    Upon the completion of the Sale, Sinolink and the parties acting in       
    concert with it will be interested in a total of 1,428,782,211 Shares,    
    representing approximately 62.37% of the total issued share capital of    
    the Company. Furthermore, upon the completion of the Sale, 346,627,316    
    Shares will be held in the hands of public representing 15.13% of the     
    total issued share capital of the Company.                                
                                                                              
    The Offeror has notified the Company that, pursuant to Note 2 to Rule     
    8.08(1) of the Listing Rules, the directors of the Offeror have           
    undertaken to the Stock Exchange to take a number of steps to restore     
    the public float in the Shares by 18 February 2005.                       
                                                                              
    Pursuant to Note 2 to Rule 8.08(1) of the Listing Rules, the directors    
    of the Company have also undertaken to the Stock Exchange to take         
    appropriate steps to ensure restoration of the minimum percentage of the  
    Shares to public hands on or before 18 February 2005.                     
                                                                              
    The Company has applied for the resumption of trading in the Shares       
    effective from 9:30 am on 20 January 2005.                                
                                                                              
    Reference is made to the composite document issued jointly by the         
    Offeror and the Company on 28 December 2004 in relation to the Offers     
    (the "Composite Document") and the announcement dated 18 January 2005     
    jointly issued by the Offeror and the Company setting out the details of  
    the results of the Offers and the status of the Company in meeting the    
    25% public float requirement under Rule 8.08 of the Listing Rules. Terms  
    used in this announcement shall have the same meanings as defined in the  
    Composite Document.                                                       
                                                                              
    PUBLIC FLOAT OF THE SHARES                                                
    Immediately after the close of the Offers on 18 January 2005, the public  
    float for the Shares was 14.12%. Since this is below the minimum public   
    float requirement of 25% and also below 15% set out in Rule 8.08 of the   
    Listing Rules, the Stock Exchange has indicated 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.                                                       
                                                                              
    SALE                                                                      
    The Offeror has notified the Company that it is in the process of         
    finalising the appointment of an international financial institution as   
    its placing agent to procure placing of Shares to independent third       
    parties to the Company.                                                   
                                                                              
    The Offeror has notified the Company that on 19 January 2005, the         
    Offeror had agreed to sell an aggregate of 23,100,000 Shares (the