09:23     AVICHINA<02357> - Announcement                                      

    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.               
                                                                              
    AviChina Industry & Technology Company Limited*                           
    (A joint stock limited company incorporated in the People's Republic      
    of China with limited liability)                                          
    (Stock Code : 2357)                                                       
                                                                              
    Extension of date for despatch of circular relating to Discloseable       
    and Connected Transactions                                                
                                                                              
    The despatch of the circular to the Shareholders regarding the            
    Transactions of the Company will be delayed from on or before 21          
    January 2005 to on or before 4 February 2005. The Company will as         
    soon as practicable despatch the circular                                 
                                                                              
    Reference is made to the announcement of the Company dated 30             
    December 2004 (the `Announcement') in relation to the Discloseable        
    and Connected Transactions. Capitalised terms used herein shall have      
    the same meanings as defined in the Announcement unless defined           
    otherwise.                                                                
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    Pursuant to Rules 14.38 and 14A.49 of the Listing Rules, the Company      
    is required to despatch a circular in relation to the Discloseable        
    and Connected Transactions (the `Circular') to its Shareholders           
    within 21 days after publication of the Announcement, that is, on or      
    before 21 January 2005. It is required pursuant to the Listing Rules      
    that the Circular shall include a letter from the Independent Board       
    Committee to the Shareholders. However, due to the personal               
    commitments of certain directors, there is a delay in the convening       
    the Independent Board Committee to review the Discloseable and            
    Connected Transactions and accordingly the Company has delayed the        
    despatch of a circular in accordance with the Listing Rules. The          
    Company will as soon as practicable despatch the circular as and when     
    the Independent Board Committee completes its review of the               
    Transactions and issues its letter of advice to Independent               
    Shareholders. The Company has applied to the Stock Exchange for a         
    waiver for the delay in despatch of the Circular from on or before 21     
    January 2005 to on or before 4 February 2005.                             
                                                                              
                                   By Order of the Board of                   
                                   AviChina Industry &                        
                                   Technology Company Limited                 
                                   Yan lingxi Company                         
                                   Secretary                                  
                                                                              
    Hong Kong, 20 January 2005                                                
                                                                              
    As at the date of this announcement, the board of the Company             
    comprises executive directors Mr. Zhang Hongbiao and Mr. Wu Xiandong,     
    and non-executive directors Mr. Liang Zhenhe, Mr. Song Jingang, Mr.       
    Chen Huaiqiu, Mr. Xu Tongxing, Mr. Cui Xuewen, Mr. Tian Min, Mr. Yang     
    Jinhuai, Ms. Hu Jiarui, Mr. Maurice Savart as well as independent         
    non-executive directors Dr. The Hon. Li Kwok-Po, David, Mr. Guo           
    Chongqing and Mr. Li Xianzong.