09:31     TANRICH<00812> - Announcement (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.                   
                                                                              
                                                                              
    TANRICH FINANCIAL HOLDINGS LIMITED                                        
     (Incorporated in Bermuda with limited liability)                         
     (Stock Code: 812)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION AND                                              
    ANNOUNCEMENT PURSUANT TO RULE 13.13 OF THE LISTING RULES                  
                                                                              
    On 19 January 2005, Tanrich Finance, an indirect wholly-owned subsidiary  
    of the Company, entered into a Supplemental Loan Agreement with GPD to    
    extend a term loan facility to GPD in a principal amount of HK$15         
    million, upon partial repayment of principal amount of HK$5 million       
    under the Loan Agreement.                                                 
                                                                              
    The Transaction constitutes a discloseable transaction of the Company     
    under Chapter 14 of the Listing Rules and an advance to an entity         
    pursuant to Rule 13.13 of the Listing Rules. A circular in connection     
    with the Transaction will be dispatched to the shareholders of the        
    Company as soon as practicable.                                           
                                                                              
    SUPPLEMENTAL LOAN AGREEMENT                                               
                                                                              
    Date:        19 January 2005                                              
                                                                              
    Parties:        Lender:        Tanrich Finance, an indirect wholly-owned  
    subsidiary of the Company.                                                
                                                                              
            Borrower:        GPD. The Directors confirm that, to the best of  
    their knowledge, information and belief having made all reasonable        
    enquiry, GPD and its ultimate beneficial owners are independent third     
    parties not connected with any of the Directors, chief executives or      
    substantial shareholders of the Company or any of its subsidiaries or     
    their respective associates, as defined in the Listing Rules.             
                                                                              
    Terms:        Pursuant to the Supplemental Loan Agreement, upon partial   
    repayment of principal amount of HK$5 million under the Loan Agreement,   
    Tanrich Finance has conditionally agreed to extend the Reduced Facility   
    to GPD for a further period of six months immediately on the Loan         
    Repayment Date, in a principal amount of HK$15 million (the "Loan")       
    which shall be repayable, together with all interest thereon accrued, by  
    GPD on 18 July 2005. GPD may prepay the Loan partially in multiples of    
    HK$1 million any time or in full after a period of three months from the  
    date of the Supplemental Loan Agreement.                                  
                                                                              
    Save as the above, all other principal terms of the Reduced Facility      
    remain unchanged which were disclosed in the announcements of the         
    Company dated 20 July 2004 and 21 July 2004 as follows:                   
                                                                              
    (A)        The interest payable in arrears on the amounts due from GPD    
    to Tanrich Finance under the Reduced Facility in respect of each          
    interest period will be at a rate of 12 per cent. per annum. This rate    
    was determined with regard to prevailing market interest rates and with   
    reference to the nature of the Transaction. If applicable, default        
    interest will be payable at a rate of 18 per cent. per annum.             
                                                                              
    GPD agreed and covenanted to pay Tanrich Finance on demand by notice in   
    writing of Tanrich Finance made to GPD at each interest period all sums   
    of money due and payable in respect of all or any of the Reduced          
    Facility together with all interest thereon accrued.                      
                                                                              
    (B)        Security has been provided by GPD to Tanrich Finance in        
    relation to the Reduced Facility in the following forms:                  
                                                                              
    (i)        an assignment, mortgage and charge in respect of GPD's rights  
    to certain sales receivables;                                             
                                                                              
    (ii)        a charge over certain property assets; and                    
                                                                              
    (iii)        a personal guarantee from a director of GPD in favour of     
    Tanrich Finance in respect of the obligations of GPD under the Reduced    
    Facility.                                                                 
                                                                              
    (C)        The Loan is to be used for GPD's working capital purposes in   
    relation to the acquisition and development of certain properties.        
                                                                              
    The Transaction constitutes a discloseable transaction of the Company     
    under Chapter 14 of the Listing Rules. A circular in relation to the      
    Transaction will be dispatched to the shareholders of the Company as      
    soon as practicable and, in any event, within 21 days from the day of