09:32     TANRICH<00812> - Announcement (3)                                   

    "Market Capitalisation"        the total market capitalisation of the     
    Company as at 19 January 2005 amounting to HK$162 million based on the    
    total number of 200 million shares of the Company in issue on 19 January  
    2005 and the average closing price of HK$0.81 for the five business days  
    immediately preceding 19 January 2005                                     
                                                                              
    "Supplemental Loan        the supplemental loan agreement dated 19        
    January 2005 entered                                                      
      Agreement"        into by Tanrich Finance and GPD in relation to the    
    Loan Agreement and the Reduced Facility                                   
                                                                              
    "Tanrich Finance"        Tanrich Finance Limited, a company incorporated  
    in Hong Kong with limited liability and an indirect wholly-owned          
    subsidiary of the Company                                                 
                                                                              
    "Transaction"        the transaction more particularly described under    
    the sub-heading "Terms"                                                   
                                                                              
    The Directors as at the date of this announcement are as follows:         
                                                                              
    Executive Directors:                                                      
    Mr. Yip Man Fan                                                           
    Mr. Kwok Kam Hoi                                                          
    Mr. Tsunoyama Toru                                                        
    Mr. Lee Chi Shing, Caesar                                                 
    Mr. Lee Kit Ming, Edmund                                                  
                                                                              
    Independent Non-Executive Directors:                                      
    Mr. Lam, Andy Siu Wing JP                                                 
    Mr. Sun Shuyi                                                             
    Mr. Yu King Tin                                                           
    By Order of the Board                                                     
    Tanrich Financial Holdings Limited                                        
    Kwok Kam Hoi                                                              
    Chief Executive                                                           
    Hong Kong, 20 January 2005