09:43     CHIAHSIN CEMENT<00699> - Announcement (4)                           

                                   company incorporated in the                
                                   Cayman Islands on 20                       
                                   September 1995 with limited                
                                   liability, being a                         
                                   substantial Shareholder and                
                                   owned as to approximately                  
                                   69.73% by CHC, approximately               
                                   24.2% by Tong Yang Chia Hsin               
                                   International Corporation                  
                                   (which is owned as to 87.18%               
                                   by CHC), approximately 4.2%                
                                   by CHC Holdings Inc. (which                
                                   is a wholly owned subsidiary               
                                   of CHC), approximately 1.2%                
                                   by Chia Hsin RMC Corporation               
                                   (which is owned as to 13.7%                
                                   by CHC), approximately 0.5%                
                                   by Mr. Chang Yung Ping,                    
                                   Johnny, a non-executive                    
                                   Director and approximately                 
                                   0.2% by Sung-Ju Investment                 
                                   Corporation                                
    `Company'                      Chia Hsin Cement Greater                   
                                   China Holding Corporation, a               
                                   company incorporated in the                
                                   Cayman Islands with limited                
                                   liability and the issued                   
                                   Shares of which are listed on              
                                   the main board of the Stock                
                                   Exchange                                   
    `connected person(s)'          has the meaning ascribed to                
                                   it under the Listing Rules                 
    `Director(s)'                  the director(s) of the                     
                                   Company                                    
    `EGM'                          an extraordinary general                   
                                   meeting of the Company to be               
                                   held to consider, and if                   
                                   thought fit, to approve the                
                                   Supply Agreement and the                   
                                   Transactions including the                 
                                   Proposed Caps                              
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Hong Kong'                    Hong Kong Special                          
                                   Administrative Region of the               
                                   PRC                                        
    `Independent Board Committee'  an independent board                       
                                   committee, comprising the                  
                                   independent non-executive                  
                                   Directors, to be established               
                                   for the purpose of reviewing               
                                   the terms of the Supply                    
                                   Agreement and, the                         
                                   Transactions including the                 
                                   Proposed                                   
                                   Caps                                       
    `Independent Shareholders'     Shareholders other than CHC                
                                   and its                                    
                                   associates                                 
    `JCC'                          Chia Hsin Jingyang Cement                  
                                   Co., Ltd, a wholly foreign                 
                                   owned enterprise established               
                                   in the PRC on 26 June 1993                 
                                   and an indirect wholly owned               
                                   subsidiary of the                          
                                   Company                                    
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock                                      
                                   Exchange                                   
    `Percentage Ratios'            the percentage ratios under                
                                   Rule 14.07 of the Listing                  
                                   Rules, other than the equity               
                                   capital ratio and the profits              
                                   ratio                                      
    `PRC'                          the People's Republic of                   
                                   China which, for the purpose               
                                   of this announcement,                      
                                   excluding Hong Kong, Macau                 
                                   Special Administrative Region              
                                   and                                        
                                   Taiwan                                     
    `Proposed Caps'                the respective proposed                    
                                   maximum annual aggregate                   
                                   value of the Transactions for              
                                   each of the three financial                
                                   years ending 31 December                   
                                   2007                                       
    `Share(s)'                     share(s) of the US$0.01 each               
                                   in the share capital of the                
                                   Company                                    
    `Shareholder(s)'               holder(s) of the Share(s)                  
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong