09:44     CHIAHSIN CEMENT<00699> - Announcement (5)                           

                                   Limited                                    
    `substantial Shareholder(s)'   has the meaning as ascribed                
                                   to it under the Listing                    
                                   Rules                                      
    `Supply Agreement'             the supply agreement entered               
                                   into between JCC and CHC for               
                                   the supply of cement, further              
                                   details of which are                       
                                   disclosed under the paragraph              
                                   headed `The Supply                         
                                   Agreement'                                 
    `Transactions'                 the transactions contemplated              
                                   under the Supply                           
                                   Agreement                                  
    `US$'                          United States dollars, the                 
                                   lawful currency of the United              
                                   States of                                  
                                   America                                    
    `%'                            per cent.                                  
                                                                              
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    Wang Chien Kuo, Robert                                                    
    Chairman                                                                  
                                                                              
    For the purpose of this announcement, unless otherwise specified,         
    conversion of United States dollars into Hong Kong dollars is based       
    on approximate exchange rate of US1.00 to HK$7.80.                        
                                                                              
    20 January 2005