10:20     GOLIK HOLDINGS<01118> - Announcement (8)                            

    Party A, more particularly described in the paragraph                     
    headed "The Agreements - The Equity Joint Venture                         
    Contract" above;                                                          
                                                                              
    "Group" the Company and its subsidiaries; and                             
    members of the Group shall be construed accordingly;                      
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong;                                                                     
                                                                              
    "Hong Kong"     The Hong Kong Special Administrative                      
    Region of the PRC;                                                        
                                                                              
    "Independent Third Party"       a party who is not                        
    connected with the directors, chief executive or                          
    substantial shareholders of the Company, its                              
    subsidiaries or any of their respective associates                        
    (as defined in the Listing Rules);                                        
                                                                              
    "Listing Rules" The Rules Governing the Listing of                        
    Securities on the Stock Exchange;                                         
                                                                              
    "New JV Documents"      the Equity Joint Venture                          
    Contract and the amended and restated articles of                         
    association of Bridon Tianjin JV;                                         
                                                                              
    "PRC"   The People's Republic of China, which for the                     
    sole purpose of this announcement excludes Hong Kong,                     
    Macau and Taiwan;                                                         
                                                                              
    "Party A"       #(Tianjin Steel Wire and                                  
    Cable Group Ltd.*);                                                       
                                                                              
    "RMB"   Reminbi, the lawful currency of the PRC;                          
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited;                                                                  
                                                                              
    "Subscription"  the subscription of an aggregate of                       
    18,152,854 China Rope Shares by the Company and Bridon                    
    HK pursuant to the Subscription and Shareholders'                         
    Agreement;                                                                
                                                                              
    "Subscription and Shareholders' Agreement"      the                       
    subscription and shareholders' agreement dated 21                         
    January 2005 entered into among the Company, Bridon                       
    HK and China Rope in relation to the Subscription,                        
    as more particularly described in the paragraph                           
    headed "The Agreements - The Subscription and                             
    Shareholders' Agreement" above;                                           
                                                                              
    "Tianjin Golik" #(Tianjin                                                 
    Golik No. 1 Steel Wire Rope Co., Ltd.*), a                                
    sino-foreign joint venture established in the PRC and                     
    the predecessor of Bridon Tianjin JV prior to the                         
    increase in registered capital and the change of name;                    
                                                                              
    "Transfer"      the transfer of 51% equity interest in                    
    Tianjin Golik by CMTH to China Rope pursuant to the                       
    Equity Interest Transfer Agreement; and                                   
                                                                              
    "US$"   United States dollars, the lawful currency of                     
    the United States of America.                                             
                                                                              
    In this announcement, the following conversion rates                      
    are adopted:                                                              
                                                                              
    RMB1.06 = HK$1.00                                                         
    US$1.00 = HK$7.80                                                         
                                                                              
    At the date of this announcement, the Board comprises: