10:23     TIAN AN<00028> - Announcement (6)                                   

    the British Virgin Islands with limited liability and is an indirect      
    wholly-owned subsidiary of the Company                                    
                                                                              
    "SHK"  Sun Hung Kai & Co. Limited, a company incorporated in Hong Kong    
    with limited liability whose shares are listed on the Stock Exchange      
    (Stock Code: 86) and is a Substantial Shareholder of the Company          
                                                                              
    "SHKI"  Sun Hung Kai International Investment Management Limited, a       
    company incorporated in the British Virgin Islands with limited           
    liability and is a direct wholly-owned subsidiary of SHK                  
                                                                              
    "Sing Hing"  Sing Hing Investment Limited, a company incorporated in      
    the British Virgin Islands with limited liability and is an indirect      
    wholly-owned subsidiary of the Company                                    
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "Substantial Shareholder"  has the meaning as defined in the Listing      
    Rules                                                                     
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "RMB"  Renminbi, the lawful currency of the PRC                           
                                                                              
    "US$"  US dollars, the lawful currency of the United States of America    
                                                                              
    "%"  per cent.                                                            
                                                                              
    By Order of the Board                                                     
    Tian An China Investments Company Limited                                 
    Patrick Lee Seng Wei                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 21st January, 2005                                             
                                                                              
    For the purpose of this announcement, amounts denominated in RMB have     
    been converted to HK$ at an exchange rate of RMB1.06 : HK$1.00 whereas    
    amounts denominated in US$ have been converted to HK$ at an exchange      
    rate of US$1.00 : HK$7.80.