10:27     CATIC SHENZHEN<00161> - Announcement (11)                           

    "Shenzhen CATIC"        CATIC Shenzhen Company (*), a company incorporated
    in the PRC,                                                               
    the promoter and controlling shareholder of the                           
    Company holding 62.31% of its issued capital                              
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "Vendors"       New Era, HS Econ, Xinjiang Group and BJ                   
    Exhibition collectively                                                   
                                                                              
    "Xinjiang Group"        Agricultural Construction Division                
    10 of Xinjiang Production and Construction Group (*),                     
    a state-owned entity in the PRC                                           
                                                                              
    By Order of the Board                                                     
    Wu Guang Quan                                                             
    Chairman                                                                  
                                                                              
    Shenzhen, the PRC, 21 January 2005                                        
                                                                              
    * For the Chinese name, please refer to the press announcements today.