08:53     Last Sale Prices of Hong Kong Stocks in US                          

                                                                              
    Last sale prices (per share) of Hong Kong stocks in US on                 
    24 January 2005 are as follows:                                           
    (Source: NYSE website www.nyse.com, NASDAQ website www.nasdaq.com,        
     for reference only)                                                      
                                                                              
                                              HK$ Equivalent                  
                             US$        (@7.80 rounded to 4 decimal places)   
                          ---------     -----------------------------------   
    APT SATELLITE          0.17125              1.3358                        
    ASIA SATELLITE         N/A                  N/A                           
    BEIJING YANHUA         0.4702               3.6676                        
    BRILLIANCE CHI         0.1676               1.3073                        
    CHALCO                 0.527                4.1106                        
    CHINA EAST AIR         0.203                1.5834                        
    CHINA LIFE             0.65175              5.0837                        
    CHINA MOBILE           2.982               23.2596                        
    CHINA SOUTH AIR        0.3476               2.7113                        
    CHINA TELECOM          0.3478               2.7128                        
    CHINA UNICOM           0.768                5.9904                        
    CITY TELECOM           0.1725               1.3455                        
    CNOOC                  0.5248               4.0934                        
    GUANGSHEN RAIL         0.367                2.8626                        
    HUANENG POWER          0.68325              5.3294                        
    HUTCH TELECOM          0.893333             6.9680                        
    I-CABLE COMM           0.3425               2.6715                        
    JILIN CHEMICAL         0.3075               2.3985                        
    PCCW                   0.575                4.4850                        
    PETROCHINA             0.545                4.2510                        
    SHANGHAI PECHEM        0.3552               2.7706                        
    SINOPEC CORP           0.3866               3.0155                        
    SMIC                   0.187                1.4586                        
    SUNDAY COMM            0.05599              0.4367                        
    TOM ONLINE             0.13825              1.0784                        
    YANZHOU COAL           1.3888              10.8326