09:05     WANJI PHARMA<00835> & <02951> - Odd Lot Arrangement                 

    The Stock Exchange has received a message from Wanji Pharmaceutical       
    Holdings Limited which is reproduced as follows:                          
                                                                              
    "Where the Share Consolidation will result in fractions of Consolidated   
    Shares, such fractional Consolidated Shares will not be issued but will be
    aggregated, sold and retained for the benefit of the Company.             
                                                                              
    In respect of odd lots of Consolidated Shares arising from the change of  
    board lot size, the Company has appointed VC Brokerage Limited to arrange 
    for the sale and purchase of odd lots on behalf of the Shareholders from 5
    January 2005 to 26 January 2005 (both days inclusive). Shareholders who   
    wish to acquire odd lots of Consolidated Shares to make up a full board   
    lot of 10,000 Consolidated Shares, or to dispose of their holdings of odd 
    lots of Consolidated Shares may directly or through their own brokers     
    contact Mr. Henry Lee of VC Brokerage Limited at the telephone number     
    2101-8259 during such period. Shareholders should note that the matching  
    service is on a "best efforts" basis only and successful matching of the  
    sale and purchase of odd lots of Consolidated Shares is not guaranteed and
    will depend on there being adequate amounts of odd lots of Consolidated   
    Shares available for such matching.                                       
                                                                              
    05/01/2005"