09:24     CHINA GAS HOLD<00384> - Announcement & Resumption (2)               

    Corporation (as defined in the announcement of the Company dated 11       
    January 2005). No binding agreements or memorandum or letter of intent    
    have been yet been entered into between the Company and either the        
    Singapore Corporation or the India Corporation. The Directors wish to     
    emphasize that there is no assurance that the discussions with India      
    Corporation will materialize and shareholders of the Company are urged    
    to exercise caution when dealing in the securities of the Company.        
    Further announcement(s) will be made as and when appropriate and          
    necessary to keep shareholders of the Company informed.                   
                                                                              
    Trading in Shares on the Stock Exchange was suspended at the requested    
    of the Company from 9:30 a.m. on 24 January 2005 pending the release of   
    this announcement. Application has been made to the Stock Exchange for    
    the resumption of trading in Shares at 9:30 a.m. on 25 January 2005.      
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless the context otherwise requires, the          
    following expressions shall have the following meanings:                  
                                                                              
    "Board"        the board of directors of the Company                      
                                                                              
    "City Gas"        City Gas Pte. Ltd, a limited liability company          
    incorporated in Singapore and has inherited a 142-year operating history  
    in the distribution of towngas and natural gas to both residential and    
    industrial customers in Singapore                                         
                                                                              
    "Company"        China Gas Holdings Limited, a company incorporated       
    under the laws of Bermuda with limited liability and the issued Shares    
    of which are listed on the main board of the Stock Exchange               
                                                                              
    "Directors"        the directors of the Company                           
                                                                              
    "Group"        the Company and its subsidiaries                           
                                                                              
    "Listing Rules"        the Rules Governing the Listing of Securities on   
    the Stock Exchange                                                        
                                                                              
    "MOU"        the non-legally binding memorandum of understanding dated    
    24 January 2005 and entered into between the Company and City Gas         
    setting out the basic understanding between the parties thereto in        
    connection with the cooperation for the development of natural gas        
    projects in the PRC and City Gas to become a strategic investor of the    
    Company                                                                   
                                                                              
    "PRC"        the People's Republic of China                               
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.01 each in the share capital  
    of the Company                                                            
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "%"        per cent.                                                      
    By order of the board of directors of                                     
    China Gas Holdings Limited                                                
    Liu Ming Hui                                                              
    Managing Director                                                         
    Hong Kong, 24 January 2005                                                
                                                                              
    As at the date of this announcement, the Board comprises of five          
    executive directors namely Messrs. Li Xiaoyun, Xu Ying, Liu Ming Hui,     
    Zhu Wei Wei and Ma Jin Long, one non-executive director namely Mr. Wu     
    Bangjie and three independent non-executive directors namely Mr. Zhao     
    Yuhua, Dr. Mao Erwan and Ms. Wong Sin Yue, Cynthia.