09:39     CHI CHEUNG<00112> - Announcement (3)                                

    SHAREHOLDING STRUCTURE                                                    
                                                                              
    Immediately before      Immediately after                                 
    completion of   completion of                                             
    the Placing     the Placing                                               
    Shares  %       Shares  %                                                 
                                                                              
    Billion Up Limited (Note 1)     209,811,186     74.32                     
            209,811,186     61.93                                             
    Public Shareholders:                                                      
    Primetek Holdings Limited (Note 2)      21,833,142      7.73              
            21,833,142      6.44                                              
    The Placees     -       -       56,460,000      16.67                     
    Others  50,661,659      17.95   50,661,659      14.96                     
    Total   282,305,987     100.00  338,765,987     100.00                    
                                                                              
    Notes:                                                                    
                                                                              
    1. Billion Up Limited is a wholly-owned subsidiary of Lucky               
    Years Ltd., which in turn is a wholly-owned subsidiary of                 
    Chinese Estates Holdings Limited in which Mr. Joseph Lau,                 
    Luen-hung, a director of the Company, has a 62.81% deemed                 
    interest.  Mr. Joseph Lau, Luen-hung, by virtue of his                    
    62.81% deemed interest in Chinese Estates Holdings Limited,               
    is deemed to be interested in the 209,811,186 Shares held                 
    by Billion Up Limited.                                                    
                                                                              
    2. Primetek Holdings Limited ("Primetek") is a wholly-owned               
    subsidiary of Hutchison International Limited ("HIL"),                    
    which in turn is a wholly-owned subsidiary of Hutchison                   
    Whampoa Limited ("HWL").  By virtue of the SFO, HWL and HIL               
    are deemed to be interested in the 21,833,142 Shares held                 
    by Primetek.                                                              
                                                                              
    DEFINITIONS                                                               
                                                                              
    In the announcement, the following expressions have the                   
    meanings set out below unless the context otherwise                       
    requires.                                                                 
                                                                              
    "associate(s)" has the meaning ascribed in the Listing                    
    Rules                                                                     
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Business Day" any day (excluding a Saturday) on which banks              
    generally open for business in Hong Kong                                  
                                                                              
    "Closing Date" not later than the second Business Day after               
    the fulfillment of the condition of the Placing                           
                                                                              
    "Company" Chi Cheung Investment Company, Limited                          
                                                                              
    "Director(s)" the director(s) of the Company                              
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "Placees" any individual(s), institutional or other                       
    professional investor(s) or any of their respective                       
    subsidiaries or associates procured by the Placing Agent                  
    to subscribe for any of the Placing Shares pursuant to the                
    Placing Agreement                                                         
                                                                              
    "Placing" placing of the Placing Shares at the Placing Price              
    pursuant to the Placing Agreement                                         
                                                                              
    "Placing Agent" Get Nice Investment Limited, a deemed                     
    licensed corporation within the meaning of the SFO                        
                                                                              
    "Placing Agreement" a conditional placing agreement                       
    entered into between the Company and the Placing Agent dated              
    24 January, 2005                                                          
                                                                              
    "Placing Price" HK$0.95 per Placing Share                                 
                                                                              
    "Placing Shares" 56,460,000 new Shares to be placed under                 
    the Placing                                                               
                                                                              
    "SFO" the Securities and Futures Ordinance (Chapter 571 of                
    the Laws of Hong Kong)