10:07     LIPPO<00226> & LIPPO CHINA RES<00156> - Joint Ann. (5)              

    APG is a company incorporated in Singapore with                           
    limited liability whose shares are listed on the                          
    Singapore Exchange Securities Trading Limited. As at                      
    the date of this announcement, LCR is indirectly                          
    interested in approximately 51.2 per cent. of the                         
    issued share capital of APG. Accordingly, it is an                        
    indirect subsidiary of LCR. Lippo in turn indirectly                      
    owns approximately 71.1 per cent. of the issued share                     
    capital of LCR as at the date of this announcement.                       
    LCR and APG are therefore indirect subsidiaries of                        
    Lippo.                                                                    
                                                                              
    The shareholding structures of Lippo, LCR and the                         
    Auric Group as at the date of this announcement, as                       
    relevant in this instance, is as follows:                                 
                                                                              
    Notes:                                                                    
                                                                              
    1.      Reference is made to Lippo and LCR's general                      
    disclosure announcement dated 7th December, 2004 in                       
    respect of the Auric Changed Shareholding published                       
    on the Stock Exchange's website. After the Changed                        
    Shareholding Date, SFSB's shareholding interests in                       
    each of ACY and APFP was changed from 30 per cent.                        
    to 25 per cent.                                                           
                                                                              
    2.      Mr. Sean Wong holds shares in SWIPL as a trustee                  
    for and on behalf of SFSB.                                                
                                                                              
    As at the date of this announcement, APG is an indirect                   
    subsidiary of LCR and an indirect subsidiary of Lippo                     
    through its shareholding interest in LCR.                                 
                                                                              
    Although none of Mr. Wong Senior, Mr. Sean Wong nor                       
    their respective associates was a connected person                        
    (within the meaning set out in the Listing Rules) of                      
    Lippo or LCR prior to the Completion Date, being                          
    simply third party suppliers and customers of the                         
    Auric Group, they became connected persons of Lippo                       
    and LCR after the Completion Date by virtue of Mr.                        
    Wong Senior being a substantial shareholder, and Mr.                      
    Sean Wong being a director, of ACY, APFP and Chunex,                      
    all indirect subsidiaries of Lippo and LCR after the                      
    Completion Date. Please refer to the paragraphs below                     
    headed "Listing Rules implications of the Chunex                          
    Arrangements", "Listing Rules implications of the                         
    Trading Arrangements, the Distribution Agreement and                      
    the Manufacturing Agreement" and "Listing Rules                           
    implications of the Tenancy Agreements, the Ongoing                       
    Arrangements and the Consultancy Arrangements" for                        
    details of such relationships with Lippo and LCR.                         
                                                                              
    As a result of the Acquisitions and Completion, the                       
    Tenancy Agreements, the Consultancy Arrangements,                         
    the Back to Back Arrangements, the Distribution                           
    Agreement and the Manufacturing Agreement were                            
    entered into by the Auric Group. In addition, the                         
    Trading Arrangements, the Chunex Arrangements and the                     
    Ongoing Arrangements, comprising of recurring                             
    trading arrangements, have been entered into from                         
    time to time within the Auric Group and with the CYT                      
    Group. Furthermore, Completion has resulted in ACY,                       
    APFP and Chunex (whose shares were acquired by                            
    subsidiaries of APG pursuant to the terms of the                          
    Acquisitions) becoming indirect subsidiaries of                           
    Lippo and LCR. The transactions contemplated under                        
    the Aggregate Connected Transactions allow the Auric                      
    Group to continue to perform its ordinary businesses                      
    subsequent to Completion.