10:23     LIPPO<00226> & LIPPO CHINA RES<00156> - Joint Ann. (23)             

    business activities of Chunex are that of importers,                      
    exporters, distributors and merchants in foodstuff,                       
    confectionary products, diary products, preserved                         
    fruits and other bakery related products. The                             
    principal business activity of ACY is the supply of                       
    bakery and confectionery materials. The principal                         
    business activities of APM(S) are wholesale                               
    distribution of food and allied fast-moving consumer                      
    products.                                                                 
                                                                              
    INFORMATION ON THE CYT GROUP                                              
    CYT is principally engaged in business as a supplier                      
    of bakery and confectionery materials. The principal                      
    business activities of its subsidiaries (including                        
    SFSB, CYBM, HSB and Chun Yip Realty) are manufacturing                    
    of and dealing in butter, margarine and related                           
    confectionery products, supply of bakery and                              
    confectionery machinery, property investment and                          
    letting of premises, retail of bakery and                                 
    confectionery materials, manufacturing                                    
    confectionery paper products and repacking and                            
    processing of baking powder, mixed fruits, flavouring                     
    essences and food colours. The principal business                         
    activities of KPL are importing, exporting and                            
    distributing confectionery, bakery and other related                      
    products. The principal business activities of CTC                        
    are that of importers, exporters, distributors and                        
    merchants in foodstuff, confectionary products,                           
    dairy products, preserved fruits and other bakery                         
    related products.                                                         
                                                                              
    DEFINITIONS                                                               
    In this announcement, the following terms and                             
    expressions (unless the context otherwise requires)                       
    shall have the following meanings:                                        
                                                                              
    "Acquisitions"  means the sale and purchase of the                        
    Malaysian Shares and the Singaporean Shares pursuant                      
    to the terms set out in the Malaysian Agreement and                       
    the Singaporean Agreement respectively;                                   
                                                                              
    "ACY"   means Auric Chun Yip Sdn. Bhd. (formerly known                    
    as Elegant Logistics Sdn. Bhd.), a company                                
    incorporated in Malaysia with limited liability for                       
    the purposes of facilitating the purchase of the                          
    Malaysian Shares by APM pursuant to the Malaysian                         
    Agreement;                                                                
                                                                              
    "Aggregate Connected    means the Chunex Arrangements,                    
    the Trading Arrangements, the Distribution                                
      Transactions" Agreement, the Manufacturing                              
    Agreement and the Continuing Transactions;                                
                                                                              
    "APF"   means APG Foods Pte. Limited, a company                           
    incorporated in Singapore with limited liability, a                       
    wholly-owned subsidiary of APG and an indirect                            
    wholly-owned subsidiary of Lippo and LCR                                  
    respectively;                                                             
                                                                              
    "APFP"  means Auric Pacific Food Processing Sdn. Bhd.                     
    (formerly known as Starry Delight Sdn. Bhd.), a                           
    company incorporated in Malaysia with limited                             
    liability for the purposes of facilitating the                            
    purchase of the Malaysian Shares by APM pursuant to                       
    the Malaysian Agreement;                                                  
                                                                              
    "APG"   means Auric Pacific Group Limited, a company                      
    incorporated in Singapore with limited liability                          
    whose shares are listed on the Singapore Exchange                         
    Securities Trading Limited and an indirect                                
    approximately 51.2 per cent. owned subsidiary of LCR                      
    and Lippo;