09:54     SOUTH CHINA BRO<00619> - Announcement & Resumption (4)              

    "Shares"   shares of HK$0.025 each in the share capital of the Company    
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Warrants"   the warrants to be issued by the Company at the initial      
    subscription price of HK$0.1012 per Share pursuant to the Warrant         
    Placing                                                                   
                                                                              
    "Warrant Placees"   not less than 100 independent investors as placees    
    to subscribe for the Warrants                                             
                                                                              
    "Warrant Placing"   a placing of the Warrants at a price of HK$0.026      
    each pursuant to the Warrant Placing Agreement                            
                                                                              
    "Warrant Placing Agreement"   a conditional placing agreement dated 25    
    January 2005 made between the Company and South China Securities Limited  
     in relation to the Warrant Placing                                       
                                                                              
    "Warrant Placing Price"   HK$0.026 per Warrant to be issued pursuant to   
    the Warrant Placing                                                       
                                                                              
    "Warrant Subscription Price"   the subscription price of HK$0.1012        
    (subject to adjustment) at which holders of the Warrants may subscribe    
    for Shares                                                                
                                                                              
    By Order of the Board                                                     
    South China Brokerage Company Limited                                     
    Chan Hing Wah                                                             
    Director                                                                  
                                                                              
    Hong Kong, 26 January 2005                                                
                                                                              
    As at the date of this announcement, the Board of Directors of the        
    Company comprises (1) Mr. Ng Hung Sang, Robert, Mr. Richard Howard        
    Gorges, Ms. Cheung Choi Ngor, Mr. Chan Hing Wah, Mr. Ng Chun Sang and     
    Mr. Ng Yuk Yeung Paul as executive directors; and (2) Mrs. Tse Wong Siu   
    Yin, Elizabeth, Hon. Raymond Arthur William Sears, Q.C. and Mr. Tung      
    Woon Cheung, Eric as independent non-executive directors.