10:11     WANJI PHARMA<00835> - Announcement (1)                              

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    WANJI PHARMACEUTICAL HOLDINGS LIMITED                                     
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 835)                                                         
                                                                              
    APPOINTMENT OF DIRECTOR                                                   
    AND                                                                       
    GRANT OF OPTIONS UNDER THE SHARE OPTION SCHEME                            
                                                                              
    The Board is pleased to announce that Mr. Yen Shiao Hua, Sheridan         
    had been appointed as an executive Director on 18 January 2005.           
                                                                              
    The Board also wishes to announce that the Board has resolved             
    to grant 21,769,300 Options and 10,884,650 Options under the              
    Share Option Scheme to Mr. Yen, who is an executive Director,             
    and Mr. Lam, who is the chief operation officer of the Company,           
    respectively.                                                             
                                                                              
    Upon the grant of the Options to Mr. Yen and Mr. Lam, the total           
    number of Shares issued and to be issued upon exercise of the             
    Options granted to each of Mr. Yen and Mr. Lam in any 12-month            
    period shall exceed 1% of the Shares in issue. Accordingly,               
    pursuant to rule 17.03(4) of the Listing Rules, the grant of              
    the Options to Mr. Yen and Mr. Lam must be approved by the                
    Shareholders in a general meeting of the Company in accordance            
    with the requirements of the Listing Rules.                               
                                                                              
    A circular containing, among other things, further details in             
    respect of the grant of the Options, the recommendation of the            
    Independent Board Committee to the Independent Shareholders on            
    the grant of the Options to Mr. Yen and Mr. Lam together with             
    a notice of special general meeting of the Company will be                
    despatched to the Shareholders as soon as possible.                       
                                                                              
    APPOINTMENT OF DIRECTOR                                                   
                                                                              
    The Board is pleased to announce that Mr. Yen had been appointed          
    as an executive Director on 18 January 2005.                              
                                                                              
    Mr. Yen, aged 48, has more than 20 years of management experience         
    in the technology industry, spanning consulting, technical                
    services and sales and marketing. Mr. Yen started his career              
    with Philips in the semiconductor industry in Sunnyvale,                  
    California. He established the Applied Material Inc's direct              
    office in Beijing in 1985. Mr.Yen held Managing Director                  
    positions for Mentor Graphics, Greater China and AspenTech, Asia,         
    both companies are engaged in the information technology                  
    industry. He then became involved in direct investment                    
    activities with United Pacific Industries Limited as executive            
    director of operating companies. He had been the Chief Operating          
    Officer of SparkIce.com, one of the more prominent B2B e-commerce         
    models developed in the PRC. Mr. Yen holds a Bachelor of Science          
    degree in Chemical Engineering from the University of California          
    at Berkeley. Prior to joining the Company, Mr. Yen was the                
    managing director of SUNeVision Holdings Limited and resigned             
    his directorship on 4 December 2004. Mr. Yen is also a                    
    non-executive director of RoadShow Holdings Limited.                      
                                                                              
    Save as disclosed above, Mr. Yen did not hold any directorship            
    in any listed company in the past three years before the date             
    of appointment as a Director. A service contract has been entered         
    into between the Company and Mr. Yen and Mr. Yen will receive             
    a remuneration of