08:54     Last Sale Prices of Hong Kong Stocks in US                          

                                                                              
    Last sale prices (per share) of Hong Kong stocks in US on                 
    31 January 2005 are as follows:                                           
    (Source: NYSE website www.nyse.com, NASDAQ website www.nasdaq.com,        
     for reference only)                                                      
                                                                              
                                              HK$ Equivalent                  
                             US$        (@7.80 rounded to 4 decimal places)   
                          ---------     -----------------------------------   
    APT SATELLITE          0.16875              1.3163                        
    ASIA SATELLITE         1.853               14.4534                        
    BEIJING YANHUA         0.473                3.6894                        
    BRILLIANCE CHI         0.1774               1.3837                        
    CHALCO                 0.5525               4.3095                        
    CHINA EAST AIR         0.2055               1.6029                        
    CHINA LIFE             0.66625              5.1968                        
    CHINA MOBILE           3.148               24.5544                        
    CHINA SOUTH AIR        0.365                2.8470                        
    CHINA TELECOM          0.3733               2.9117                        
    CHINA UNICOM           0.818                6.3804                        
    CITY TELECOM           0.176                1.3728                        
    CNOOC                  0.5354               4.1761                        
    GUANGSHEN RAIL         0.3978               3.1028                        
    HUANENG POWER          0.70375              5.4893                        
    HUTCH TELECOM          0.893333             6.9680                        
    I-CABLE COMM           0.348                2.7144                        
    JILIN CHEMICAL         0.324                2.5272                        
    PCCW                   0.571                4.4538                        
    PETROCHINA             0.561                4.3758                        
    SHANGHAI PECHEM        0.3648               2.8454                        
    SINOPEC CORP           0.4015               3.1317                        
    SMIC                   0.2028               1.5818                        
    SUNDAY COMM            0.0631               0.4922                        
    TOM ONLINE             0.1495               1.1661                        
    YANZHOU COAL           1.436               11.2008