09:01     SUNSHINE<08276> - Announcement                                      

                                                                              
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    contents of this announcement, makes no representation                    
    as to its accuracy or completeness and expressly disclaims                
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    from or in reliance upon the whole or any part of the                     
    contents of this announcement.                                            
                                                                              
    CENTURY SUNSHINE ECOLOGICAL TECHNOLOGY HOLDINGS LIMITED                   
    (Incorporated in Cayman Islands with limited liability)                   
    (Stock code: 8276)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    RELATING TO ACQUISITION OF ASSETS IN JIANGXI, THE PRC                     
                                                                              
    The Directors wish to announce that Century Sunshine                      
    (Jiangxi), an indirect wholly-owned subsidiary of the                     
    Company (as the Purchaser), had entered into the                          
    Acquisition Agreement with Jiangxi Fertilizer Factory and                 
    Jiangxi Agricultural Production Materials Group                           
    (collectively as the Vendors) to acquire the Acquisition                  
    Assets for a cash consideration of RMB21,500,000 on 31                    
    January 2005. Both Vendors are collectively-owned                         
    enterprises in the PRC. The Directors confirmed that, to                  
    the best of their knowledge, information and belief having                
    make all reasonable enquiry, the Vendors are independent                  
    third parties not being connected persons of the Company                  
    (as defined in the GEM Listing Rules).                                    
                                                                              
    The Acquisition constitutes a discloseable transaction                    
    under the GEM Listing Rules. A circular containing detail                 
    of the Acquisition and other information will be sent to                  
    the shareholders of the Company as soon as practicable.                   
                                                                              
    By order of the Board                                                     
    Shum Sai Chit                                                             
    Director                                                                  
                                                                              
    Hong Kong, 31 January 2005                                                
                                                                              
    As at the date hereof, the executive Directors of the                     
    Company are Mr. Chi Wen Fu, Mr. Shum Sai Chit and Mr. Zhou                
    Xing Dun; the non-executive Directors are Ms. Zou Li, Ms.                 
    Wong May Yuk and Mr. Wu Wen Jing, Benjamin and the                        
    independent non-executive Directors are Mr. Shen Yi Min,                  
    Mr. Cheung Sound Poon and Mr. Kwong Ping Man.                             
                                                                              
    This announcement for which the Directors collectively                    
    and individually accept full responsibility, includes                     
    particulars given in compliance with the GEM Listing Rules                
    for the purpose of giving information with regard to the                  
    Company. The Directors, having made all reasonable                        
    enquiries, confirm that, to the best of their knowledge                   
    and belief: (1) the information contained in this                         
    announcement is accurate and complete in all material                     
    respects and not misleading; (2) there are no other matters               
    the omission of which would make any statement in this                    
    announcement misleading; and (3) all opinions expressed                   
    in this announcement have been arrived at after due and                   
    careful consideration and are founded on bases and                        
    assumptions that are fair and reasonable.                                 
                                                                              
    This announcement will remain on the GEM website on the                   
    "Latest Company Announcement" page for at least 7 days                    
    from the date of its posting.                                             
                                                                              
    The above announcement is a summary only. For the full                    
    version of this announcement, please refer to the `Latest                 
    Company Announcements' page on the GEM website at                         
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