09:19     GUANGNAN (HOLD)<01203>-Announcement&Resumption of Trading(6)        

    state-owned enterprise established in the PRC                             
                                                                              
    "Zhongyue Industry Material"    Zhongyue Industry                         
    Material Limited, a company incorporated in Hong Kong                     
    on 26th September, 1996 and is a wholly-owned                             
    subsidiary of the Company                                                 
                                                                              
    "Zhongyue Tinplate"     *                                                 
    (Zhongshan Zhongyue Tinplate Industrial Co. Ltd.),                        
    a sino-foreign equity joint venture company                               
    established on 22nd June, 1989 in the PRC and held                        
    as to 95% by Zhongyue Industry Material and as to 5%                      
    by Zhongshan Torch                                                        
                                                                              
    By Order of the Board                                                     
    Liang Jiang                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 1st February, 2005                                             
                                                                              
    Conversion of Hong Kong dollars into United States                        
    dollars is based on the exchange rate of US$1.00 =                        
    HK$7.80.                                                                  
    Conversion of Renminbi into United States dollars is                      
    based on the exchange rate of US$1.00 = RMB8.30.                          
    Unless otherwise specified in this announcement,                          
    conversion of Renminbi into Hong Kong dollars is based                    
    on the following exchange rates:                                          
    RMB1.00 = HK$0.9423 (for the year 2002)                                   
    RMB1.00 = HK$0.9406 (for the year 2003)                                   
                                                                              
    "*" for the chinese name, please refer to the press announcement today.