10:15     HI SUN GROUP<00818> - Announcement (2)                              

    change of name, upon any specific request by                              
    shareholders of the Company, exchange of share                            
    certificates for new share certificates may be                            
    effected on payment of a fee of HK$2.50 (or such higher                   
    amount as may from time to time allowed by the Stock                      
    Exchange) for each share certificate issued or                            
    cancelled. Unless otherwise instructed, new share                         
    certificates of the Company will be issued in board                       
    lots of 1,000.                                                            
                                                                              
    GENERAL                                                                   
                                                                              
    The proposed change of company name is subject to the                     
    approval of the shareholders of the Company by way                        
    of a special resolution at the SGM. A circular                            
    containing, inter alia, details of the proposed                           
    change of name of the Company will be despatched to                       
    the shareholders of the Company as soon as                                
    practicable.                                                              
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Board" the board of directors of the Company                             
                                                                              
    "Company"       Hi Sun Group Limited (*), a company                       
    incorporated in Bermuda with limited liability and                        
    the Shares of which are listed on the Stock Exchange                      
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the People's Republic of China                                  
                                                                              
    "SGM"   the special general meeting of the Company to                     
    be held at Suite 2316, 23rd Floor, One International                      
    Finance Centre, No.1 Harbour View Street, Central,                        
    Hong Kong on 28 February 2005 at 10:00 a.m.                               
                                                                              
    "Share(s)"      ordinary shares of HK$0.01 each in the                    
    share capital of the Company                                              
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    CHAN Yiu Kwong                                                            
    Executive Director                                                        
                                                                              
    Hong Kong, 3 February 2005                                                
                                                                              
    As at the date of this announcement, the Board                            
    consists of eight executive directors, namely,                            
    Mr. Cheung Yuk Fung, Mr. Kui Man Chun, Mr. Lo Siu Yu,                     
    Mr. Xu Wensheng, Mr. Li Wenjin, Mr. Chan Yiu Kwong,                       
    Mr. Xu Chang Jun and Mr. Zhou Jian, and three independent                 
    non-executive directors, namely Mr. Tam Chun Fai,                         
    Mr. Xu Sitao and Mr Leung Wai Man, Roger.                                 
                                                                              
    *  For the Chinese Name, please refer to the press announcement today.