09:43     CHINA ORIENTAL<00581> - Announcement                                

    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.                   
                                                                              
    CHINA ORIENTAL GROUP COMPANY LIMITED                                      
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 581)                                                         
                                                                              
    RESULT OF THE SPECIAL GENERAL MEETING                                     
    HELD ON 4 FEBRUARY 2005                                                   
                                                                              
    Reference is made to the circular of the Company dated 18 January 2005    
    regarding the Continuing Connected Transactions between Jinxi Ltd. and    
    the Joint Venture. Unless the context otherwise requires, capitalised     
    terms used in this announcement shall have the same meanings as those     
    defined in that circular.                                                 
                                                                              
    As required by the Listing Rules and demanded by the Chairman of the      
    SGM, a poll was taken in respect of the resolution proposed at the SGM    
    held on 4 February 2005. As at the date of the SGM, the number of Shares  
    in issue were 2,905,000,000, which were the total number of Shares        
    entitling shareholders of the Company to attend and vote for or against   
    the resolution. There were no holders of Shares entitling such holders    
    to attend and vote only against the resolution at the SGM. No             
    shareholder of the Company was required to abstain from voting on the     
    resolution. Tricor Investor Services Limited, the share registrar of the  
    Company, acted as scrutineer for the vote-taking at the SGM.              
                                                                              
    The poll result is as follows:                                            
                                                                              
                                                                              
            Summary of resolution^        Number of votes (%)                 
                                          For        Against                  
                                                                              
    To approve the Continuing Connected Transactions, subject to              
                                            2,105,526,826  2,602,000          
    an annual cap of RMB1,521 million, for the three years ending             
    31 December 2007.                       99.88%         0.12%              
                                                                              
                                                                              
    ^ The full text of the resolution was set out in the notice of the SGM.   
                                                                              
    As more than 50% of the votes were cast in favour of the resolution, the  
    resolution was duly passed at the SGM.                                    
                                                                              
    At the date of this announcement, the executive Directors are Mr. Han     
    Jingyuan, Ms. Chen Ningning, Mr. Zhu Jun, Mr. Tang Chi Fai and Mr. Liu    
    Lei. The independent non-executive Directors are Mr. Yu Tung Ho, Mr. Gao  
    Qingju and Mr. Wong Man Chung, Francis.                                   
                                                                              
    By Order of the Board                                                     
    China Oriental Group Company Limited                                      
    Han Jingyuan                                                              
    Chairman and Chief Executive Officer                                      
                                                                              
    Hong Kong, 4 February 2005